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Segway bought by Chinese rival Ninebot — Parallax Forums

Segway bought by Chinese rival Ninebot

Ron CzapalaRon Czapala Posts: 2,418
edited 2015-04-15 13:22 in General Discussion
http://www.cnet.com/news/segway-bought-by-chinese-rival-ninebot/

Chinese company Ninebot won't be accused of offering knockoff Segways any longer: On Wednesday, the three-year-old startup announced it had acquired Segway.

The acquisition of Segway is backed to the tune of $80 million by Chinese company Xiaomi, the world's third largest smartphone manufacturer, and Californian venture capital firm Sequoia Capital.

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