Xiaomi has sold 1 billion shares in a top-up placement at HK$23.70 each, the bottom of the range, to raise $3.1 billion. CHINA'S No. 2 smartphone maker Xiaomi Corp. has raised $4 billion from a combined share placement and sale of convertible bonds, adding to a war chest aimed at expanding its market share from competitor Huawei Technologies Co. Xiaomi has sold 1 billion shares in a top-up placement at HK$23.70 each, the bottom of the range, to raise $3.1 billion, according to terms of the deal obtained by Bloomberg News.That represents a 9.4% discount to its closing price of HK$26.15 on Monday. It,
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