Chinese smartphone maker¹ Xiaomi is planning to invest 1 billion US dollars in 100 companies in India within five years, according to an interview with Lei Jun, founder² and CEO of Xiaomi, conducted by Livemint on Monday.

 

小米创始人兼CEO雷军周一表示，小米计划未来五年向印度100家公司投资10亿美元。

 

Lei Jun said that his firm has given India priority over its home market China and will build products keeping India in mind first. With a research and development center, coupled with a focus on design, the company plans to bring around 200 products to market in India, and not just smartphones.

 

In the past four years, Xiaomi has invested 4 billion dollars in more than 300 companies in China, and successfully created a system that focuses on the company's smartphones. Xiaomi aims to bring that business model to India.

 

According to Lei Jun, Xiaomi is to be committed to investing in content, FinTech, in-depth localization services, manufacturing and more, promoting the popularization of the internet in India.

 

So far, Xiaomi has invested in 6 internet companies in India, including Hungama, India's leading digital entertainment company, and KrazyBee, India's first Online Installment³ Store.

 

India is the first foreign market for Xiaomi and it is the most successful one so far. Xiaomi introduced its smartphone to India in 2014, by means of cooperation with a local e-business to sell online. In May 2015, Xiaomi launched its first physical store in Bengaluru, India.

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