Digital Sky Technologies

Music service Spotify raises $250 million

Online music-streaming service Spotify has raised $250 million in a new funding round, making it one of the world's most richly capitalized start-ups.

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China phone firm Xiaomi to get $4 billion valuation after new funding: source

Chinese smartphone maker Xiaomi Technology is in the process of closing a fundraising round that will value it at $4 billion - almost half of Nokia's (NOK1V.HE) market capitalization.

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