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[] Xiaomi To Invest $1 Billion in Indian Startups Over The Next 5 Years To Create An Ecosystem Of Apps

2017-11-20 04:38:47
2416 24

Hello Mi Fans,

Recently Xiaomi India became #1 Smartphone brand in india and Lei Jun , CEO and Founder of Xiaomi visited India to congratulate the entire Xioami india team and during his visit to inidia Lei Jun said , Xiaomi will invest $1 billion in 100 Indian startups over the next 5 years to create an ecosystem of apps around its smartphone brand, isn't this something exciting news for Xiaomi India.

Lei Jun revealed that “In China, in the past four years we’ve invested $4 billion in over 300 companies. 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. We will have all types of services and products and integrate them. That is the Xiaomi business model. We focus on a few key things and everything else, we let our partners provide. We’ve reached just a huge scale in seven years because of this partnership/affiliation model,”


However, this won’t be the first time Xiaomi will be investing in startups in India. Xiaomi and its sister company Shunwei Capital which have already purchased stakes in six Indian internet companies and will invest in businesses such as content, financial technology, hyperlocal services, including mobile phone repairs, and manufacturing in order to increase the adoption of mobile internet in the country, said Lei Jun. This investment commitment makes Xiaomi one of the largest investors in India along with bigwigs such as SoftBank, Alibaba, Tencent, etc. However, Xiaomi is focused only on startups that will increase the adoption of smartphones, particularly its own.


Lei Jun said, “In China, in the past four years we’ve invested $4 billion in over 300 companies. 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. We will have all types of services and products and integrate them. That is the Xiaomi business model. We focus on a few key things and everything else, we let our partners provide. We’ve reached just a huge scale in seven years because of this partnership/affiliation model,”

Lei Jun said, that the company wasn’t planning to list its shares any time soon. “Right now, we do not have such plans. Being a public company has its advantages and disadvantages. We can only go for an IPO when we feel comfortable. We have enough cash. We haven’t made any losses except in 2015 when we lost a little bit of money because of working on global expansion.”

Are you excited about this initiative?

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2017-11-20 04:38:47
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XIAOMI GLOBAL NEWS
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in india ????
2017-11-20 04:53:14

Grandmaster Bunny

DEZIRABLE JAVI Author | from Mi A1

#2

sheshank kashyap
in india ????

yes in India.
2017-11-20 05:09:52

Semi Pro Bunny

ShadyVins | from Redmi Note 4

#3

great news guys..
2017-11-20 08:49:50

Master Bunny

1622189838 | from Redmi Note 3

#4

Thanks for sharing
2017-11-20 09:29:09

Master Bunny

rohit rockson | from MI MAX 2

#5

mi ecosystem India
2017-11-20 11:10:28
rohit bansal

Advanced Bunny

1710864532 | from Redmi Note 4

#6

In punjab please
2017-11-21 03:08:03

Advanced Bunny

Rammawia | from Redmi 4

#7

thanks thanks thansk
2017-11-21 03:53:03

Pro Bunny

BlueRedmi4A | from Redmi 4A

#8

Good Indian startups
2017-11-23 19:12:05

Master Bunny

Nikhil.G | from Redmi 3S

#10

in india thats great news
2018-02-19 22:56:33
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