Beijing-based personal transportation robot maker Ninebot Inc. has received US$80 million investment from Chinese smartphone maker Xiaomi Inc., Shunwei Capital, Sequoia Capital and WestSummit Capital, according to an announcement. At the same time, Ninebot has also acquired rival Segway PT. Deal terms were not disclosed. Shunwei Capital is co-founded by Lei Jun, founder of Xiaomi, […]

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