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Chinese drone maker DJI in talks to raise funding at US$10 billion valuation

DJI, the world's largest drone maker, is seeking to raise hundreds of millions of dollars in a funding round that would take the value of the Shenzhen-based company to some US$10 billion.

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DJI is in talks to raise funding that would place its valuation at US$10 billion. Photo: AP

DJI, the world's largest drone maker, is seeking to raise hundreds of millions of dollars in a funding round that would take the value of the Shenzhen-based company to some US$10 billion.

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According to Forbes, people familiar with the deal said the venture funding discussions are in an advanced stage and include major Silicon Valley firms such as Kleiner Perkins Caulfield & Byers and Accel Partners, an investor in Facebook and music streaming service Spotify.

DJI declined to comment on the fundraising or the company's valuation.

Representatives for Accel and Kleiner Perkins could not immediately be reached for comment.

A US$10 billion valuation would make DJI by far the most valuable consumer drone manufacturer in the world, and the second Chinese tech start-up to hit an eleven-figure valuation in the last six months, after smartphone maker Xiaomi closed a number of highly lucrative funding rounds, the most recent of which in December 2014 took its value to US$45 billion.

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