China's Xiaomi says to invest $1 bn in TV content building

China`s Xiaomi Technology Co Ltd, the world`s third-largest smartphone manufacturer, will invest $1 billion in television content building, the company said on its official Weibo microblog on Tuesday.

Beijing: China`s Xiaomi Technology Co Ltd, the world`s third-largest smartphone manufacturer, will invest $1 billion in television content building, the company said on its official Weibo microblog on Tuesday.

The investment is aimed at enriching the company`s content and becoming a `leading bellwether for the industry`, Xiaomi said.

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