Millet mobile phones are now expanding into other areas

Abstract: According to the technology media TECHINASIA10 10th reported that the red new star Millet mobile phone in China, the smart phone has been a great contribution to the current industry to expand to other areas, such as blood pressure monitors and game host market. Millet intends to invest in Kay, expand the industry

According to the technology media TECHINASIA10 reported 10th, Red China's new star millet cell phone, the smart phone has been a great contribution to the current industry to expand to other areas, such as blood pressure monitors and game host market. Millet is interested in investing in Kay, extending the industry to the mobile map navigation field.

Kay announced that it will issue 7 million shares, millet two wholly-owned subsidiary Tianjin Jinxing Investment Co., Ltd. and Tianjin Shun Rice Investment Co., Ltd. to subscribe, the total investment of 84 million yuan. The former buys 4666667 shares and the latter buys 2333333 shares.

Kay is one of the few companies to have a license to work with GPS in China, and has gained 25 million yuan in the first half of 2014 and is growing strongly. But it is not clear whether the intention is to diversify its portfolio or intentionally Kay it into its own software. (Internship compilation: Wangjin: Chen)