外文标题：Ratan Tata first Indian to take stake in Xiaomi
NEW DELHI: Ratan Tata has kept himself busy since stepping down as chairman of the Tata Group in 2012, investing in several promising technology startups in India. He has now taken this activity to a whole new level, becoming the first Indian to pick up a stake in China's largest smartphone maker, Xiaomi.
The 78-year-old has invested an undisclosed amount in the company, touted by investors as the world's most valuable technology startup at $45 billion.
Senior executives at Xiaomi told TOI that they would seek Tata's advice on how to expand to international markets and become the number one phonemaker in the country in the next three years. "Mr Tata is one of the most well-respected business leaders in the world. An investment by him is an affirmation of the strategy we have undertaken in India so far. This is just the start of an exciting journey," said Lei Jun, founder and CEO of Xiaomi.
THANX DK ()
Tata has a habit of picking scrap and then hoping it will become gold.
Naveen Nickky (hyd)
one of best industrialist investing in Xiaomi will make it share value increase
We (Indians) should avoid a Chinese product from gaining foothold in Indian market.
Lokesh Yadav (Chandigarh)
Ratan Tata investing in Xiomi.. Why not in Indian Mobile vendors?
Best wishes for Xiaomi to come out with flying colours. But we have a perception that China products are substandard in quality. Xiaomi should prove it a misconception
davidson dsa (Unknown)
Rather than making money in start ups, RT should focus more social related projects
Its not the time for Ratan Tata to invests, he should leave everything and go for pilgrimage, ie invest in next life!
Big people, Big Money. Why Does Not the Tata's invest in Cheap Housing Projects for the Poor People in India. Everyone Loves to have His/her Own Home.
Chaiwala Buster (Thondamuthur)
Tata had earlier invested in startups like Snapdeal, Urban Ladder, Bluestone and Cardekho. In March, he picked up a stake in mobile commerce firm Paytm as well.
Jayeshkumar Panchal (India)
..but last Indian to Talk about. ..the Air Pollution!
As saying goes if you have money you can make money, TATA's are directly not into online business or mobile manufacturing but buying such stakes will certainly prepare them for future markets. This also shows that Ratan Tata may have step down from CEO post but he is still active in daily life and working for Tata's. As far as Xiaomi is concern it is a amazing company who certainly has the potential to become number one but journey is not easy. We can't compare Apple and Xiaomi as there target audience is all together different, Where Apple is founded on quality delivery to niche market Xiaomi has totally different audience which is larger in number.