Xiaomi acquires self-driving startup Deepmotion for US$77.37 million Xiaomi Inc. announced that it will acquire Deepmotion Tech Limited, a self-driving technology company, for approximately US$77.37 million. After completion of the transaction, Deepmotion will become a wholly-owned subsidiary of Xiaomi. According to the announcement, Xiaomi has acquired 28.84% of the preferred shares of Deepmotion for US$14.9 […]

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