Chinese smartphone seller Xiaomi Inc plans for extending their video content archive through Internet by investing $1 billion.
Xiaomi, the third largest smartphone maker after Samsung and Apple. Market estimated value $3 billion. Xiaomi has achieved great amount of success with their Mi series handsets including Mi2, Mi3 and Redmi 1S. All the three handsets had sold in millions across the Asia and still gets sold in bulk in countries including India.
Xiaomi's burgeoning TV unit includes its Xiaomi TV as well as a set-top box, which both use its software and content. The company is best known for its budget smartphones and tablets that have won it legions of fans worldwide.
|Company Name||Xiaomi Inc|
|Process||Internet TV Content|
|Estimated Cost||$1 billion|