Latest in Breaking news

Image credit:

Segway is now a Chinese company thanks to Ninebot and Xiaomi

270 Shares
Share
Tweet
Share
Save

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
270 Shares
Share
Tweet
Share
Save

Popular on Engadget

The best consoles, games and accessories for students

The best consoles, games and accessories for students

View
Ewan McGregor will play Obi-Wan Kenobi again in a new 'Star Wars' show

Ewan McGregor will play Obi-Wan Kenobi again in a new 'Star Wars' show

View
'Clone Wars' returns on Disney+ in February

'Clone Wars' returns on Disney+ in February

View
Watch the first trailer for Disney's 'The Mandalorian'

Watch the first trailer for Disney's 'The Mandalorian'

View
A first look at Disney+

A first look at Disney+

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr