Xiaomi looking to invest US$1bil in Indian startups - Tech News - News Summed Up

Xiaomi looking to invest US$1bil in Indian startups - Tech News


In the next five years, we will invest in 100 companies in India. We will basically replicate the most successful ecosystem business model of China in India. By providing entertainment content and other services, Xiaomi is hoping to make its value-for-money phones more lucrative to customers and differentiate its offering from those of rivals such as Samsung, Vivo, Oppo and others. As long as it is related to acceleration of mobile internet. The purpose is to work closely (on the business side) with these companies," Lei said.


Source: The Star November 20, 2017 08:37 UTC



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