Live
- NASA Tracks Five Giant Asteroids on Close Approach to Earth Today
- Pushpa 2 Hits ₹1000 Crore in 6 Days: How It Compares to Other Top Indian Films
- Vivo X200 and X200 Pro Launched in India: Price, Specifications, and Features
- Nitin Gadkari Admits Feeling Embarrassed at Global Summits Over Rising Road Accidents in India
- Comprehensive Review on Indiramma Housing Survey and Welfare Initiatives Conducted via Video Conference
- Jogulamba Temple Records Rs 1.06 Crore Hundi Revenue in 150 Days
- Opposition Slams ‘One Nation, One Election’ Bill as Anti-Democratic; BJP Allies Support the Move
- Celebrate Karthigai Maha Deepam Virtually with Sri Mandir’s LIVE Darshan Experience
- BJP Extends Support to Samagra Shiksha Abhiyan Employees' Strike, Demands Immediate Regularization and Welfare Benefits
- Dr. M. Priyanka Stresses Quality Education, Nutritious Meals, and Cleanliness in Schools
Xiaomi makes $25 mn investment in Indian entertainment firm
Deepening its strategy to introduce localised internet services on its smartphones in India, Chinese smartphone maker Xiaomi has made a $25 million investment into Hungama Digital Media Entertainment. Other investors include Intel Capital, Bessemer Venture Partners and Indian billionaire Rakesh Jhunjhunwala.
Deepening its strategy to introduce localised internet services on its smartphones in India, Chinese smartphone maker Xiaomi has made a $25 million investment into Hungama Digital Media Entertainment. Other investors include Intel Capital, Bessemer Venture Partners and Indian billionaire Rakesh Jhunjhunwala.
"Xiaomi has been an internet company from the very start. We are investing in Hungama not only to start integrating content into our smartphones, but also to grow together with them and deepen our understanding of the content sector in India," Hugo Barra, vice president of Xiaomi, said in a statement.
Xiaomi will soon start integrating Hungama's content services into its platforms, which will also include themes and ringtones.
"With this investment, we intend to further strengthen our movie and TV services and, in fact, Hungama Play will shortly add 1,500 hours of TV content in Indian languages and English," Neeraj Roy, Hungama founder and CEO,added.
Currently, over 75 percent of its smartphones sold in India are made in India. The company released its flagship device Mi5 at Rs.24,999 to maintain its dominance in India.
