Foxconn invests in India’s mobile internet company MoMagic

Foxconn will invest in India’s mobile internet company MoMagic.
Foxconn subsidiary FIH Mobile Limited has acquired a 10 per cent stake in mobile Internet market company MoMagic which had earlier got investment from silicon major MediaTek.
The investment is expected to “further strengthen FIH’s business presence in India as part of the two companies’ shared goal of tapping significant business opportunities in the world’s fastest-growing mobile internet and smartpho