China’s Xiaomi to launch smart driving protection insurance

HONG KONG (Reuters) - China’s Xiaomi said on Tuesday it will work with insurance institutions to launch a smart driving protection service with a maximum liability of 3 million yuan ($413,439.54).

Xiaomi is the world's third largest smartphone manufacturer and ventured into making cars last year.

($1 = 7.2562 Chinese yuan renminbi)

(Reporting by Jessie Pang and Beijing Newsroom; Editing by Andrew Heavens)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Oncology firm Novocure says cyberattack exposed US patient records
• Analysis-Venezuela’s Maduro to test US courts' reluctance to apply international law in criminal cases
• Exclusive-US refusals of crucial newborn vitamin spike, raising risk of dangerous bleeding