Xiaomi, its subsidiary investment companies and Xiaomi CEO himself have invested or acquired a variety of Chinese tech companies, from smart gadget makers to pre-IPO companies, along the way. Design StudioXiaomi has acquired RIGO Design, the designer of many Xiaomi hardware products and the built-in custom Android system, a source close to the matter told TechNode. Red Mi phone, Xiaomi Smart TV, and the latest two versions of MIUI system are designed by the design studio, according to multiple reports by local media. If local media are right that RIGO only designed Red Mi for Xiaomi, one outcome of the acquisition may well be that the next Xiaomi flagship phone won’t resemble the iPhone 6. Beijing Pine Cone, it transpires, is an affiliate of Xiaomi, for two members of the management of the joint venture are Xiaomi employees, as reported by Sina Tech (report in Chinese).