US-based wearables maker Misfit has announced that it recently raised $40 million in funding round, which was participated by Xiaomi, GGV Capital, Shunwei, JD.com and existing investors. This is the first time Xiaomi has invested in a US-based start-up, but the company has been on an investment spree for the past few months, so the move is hardly surprising.
Xiaomi investor Hans Tung has joined the Misfit board of directors, reports Techcrunch.
Amazon to launch more Fire Phones
As we had anticipated, Amazon CEO Jeff Bezos hinted at Business Insider’s conference in New York that the e-retail giant will continue working on Fire Phone and is not going to call it quits with just one iteration, reports Re/Code.
Chromecast is now more popular than Apple TV in US, says Survey
A survey conducted by
XOLO to preload 6degrees’ contacts app on its phones
Indian smartphone vendor XOLO has partnered with mobile app developer 6degrees to preload its contacts app on its Android smartphones. This app is also available as a free download from Google Play. The partnership will give the app developers access to a huge set of consumers, who otherwise would have never heard or installed the app on their phone.