Chinese smartphone maker Xiaomi raises $3.9b in equity deal

A Xiaomi Corp. Mi 6 smartphone is displayed for a photograph during a news conference in Hong Kong, China, on Monday, June 26, 2017. Smartphone maker Xiaomi, fifth in Chinese smartphone sales behind Apple Inc. in the first quarter, is trying to claw its way back to the top of a domestic market it dominated two years ago. Photographer: Anthony Kwan/Bloomberg Photo any Bloomberg