Xiaomi will be backing Ninebot in attempt to buy Segway

xiaomi segway

Today it was announced that Xiaomi will be backing start-up Ninebot in a attempt to buy E-vehicle maker Segway.

Xiaomi were once a young start-up and know what challenges fellow start-ups can face so are acutely seeking out potential companies to keep under its wing. Chinaā€™s Ninebot is lucky enough to be one of those companies. The E-vehicle maker started life only 2 years ago, but now with the help of Xiaomi, plan to buy U.S rival Segway.

Gizchina News of the week

Itā€™s an interesting piece of news especially as Segway have complained that Ninebot have infringed on several of their patents, and are in the process of trying to block the Chinese made product in the U.S.

Ninebot currently sells itā€™s Ninebot Segway style vehicle and single wheel Ninebot One in around 38 countries with pricing ranging from $850 to $3199. Xiaomi have become a backer of the company in the latest round of investment worth $80 million.

[ Bloomberg ]
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  1. sugar
    April 15, 2015

    oh , don’t need to walk in the future

  2. Xalis
    April 15, 2015

    Xiaomi really wants to be part of the future, I can see a smarthouse fully powered by Xiaomi products in a decade.

  3. fgsfds
    April 15, 2015

    Erm. Converses with classic dress is acceptable now? I think it’s more acceptable to wear Converses with M65 paratrooper’s trousers and anime-related t-shirt, just like I do.

    • fgsfds
      April 15, 2015

      Oh, this guy also wears jeans. Maybe he’s homeless.

  4. Angry Mobile Nerd
    April 15, 2015

    1. Company steals technology/designs. 2. Company makes a lot of money selling products using the said stolen technology and/or designs. 3. Company uses money to buy the company that originally developed the said technology and/or design.

    Yup, the future looks bleak.