Xiaomi Technology Co Ltd said on 19 November it had made $300 million investment in online video provider iQiyi.
The investment in iQiyi followed a separate stake purchase deal Xiaomi announced last week in China's largest video streaming site Youku Tudou Inc.
Xiaomi earlier this month pledged to invest a total of $1 billion to expand its Internet TV content, adding to the frenzy in China's fast-growing online video market.
Source: http://cablequest.org/news/technology-news/item/6130-xiaomi-invests-$300-million-in-online-video-firm-iqiyi.html
No comments:
Post a Comment