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Business deals

Xiaomi chief's fund hunts for next big Indian-language app

With $1.2bn, venture investor eyes country's unconnected rural population

Chinese investors recognize the potential for apps like myUpchar, which offer content in local Indian languages to draw new users online.   © (Photo by Mahesh Bacham)

BANGALORE -- A venture fund co-run by Lei Jun, founder of China's Xiaomi, has turned its attention to India's internet, betting that demand for content in local languages such as Telugu and Tamil will soar as rural communities are increasingly connected to the web.

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