Xiaomi just announced a set-top box which gives away TV series and movies to clients for free streaming. And it is said that the set-top box has much to do with Duokan, the reading app maker Xiaomi acquired lately. Or put it directly, Xiaomi Box was actually developed by Duokan.
Don’t be surprised. Though most of its offerings are just apps, Duokan, the Beijing-based startup is experienced with hardware development.
Founded in 2010 with Leijun and Xu Xiaoping, founder of ZhenFund and a well-respected Chinese angel, sitting on its board, Duokan earned its early fame by making 3rd party reading app for Amazon Kindle in China. In May 2012, DuoKan received US$ 10 million from Leijun.
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