Chinese Mobile Companies
Aiming for Global Expansion, China's Xiaomi Buys 1,500 Patents From Microsoft
| Girish Shetti | | Jun 01, 2016 09:58 AM EDT |
Xiaomi Corp. has purchased around 1,500 patents from Microsoft Inc. as the Chinese smartphone manufacturer seeks to expand beyond China and other emerging markets. The patent deal covers wireless communications, video, cloud and multimedia technologies. The financial details of the agreement have not been disclosed.
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