Misfit, maker of the Shine wearable, has closed a $40 million round of funding, including the first US investment from Chinese cellphone maker Xiaomi, TechCrunch reports. Sonny Vu, Misfit's chairman, told TechCrunch that his company didn't need the money; it still has $15 million from its last raise and is breaking even on hardware sales. More important was the partnerships … [Read more...]