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Xiaomi to acquire self-driving startup Deepmotion for USD77.3 Million

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Acquisition, divestment & Spinoff

Xiaomi revenue surges 64%

According to a press release published on TechCrunch on 25 August, Xiaomi Corp. announced the acquisition of autonomous driving technology startup Deepmotion for approximately USD77.4 million, completing a deal that will help it further its ambitions of entering the rapidly expanding field.

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