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Chinese Billionaire Lin Bin Buys 1% Stake in Miami Dolphins at $12B Valuation

Lin Bin, co-founder of consumer electronics giant Xiaomi, has purchased a 1% stake in the holding company that owns the Dolphins and other related assets at a $12 billion valuation. The transaction adds the global technology executive to the ownership group of the NFL franchise and reflects the organization’s multibillion-dollar enterprise valuation.