The investment makes Ratan Tata the first Indian investor in Chinese smartphone maker Xiaomi.
Chinese smartphone maker Xiaomi has an Indian investor now. Chairman Emeritus of Tata Sons, Ratan Tata, has made an investment in the company. Tata made the investment in Xiaomi yesterday and the announcement was made by both Hugo Barra, Global VP for Xiaomi and Manu Jain, the company’s India Head, via Facebook.
Jain clarified that the investment has been made by Tata in his personal capacity and doesn’t involve the Tata Group. Jain said that the Chinese smartphone maker will look to Tata as an advisor for its India operations.
Xiaomi on the other hand has launched the Xiaomi Mi4i, it’s first flagship to be launched first in India. The company says it has made the device specially for India and will be selling it through all its channels in the country. The Mi4i runs on a Snapdragon 615 SoC along with a 13MP rear camera and 5MP front camera.
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