Xiaomi invests $20 million in online gaming company


xiaomi invests in online game company
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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.

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.

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