Xiaomi Willing To Invest In Indian Startups

China's Xiaomi Inc, the world's third-biggest smartphone maker and most valuable tech startup in the world is willing to invest in Indian startups and overseas media content according to Hugo Barra, vice president of the company's global division.

"Where we really want to make significant investments is in content, particularly in the Chinese market to start with but beyond that in other markets as well," Barra said.

"We are already making some investments for now focused on China, but in the future we will do that in other markets too."

Just three years after selling its first handset, a $1.1 billion round of fund-raising announced in December valued the privately held company at $45 billion, making it the world's most valuable tech start-up.

Taking a leaf from Samsung's book, Xiaomi's recent investments include a Chinese electronics maker as part of a strategy to build an Internet-of-things environment, where devices can be controlled by smartphones.

Xiaomi has had mixed success in India. Sales of its handsets were suspended there after telecoms equipment maker Ericsson filed a complaint alleging infringement of intellectual property rights. Partial sales were permitted from December though the case is yet to be settled.

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