Closer Look: Xiaomi Bets the Next Big Internet Thing Is Your Wi-Fi Router

(Beijing) --All of a sudden, routers are "in." Chinese router maker HiWiFi recently received more than US$ 10 million from investors in its first round of fundraising. Leading Internet companies such as Xiaomi Inc., Baidu Inc., Qihoo360 Technology Co. and Thunder Networking Technologies have all released products to tap the market.

Meanwhile, one view is gaining traction: smart routers will be the next revolutionary product in the Internet arena.