Huami, a smart wearable device maker for Chinese smartphone unicorn Xiaomi, has officially been listed on New York Stock Exchange (NYSE) under the ticker symbol “HMI,” and has raised $110 million by offering 10 million shares at $11, the mid-point of the planned price range of $10-$12. This comes a few days after the CEO […]
Search results
Posted inNews
Xiaomi’s smart wearable partner Huami files for $150 million US IPO
Huami Corporation, the smart wearable device partner of Xiaomi, has filed with the United States SEC for a $150 million IPO. The company applies for the listing of its ADSs on Nasdaq Global Market under the ticker symbol “HMI”. No pricing terms were disclosed. Founded in 2013, the Hefei-based startup is the sole partner of […]
Posted inNews
“Xiaomi to be domestic market’s number one in 2.5 years” announces CEO in open letter
Xiaomi founder and CEO Lei Jun has openly declared that his company will return to being number one in the Chinese smartphone market within 10 financial quarters, following on from the companies “turning point year” in 2017. To achieve this, the company is going to need plenty of new staff, be nimble and fight to […]
Posted inNews
Xiaomi and Baidu team up to create an AI+IoT ecosystem
Xiaomi presented its new IoT strategy today announcing its cooperation with Baidu. During Xiaomi’s first IoT Developer Conference since 2015, Baidu’s Chief Operating Officer Lu Qi said that the two companies will cooperate on application scenarios, Xiaomi’s intelligent hardware, big data and smart devices ecosystem in combination with Baidu’s AI technology, big data, intelligent mapping […]
Posted inNews
Xiaomi and Lei Jun will invest $1 billion to 100 startups in India by 2022
Xiaomi CEO Lei Jun and Xiaomi will replicate China’s business model in India and announced that it will invest $ 1 billion to 100 Indian startups over the next five years, our sister media TechNode China is reporting. “We are interested in any application that can increase the frequency of using smartphones, as long as […]
Posted inNews
Russia is now the new frontier for Chinese smartphone makers
Chinese smartphone brands are gaining momentum in their Russia expansion efforts, according to a research report from Counterpoint. As forerunners in this initiative, Xiaomi, which made its official debut in April this year after six months of operation through a distributor, is now the fifth largest smartphone brand in Russia during Q3 this year, grew by 325% YoY. […]
Posted inNews
Chinese phones are taking over Southeast Asia while domestic market shrinks: report
Huawei, Oppo, and Xiaomi came in the top 5, after Samsung and Apple, in the Southeast Asia region during Q3 2017, according to data from research firm Gartner. Among them, Xiaomi’s phone shipments grew nearly 80%, and the market share increased from 4% last year to 7% (in Chinese). Huawei, Xiaomi, Oppo, and Vivo are the […]
Posted inNews
Xiaomi goes into smart air-conditioning… again
Xiaomi recently announced that it aims to save us from the high temperatures with a new air-conditioner. The AC unit—made in cooperation with Chinese electric appliance manufacturer Changhong (长虹)—just passed the national quality certification test (in Chinese). This is the second time Xiaomi has made a foray into air conditioning, the first being marked by controversy. In […]
Posted inNews
Qualcomm signs up to $12bln deal with China’s top smartphone brands
The high-stake visit of US president Donald Trump to China has recorded positive results today as the US smartphone chip maker Qualcomm announced non-binding memoranda of understanding (MoU) with three of China’s top smartphone makers: Xiaomi, OPPO and vivo. Each of the companies expressed a non-binding interest in the purchase of components with an aggregate value […]
Posted inNews
Chinese smartphones increasing market share in India in Q3: report
India’s market has become another battlefield for China’s mobile phone manufacturers. The second largest market after China showed 36 million units of smartphone sales, a 7% increase YoY. Four of China’s companies are putting greater pressure on Samsung, according to an Indian smartphone market third-quarter report released by Yonhap news agency on Sunday. The report […]
