Ratan Tata Investment Underscores How Xiaomi Defies Odds

It was only last December when Chinese smartphone sensation Xiaomi was getting bad press for a reported intellectual property trouble in India. Five months later, that story has faded, replaced by a well-received product launch in the country in April along with even more striking news: Esteemed Indian tycoon business leader Tata has bought a stake in the company. Terms weren’t disclosed.