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The Chinese robotics company Ninebot has bought Segway, a maker of two-wheeled electric vehicles, for an undisclosed sum. In 2014, Segway accused Ninebot and several other Chinese companies of infringing on its patents and sought an import ban on the Ninebot One. As Segway has struggled to make profits it has changed ownership; in 2009, it was sold to a group led by British millionaire Jimi Heselden, who died after riding a Segway off a cliff in 2010.
In a statement, the companies said that both brands would continue to operate under their existing names.
"It [the acquisition] creates a development opportunity for the short-distance transportation industry, which the combined company will lead by widely applying a series of technologies, such as electric driving, mobile internet and human-computer interaction on future products," said Ninebot chief executive Lufeng Gao.
(Score: 1, Insightful) by Anonymous Coward on Thursday April 16 2015, @06:38AM
It used to be "learn Russian" not long ago.
Do you realize this example makes your prophesies sounds fairly ridiculous? Russia is a waning 3rd world dictatorship.
(Score: 0) by Anonymous Coward on Thursday April 16 2015, @09:06AM
Unless something is done quickly, the invasion is going to happen. Just like Communist Russia was stopped from taking over the world by actions, not passivity. Most nations were able to sell the threat to their citizens.
Nothing is being done right now about the takeover threat because its happening slowly. Its the "boiling frog" problem: the water in the pot is heated slowly, and the frog is boiled alive without realizing it is being boiled.