Latest in Breaking news

Image credit:

Segway is now a Chinese company thanks to Ninebot and Xiaomi

Richard Lai, @richardlai
April 15, 2015
2 Shares
Share
Tweet
Share

Sponsored Links

Can't say we saw this coming, but Segway has just been fully acquired by a Chinese company called Ninebot, which also specializes in self-balancing human transporters. The irony here is that Segway actually accused its then competitor of IP infringement just a little over six months ago, according to Bloomberg. Unsurprisingly, as a three-year-old startup, Ninebot needed a little help from others with this purchase: the same event announced that Ninebot received an $80 million investment from Xiaomi -- who's got plenty of cash to play with -- plus three venture capital firms, but there was no mention of how much of that went towards said acquisition. What's also unclear is the future of the Segway brand, but it'll no doubt provide Xiaomi another gateway into the US market.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
2 Shares
Share
Tweet
Share

Popular on Engadget

Google says it will disable Search in Australia if it's forced to pay for news

Google says it will disable Search in Australia if it's forced to pay for news

View
The View40 is Honor's first phone after splitting from Huawei

The View40 is Honor's first phone after splitting from Huawei

View
Put Bernie Sanders almost anywhere with this Google Street View app

Put Bernie Sanders almost anywhere with this Google Street View app

View
Elon Musk announces $100 million prize for new carbon capture tech

Elon Musk announces $100 million prize for new carbon capture tech

View
Apple's next MacBook Air could be even thinner and lighter

Apple's next MacBook Air could be even thinner and lighter

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr