Xi­ami forms part­ner­ship for In­ter­net video

China Daily (Canada) - - NEWSCAPSULE -

Xiaomi Corp, the Chi­nese smart­phone maker, has formed a part­ner­ship with on­line video plat­form Youku Tu­dou Inc to de­velop In­ter­net video con­tent.

The an­nounce­ment marks Xiaomi’s first ma­jor move in the me­dia sec­tor since hir­ing Chen Tong, the founder of China’s largest mi­cro-blog­ging net­work Sina Weibo by user num­bers, ear­lier this month.

Xiaomi will also take a stake in Youku; de­tails were not dis­closed.

The two will jointly de­velop con­tent and tech­nol­ogy in­clud­ing multi-screen on­line video ser­vices, the state­ment said, and work to­gether in the pro­duc­tion and dis­tri­bu­tion of on­line videos and movies.

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