By Benjamin Horney ( January 12, 2015, 5:16 PM EST) -- Facebook Inc. founder Mark Zuckerberg was nearing a deal to invest in Chinese smartphone maker Xiaomi Inc. ahead of December's $1.1 billion fundraising, but talks fell apart for a variety of reasons, Reuters reported Monday. Zuckerberg and Xiaomi CEO Lei Jun reportedly held discussions at a private dinner in Beijing in October, but Jun ultimately chose to opt out partly due to the potential "political fallout at home of selling a stake to Facebook while the U.S. social network is still banned in China." The amount Zuckerberg was considering investing was not disclosed, although the report noted it was "not huge." Xiaomi raised $1.1 billion from investors last month and is valued at about $45 billion, according to the report....
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