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Facebook Discussed Investment Options With Xiaomi: Sources

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Facebook chief executive Mark Zuckerberg and Xiaomi CEO Lei Jun discussed a potential investment by Facebook in China’s top smartphone maker ahead of its $1.1 billion fundraising last month, but a deal never materialized, several people with knowledge of the matter told Reuters.

The discussions, at a private dinner when Zuckerberg visited Beijing in October, were never formalized, three of those people said, as the two CEOs weighed the political and commercial implications of Facebook — which has been banned in China since 2009 — buying into the Chinese tech star now valued at $45 billion. Click here to read more at ET Telecom

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Wahengbam Rorrkychand

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