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"Millet is not a video site and can cooperate with all video sites." Xiaomi founder Lei Jun said yesterday. Xiaomi announced that it is leading the creation of a major video site alliance. More than 100 partners will provide content for Xiaomi's TVs and boxes.
Xiaomi announced yesterday that it has established a major alliance of Baichuan video websites with a total value of US$1 billion. We cooperate with iQIYI, Youku, Mango TV, Best Connect, Sohu Video, Huaze Film and Television, PPTV, etc. to build China's most complete movie library, genuine TV drama content library, and variety show library.
According to reports, in November 2014, Xiaomi invested 1.8 billion yuan in iQIYI, followed by another investment in Youku Tudou and shares in Huace Film and Television. Xiaomi made capital injections from video sites to film and television drama production companies.
The video website, which has a lot of enthusiasm, once again stood together. At present, there are more than 100 members in the league. Ereli data shows that its market share has exceeded 85%.
It is understood that the establishment of the alliance means that users can watch ten of the top 12 video sites on Xiaomi's television and box products, and include most of the mainstream video site content.
The chance for the last video site to "align" was anti-piracy. In October 2013, Sohu, Youku, Tencent, LeTV and other well-known Internet video portals established the Anti-Piracy Coalition, suing Baidu and other video sites for pirating infringement and claiming 300 million yuan. 
Millet Announces $1 Billion to Build "Major Video Site Alliance"
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