Ratan Tata Becomes New Investor In Chinese Smartphone Company Xiaomi : Hello friends!!! Today here in this awesome article we and our team provides you complete details Ratan Tata Becomes New Investor In Chinese Smartphone Company Xiaomi new investor. Mr Ratan Tata, Chairman Emeritus of Tata Sons has become the newest Xiaomi investor. Xiaomi Co-founders says – We are incredibly honored by this extraordinary vote of confidence. Mr Tata is very excited about Xiaomi and our plans for India, and we’re really looking forward to working with him as an investor and advisor to build Mi India as a truly Indian company.
Ratan Tata Becomes New Investor In Xiaomi
Xiaomi co-founder and President Bin Lin said, “India is our biggest market outside of mainland China and also an extremely important one. Our goal is to become number one in the next 3-5 years and we are keen on partnerships here.”
Founder and CEO of Xiaomi, says: “Mr. Tata is one of the most well-respected business leaders in the world. An investment by him is an affirmation of the strategy we have undertaken in India so far. This is just the start of an exciting journey, and we are looking forward to bringing more products into India.”
Lin said – “We want to become an Indian company. That is why we are building an R&D team here and setting up data centre. We want to manufacture and also invest in start ups in India,”
Recently, Tata invested an undisclosed amount in mobile commerce company Paytm. He began his ecommerce innings with an investment in Snapdeal in August 2014. Then he picked up stakes in online jewelry portal Bluestone, furniture seller Urban Ladder, and GirnarSoft, the parent company of automobile portals Cardekho, Pricedekho, Gaadi, and Bikedekho.
Xiaomi rides high on India love, secures investment from Ratan Tata. Attending and in the same interview Barra had revealed Xiaomi’s plans for India as well.
1. Having a significant presence in Bangalore
2. Building a substantial software engineering presence in India
3. Opening a global R&D centre in India
4. Opening more Customer support centres and Exclusive service centres in India
5. ‘Indianizing’ the MiUi themes and the Mi bunny (Xiaomi’s mascot)
Last week, Xiaomi launched its first ‘made for India’ handset, the Mi 4i, priced at Rs 12,999. The ‘i’ in the name stood for India.
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