Xiaomi Corp. will invest in “a lot more” startups this year, President Bin Lin said, as the Chinese phone maker seeks software and services to capitalize on the burgeoning business of smart homes. The investments will include appliances and hardware that complement Xiaomi’s existing devices, Lin said during an interview at the company’s Beijing headquarters. Xiaomi took stakes in more than 20 startups in the past 18 months, Lin said, and the company has introduced products including air purifiers and light bulbs that can be controlled by smartphones.
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