Wednesday, April 15, 2015

The Segway is now Chinese

Segway, maker of the famous (and oft-ridiculed) two-wheeled vehicles, has been acquired by a Chinese robotics company, The Wall Street Journal reports. Beijing-based Ninebot said in a news conference today that it purchased its US rival for an undisclosed sum, adding that it received an $80 million investment from Xiaomi and Sequoia Capital, a venture capital firm.

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