Xiaomi-backed Chinese firm acquires iconic scooter maker Segway
New backers of Ninebot, which began producing scooters two years ago as a crowdfunded project, also include Xiaomi Chief Executive Lei Jun`s personal private equity fund Shunwei, Gao said.
Apr 15, 2015, 16:08 PM ISTChina's Ninebot $80 mn in investment from Xiaomi, Sequoia
The firm has also bought a 100 percent stake in iconic U.S. rival Segway Inc for an undisclosed sum, Chief Executive Gao Lufeng told a news conference in Beijing.
Apr 15, 2015, 12:52 PM IST