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Latest Tech News Tech Tech News Xiaomi says wants to invest in Indian start-ups

Xiaomi says wants to invest in Indian start-ups

China's Xiaomi Inc, the world's third-biggest smartphone maker, will invest in Indian start-ups and overseas media content, Hugo Barra, vice president of the company's global division, said in an interview on Friday.

By: REUTERS
Updated on: Jan 16 2015, 12:14 IST

China's Xiaomi Inc, the world's third-biggest smartphone maker, will invest in Indian start-ups and overseas media content, Hugo Barra, vice president of the company's global division, said in an interview on Friday.

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This app uses EEG frequency and ambient sounds of a babbling brook or rain to help lull you to sleep. Ranks as the top paid health app in Japan's Apple Store. ¥85.Photo: AFP

'Where we really want to make significant investments is in content, particularly in the Chinese market to start with but beyond that in other markets as well,' Barra said.

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'We are already making some investments for now focused on China, but in the future we will do that in other markets too.'

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Just three years after selling its first smartphone, a $1.1 billion round of fund-raising announced in December valued Xiaomi at $45 billion. The privately held company has risen to become the No. 3 handset maker and is now challenging Apple Inc and Samsung Electronics Co Ltd as well as domestic rivals such as Huawei Technologies Co Ltd.

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First Published Date: 16 Jan, 12:11 IST

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