BEIJING (Reuters) - Xiaomi Technology Co Ltd (XTC.UL) said on Wednesday it has made $300 million (192.10 million pound) investment in online video provider iQiyi.
The investment in iQiyi followed a separate stake purchase deal Xiaomi announced last week in China's largest video streaming site Youku Tudou Inc.
Xiaomi earlier this month pledged to invest a total of $1 billion to expand its Internet TV content, adding to the frenzy in China's fast-growing online video market.
(Reporting by Gerry Shih; Editing by Muralikumar Anantharaman)