Xiaomi Invests $25 mn in Hungama

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Xiaomi invests $25 mn in Hungama Digital Media Entertainment, an aggregator and publisher of entertainment content on the internet. “Xiaomi is leading an investment round of $25 million in Hungama, with existing investors,” said Xiaomi’s head of international operations Hugo Barra. “At the same time we’re partnering for video on demand service in India and integrating it into our platform”.

With this partnership Xiaomi will integrate Hungama’s video on demand service with the Mi platform available on smartphones and televisions. Read more

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