Top News

Xiaomi invested CNY 1.2 billion to take shares in Midea and cooperate in smart home

Updated:2014/12/16 09:50

Midea Group CO., LTD announced on 14th December that it had signed a strategic cooperation agreement with Xiaomi, which said Midea would issue directional shares to Xiaomi, and the raised funds were no more than CNY 1.266 billion. After the share issuance, Xiaomi will hold 55 million shares of Midea, which is 1.288% of the total stock issue.

According to the strategic cooperation agreement, Xiaomi will be oriented in the excellent product experience and services, and conduct multi cooperation in smart home and its ecological chains and mobile Internet business fields, they will establish close communication mechanisms between the senior personnel of the two sides, and dock cooperation teams in smart home, E-business and strategic investments, the two sides will actively explore multi cooperation models and support the development of related business of each other.

 Source:c114
For press release services, please email us at english@c114.net.cn.

Related News

    E-Mail:english@c114.net.cn

    Copyright© 2014 C114 All rights reserved.
    »¦ICP±¸12002291ºÅ-4