Segway is now a Chinese language firm because of Ninebot and Xiaomi

Segway is now a Chinese company thanks to Ninebot and Xiaomi

Cannot say we noticed this coming, however Segway has simply been acquired by a Chinese language firm referred to as Ninebot, which additionally focuses on self-balancing human transporters. The irony right here is that Segway truly accused its then competitor of IP infringement just a bit over six months in the past, based on Bloomberg. Unsurprisingly, Ninebot had slightly assist from others: the identical occasion introduced that Ninebot acquired an $eighty million funding from Xiaomi — who’s obtained loads of money to play with — plus three enterprise capital funds, however there was no point out of how a lot of that went in the direction of stated acquisition. What’s additionally unclear is the way forward for the Segway model, nevertheless it’ll little question present Xiaomi one other gateway into the US market.

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