Xiaomi Invests in Gaming and Software Giant Kingsoft

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Xiaomi Invests in Gaming and Software Giant Kingsoft

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After gaining huge success in India and overseas through its impressive smartphone line-up, the Chinese electronics manufacturer Xiaomi has plans to expand further. Seems like the company is now eyeing the games and software market.

Xiaomi recently acquired 3% of Kingsoft’s share and the deal was finalised at approximately $68 million. The partially acquired company is a Chinese games and software giant, which started by developing PC games and is now a renowned name in security, entertainment and enterprise products. With this buyout, Xiaomi seems to be laying the ground for dedicated a gaming experience and improved services for its loyal customers.

Until now, Xiaomi was inking deals in hardware only – a whopping $203.7 million investment in home appliance maker Midea Group and a strategic funding in wearable start-up Misfit. The Chinese top smartphone manufacturer bought the shares of Kingsoft from the Chinese investment holding Tencent and the deal is likely to finish by January end.

mi note 1

Last week, Xiaomi amazed everyone with the launch of the 5.7-inch Mi Note. The company still has something in its bag and will unveil it on 20th January; it left its fans longing with an image that speaks of a mysterious new gaming hardware.

Recently, the news cropped up that the smartphone giant has plans to invest in Indian tech start-ups, as well as overseas media content. With Xiaomi investing in almost every business segment, there will be soon a day when this Chinese producer will beat the current top-listers and will dominate the tech industry.

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Meenakshi Rawat
iGyaan's newbie Meenakshi handles content at iGyaan. She is an ultimate foodie, loves travelling and likes to read.