Ratan Tata buys stake in China’s Xiaomi
Ratan Tata, chairman emeritus of the company that controls Tata Group, has invested an undisclosed sum in VC-backed Xiaomi, the first investment by any Indian in the Chinese smart phone maker.
Lei Jun, founder and CEO of Xiaomi, said on the company's Facebook page: "Mr. Tata is one of the most well-respected business leaders in the world. An investment by him is an affirmation of the strategy...
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