Xiaomi inks partnership, buys stake in TCL

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(Telecompaper) Xiaomi has acquired a 0.48 percent stake in Chinese home appliance maker TCL, according to a statement made by TCL to the Shenzhen Stock Exchange. Xiaomi earlier signed a strategic partnership with TCL, with the aim of integrating smart devices with “core, high-end, and basic” electronic parts. The idea is to make it easier for TCL devices to integrate in Xiaomi’s operating system. The partners may also make co-investments in the hardware field. 
Source: Industry News (syndicated from Telecompaper.com)