China's Xiaomi Places a $1.5 Billion Bet on AI and Smart Devices

Published: 11/01/2019
China's Xiaomi Places a $1.5 Billion Bet on AI and Smart Devices
Source: FINANCE.YAHOO.COM

The investment is part of the Beijing-based company’s strategy of wringing more revenue from high-value services and the Internet of Things, billionaire co-founder Lei Jun said in a statement. The company is also focusing on pushing upmarket while expanding into Europe, Lei told Bloomberg Television Thursday. Xiaomi’s taking action against the backdrop of a brewing trade war that’s stoking global

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