It has been about a year since Xiaomi completed one of the larger single patent acquisitions made by an emerging Chinese tech company. The smartphone maker secured around 1,500 Microsoft patents as part of a licensing deal and a technology sharing pact that allowed the US tech giant to install its software on certain Xiaomi devices. I learned some more background to that agreement during a recent visit to the Chinese company’s Beijing headquarters, and was told that the smartphone upstart is not necessarily done hunting for megadeals.

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