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Aggregated China Business Blogs
Xiaomi Eyes Smart Home Market With $210M Investment In Midea
Aggregated Source: China Money Network
Shunde city, Guangdong province-headquartered Chinese electrical appliance manufacturer Midea Group says it has agreed to establish a strategic partnership with venture-backed smartphone maker Xiaomi Inc. to jointly expand their businesses in the smart home market, according to a statement posted on Midea's Weibo account. At the same time, Midea plans to issue 55 million shares […]

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