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China's Xiaomi makes US$300 million investment in Baidu's online video site

Michael Kan | Nov. 20, 2014
As part of the investment, Xiaomi and Chinese search giant Baidu will "deepen cooperation" on products and content, especially on the mobile Internet front.

So far, Xiaomi phones have proven to be popular in the country. The products, while offered in limited stock in India, have been appealing enough that they've often sold out within seconds of becoming available.

Xiaomi, however, has yet to crack the top five rankings in India's smartphone market, according to research firm Canalys.


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