Ratan Tata Invests in Xiaomi

We recently witness Xiaomi's first product launcg outside China. At this launch event held in New Delhi, VP of Xiaomi Global, Hugo Barra mentioned that India is a precious market for them. In another development concerning India, Xiaomi on Sunday announced that Tata Sons Chairman Emeritus Ratan Tata has got some shares in Xiaomi. The ammount of share is not yet disclosed by the company.

Lei Jun, Founder and CEO of Xiaomi said,

"Mr. Tata is one of the most well-respected business leaders in the world. An investment by him is an affirmation of the strategy we have undertaken in India so far. We are looking forward to bringing more products into India."  

"We want to become an Indian company. That is why we are building an R&D team here and setting up data centre. We want to manufacture and also invest in startups in India,"  

added Lei Jun.

Hugo Bara stated in a post on Facebook:

"We're incredibly honoured by this extraordinary vote of confidence. Mr Tata is very excited about Xiaomi and our plans for India, and we're really looking forward to working with him as an investor and advisor to build Mi India as a truly Indian company!"

Manu Kumar Jain, Head at Xiaomi India added via Twitter:

"This is a very proud moment for all of us at @Xiaomi, especially @MiIndiaOfficial team," 

"There can not be a better mentor than Mr. Tata himself who can help us build a truly Indian company"

Hugo Bara's Post on FB

We're really excited to announce our newest Xiaomi investor — Mr Ratan Tata, Chairman Emeritus of Tata Sons.We're...
Posted by Hugo Barra on Saturday, 25 April 2015

Tweets By Manu Kumar Jain
Tweet 1:

This is a very proud moment for all of us at @Xiaomi, especially @MiIndiaOfficial team. #MrTataInvestsInXiaomi
— Manu Kumar Jain (@manukumarjain) April 26, 2015

Tweet 2:

There can not be a better mentor than Mr. Tata himself who can help us build a truly Indian company :) #MrTataInvestsInXiaomi
— Manu Kumar Jain (@manukumarjain) April 26, 2015