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Xiaomi to Support 100 Startups in Push to Expand Product Line

Xiaomi Corp., the world’s most valuable startup, is planning investments of its own in 100 emerging technology companies.

Xiaomi has already backed 27 startups and is looking to increase that number almost fourfold, Chief Executive Officer Lei Jun said in Beijing Friday. The deals will help the electronics company expand into Internet-enabled “smart home” devices, while it continues in-house development efforts for key products such as smartphones, tablets and set-top TV boxes.