Beijing-based Chinese smart phone maker Xiaomi Inc. has agreed to invest RMB84 million (US$14 million) in Shenzhen-based GPS (Global Positioning System) mapping technology firm Careland Information System, according to a company announcement. Xiaomi is to subscribe to seven million shares at RMB12 apiece. Careland was listed on the Growth Enterprises Market in Shenzhen in 2012. […]

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