Xiaomi recently unveiled its plan to invest in Indian companies that develop apps and online services in an effort to broaden the MIUI platform.
Hugo Barra, Xiaomi Global VP, told Economic Times, “Our investment in India mostly would be around mobile services and mobile apps because hardware ecosystem is in early stages. In China, our major investments are in hardware startups because the ecosystem is more developed there.”
Barra also said that Xiaomi is already negotiating with several Indian startups.
It’s rumored that each startup will receive around US$100,000 in funding. A seemingly small amount compared to the $300 million Xiaomi invested into online video provider iQiyi.