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China Smartphone Maker Purchases Patents from Microsoft

Chinese smartphone maker Xiaomi has purchased 1,500 patents from Microsoft, as part of an effort by Chinese companies to acquire intellectual property rights in preparation for expansion into overseas markets. In exchange Microsoft-owned software will be bundled on Xiaomi phones. Ningling Wang, a partner in Shanghai with the law firm Finnegan, Henderson, Farabow, Garrett & Dunner, said the Xiaomi Microsoft deal may indicate that Xiaomi intends to sell phones to American...

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