What is Mixed Reality?

Mixed Reality (MR) is the coolest of hybrids. It changes our perception of reality by adding or removing information in real time. Only a smartphone or a headset like the HoloLens is required.

Unlike AR or VR, it does not take place in either the real world or the virtual world. In other words, Augmented Reality + diminished reality = mediated reality. This form of reality offers an enhanced visual experience over AR or VR.

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So what's the difference between Augmented Reality and Virtual Reality?
Does that mean Augmented Reality is a form of Mixed Reality? Or what's the difference?