Xiaomi have announced today that they have bought a 4.7% stake in Westhouse, Kingsoft owned online gaming company.
The stake in the gaming company cost Xiaomi a cool $20 million and is likely to put pressure on the pc game maker to expand in to smartphone and Android games which Xiaomi will be to sole distributor of.
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It is hardly surprising that Xiaomi are investing Kingsoft owned companies as Xiaomi’s CEO, Lei Jun just happened to be the Kingsoft ceo for a number of years before starting his own mobile phone empire.[ Source ]