Funding
China's Xiaomi raises $1.1 billion from investors at $45 billion valuation
China's Xiaomi Inc [XTC.UL], one of the world's fastest-growing smartphone makers, has raised $1.1 billion in a round of funding that cements its status as one of the world's most valuable private technology companies at a valuation of $45 billion.
Unable to pay salaries, Afghanistan asks donors for more money
Afghanistan does not have enough money to pay salaries this month and has asked aid donors for a bailout before the end of the year, the treasury chief told Reuters on Thursday.
Uber in talks to sell over $1 billion in convertible debt
Uber is in talks to sell more than $1 billion in convertible debt, a source familiar with the matter said, soon after the U.S. taxi service said it raised $1.2 billion in its latest funding round.
Massive white truffle to be sold at New York auction
An Italian white truffle, reportedly the largest in the world, will be sold at an in-house and online auction in New York on Saturday where bidding is expected to start at $50,000 and could go much higher, Sotheby's said on Thursday.