China’s answer to GoPro raises $90m funding

ChinaTech in Asia — China’s answer to GoPro, a startup called Yi Technology, has raised US$90 million in funding. Gadget maker Xiaomi is among the investors, just as it did for the startup’s series A round, reports the Financial Times. Yi, which is largely unknown outside China, recently received praise for its newest action camera, the Yi 4K, which offers features and specifications comparable to a GoPro costing double its price tag. The Yi 4K is US$249.

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