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Chinese smartphone company Xiaomi has made its first investment in India, leading a $25 million round of investment into digital entertainment company Hungama.

This is Xiaomi’s first investment in a startup outside its home country China and indicates how significant the fast-growing Indian smartphone market is for the company

It’s also a step towards providing local content and services on its smartphones in India, the second-largest market for Xiaomi after China. Xiaomi will soon integrate Hungama’s content services, themes and ringtones into its platforms Read more…

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