Deals
Segway Bought by Xiaomi-Backed China Transporter Startup Ninebot
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Segway Inc., the developer of two-wheeled, electric-powered people movers, was acquired by China-based competitor Ninebot Inc.
After allying with Segway, Ninebot will use electric driving, mobile Internet and man-machine interaction technologies for future products, Gao Lufeng, Ninebot chief executive officer, said at a press conference in Beijing. The companies didn’t disclose terms of the April 1 transaction.