With limited spare cash Xiaomi must play smart to grow its patent hoard 16 Apr 15
Beijing-based robotics and transportation startup Ninebot has bought US competitor Segway – the manufacturer of the somewhat iconic, somewhat notorious, two-wheeled scooters known by the same name. Ninebot concurrently announced that a funding round had secured it $80 million from investors, including part-owner Xiaomi, Sequoia Capital, West Summit Capital and Shunwei Foundation (the latter being an investment vehicle affiliated with Xiaomi founder, chairman and CEO Lei Jun). Segway Inc – along with DEKA Products, the R&D company founded by the vehicle’s inventor Dean Kamen – had filed a complaint with the US International Trade Commission late last year accusing Ninebot and several other companies of infringing their patents relating to the personal transport.
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