China's Xiaomi says to invest $1 billion in TV content building
By Reuters
Nov 04, 2014 02:22 AM EST
Regions
Lei Jun, founder and CEO of Xiaomi, speaks at a launch ceremony of Xiaomi Phone 2 in Beijing in this file photo. (Photo : Reuters)
China's Xiaomi Technology Co Ltd, the world's third-largest smartphone manufacturer, will invest $1 billion in television content building, the company said on its official Weibo microblog on Tuesday.
The investment is aimed at enriching the company's content and becoming a 'leading bellwether for the industry', Xiaomi said.
© Reuters All rights reserved.