Xiaomi Ties Up with Microsoft,
Buys Patents
Xiaomi Corp. bought nearly 1,500 technology patents from
Microsoft Corp. in a deal that may smooth potential legal tangles over
intellectual property as it pushes beyond China.
The patents cover a range of
wireless communications, video, cloud and multimedia technologies, spokeswoman Kaylene Hong said. The acquisition came as part of a broader
agreement announced Wednesday with the U.S. software giant, under which
Microsoft Office and Skype will come pre-installed on the Chinese smartphone
maker devices.
Xiaomi, which vies with Huawei
Technologies Co. for the title of China’s biggest mobile brand, has begun
selling phones in emerging markets, but its lack of a wide-ranging mobile
patents portfolio has been perceived as a stumbling block to
expansion into regions such as Europe or the U.S. The company’s push into
India, currently its biggest overseas market, was met with a lawsuit from
Ericsson AB.
Xiaomi had been one of China’s most
exciting startup stories, earning a valuation of $45
billion by marketing cut-rate but reliable devices directly to consumers online and offering then-innovative social media
and customization features. It now needs to sell into overseas markets with
Chinese smartphone growth grinding to a halt.
Xiaomi sold more than 70
million smartphones last year, falling well short of its target and prompting
founder Lei Jun to tell employees he was refocusing research efforts into “cool
stuff” like robotics and virtual reality.
The deal also marks a rare sale
of patents by Microsoft to a company in China, where it’s facing a government
antitrust investigation while simultaneously trying to fight piracy.
Microsoft moved into phone
production almost two years ago when it bought Nokia’s handset division for
$9.5 billion in a bid to make the company relevant in consumer computing beyond
PCs. The company has since written down most of that purchase and in
May agreed to sell its feature phone business to FIH Mobile Ltd. and
HMD Global for $350 million.
Technology companies use their
intellectual property, including patents and trademarks, to protect innovations
and provide a type of currency when it comes to using that of others through
cross-licensing deals. The 2014 Indian lawsuit, which focused on Ericsson
inventions enabling wireless devices to connect to networks, resulted in a
court banning some Xiaomi devices in India.
The agreement announced on Wednesday also covered
cross-licensing, though neither side would provide specifics.