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Ratan Tata Invests In Xiaomi And Becomes An Advisor

Apr 27, 2015

Ratan Tata, the Indian business leader and chairman emeritus to the Tata conglomerate became an advisor to the Chinese smartphone manufacturer Xiaomi after investing an undisclosed sum. This startegic investment will make Xiaomi's journey in India much easier. It is expected that Tata will help the company localize its products. Xiaomi launched the Mi 4i especially for the Indian market few days ago.

Founded by Lei Jun in 2010, Xiaomi is the world's third largest smartphone distributor. Headquartered in Beijing, China, Xiaomi calls itself the Apple of China.

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