This July Xiaomi launched a connected wristband, which was manufactured by Huami Technology (our translation). Being sold on Xiaomi’s online store and their official store on Alibaba’s Tmall, the wristband achieved a million shipments four months after launch, and claims it has the largest market share in its category. Its functions and features are similar to most activity […]
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Xiaomi Valued at US$45 Billion in Billion Dollar Investment
Chinese smart device and software developer Xiaomi today announced it had received US$1.1 billion in a new round of funding, at a US$45 billion valuation. Participating investors include All-star Investment, DST, GIC, Hopu Fund and Yunfeng Capital (the VC fund co-founded by Alibaba chairman Jack Ma). The valuation makes Xiaomi the fourth largest tech company in […]
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Xiaomi Shopping for Acquisitions[Updated]
Xiaomi’s acquisitions are in the spotlight, after the company borrowed US$1 billion from financial institutions, reports the Wall Street Journal, and, according to the Financial Times, is raising US$1.5 billion in a new round of funding. Money has never been a problem for Xiaomi. In June 2012 the company announced US$216 million of funding, at […]
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Xiaomi to Invest US$200M into Chinese Home Appliance Giant Midea
Xiaomi and Midea, a leading Chinese home appliance maker, today announced a strategic partnership in which the former would acquire a 1.29% stake in the latter for RMB1.266 billion (about US$200 million). Xiaomi plans to invest in 100 hardware product companies and sell their products on its online store. Some 25 companies have got on board, […]
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Xiaomi To Invest Millions USD in Video Site Youku Tudou
Chinese smart hardware and internet service provider Xiaomi revealed further details for its ambitious US$1 billion digital content plan released last week. The burgeoning startup announced a strategic partnership with Youku Todou, one of China’s largest internet companies. It plans to acquire the latter’s circulating shares with eight-digit US dollar investment for the development of a multi-screen media and entertainment […]
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Xiaomi and Shunwei Invest US$300M in Baidu’s Video Site iQiyi
Xiaomi, the Chinese smart device and internet service company, and Shunwei, a China-focused venture capital fund with Xiaomi CEO Lei Jun as founding partner and chairman, have invested RMB1.6 billion (just over US$300 million) in iQiyi, the online video business majority-owned by Baidu, Xiaomi announced today. This deal represents the largest investment made in the four-year […]
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Xiaomi’s US$1B for Digital Content, Poaches Online Media Guru Chen Tong [Updated]
“Content is king”, as they say, and even hardware manufacturers want in on it. Xiaomi, the Chinese smart hardware and internet service provider, announced this afternoon that it is allocating US$1 billion to digital content, especially online videos for the Xiaomi Smart TV and set-top box. The company has hired Chen Tong, editor-in-chief of Sina since […]
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Xiaomi Releases New Smart Gadgets to Boost Smart Home Plan
Unlike previous product launches accompanied by fanfare and heavy hype, Chinese smartphone maker Xiaomi today unveiled four smart home gadgets on its microblog, in a relatively low-profile rollout. The four products are the Ants smart camera, Xiaomi smart socket, Yeelight light and Xiaomi smart remote control center. Ants is a smart camera featuring 720P HD live video stream, […]
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Xiaomi Shipped 45M Phones in the First Three Quarters of 2014
Li Wanqiang, co-founder of Xiaomi, disclosed yesterday that about 16 million Xiaomi phones were shipped in the second quarter of this year. Lei Jun, CEO and co-founder, had announced earlier this month that shipments in Q3 increased 20% quarter-on-quarter. The company made RMB33 billion (US$5bn) in sales from 26.11 million phones in the first two […]
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Internet Companies Crowd Air Purifier Market as Airpocalypse Hits China
China’s CCTV Headquarter in Beijing on a Hazy Day At the beginning of Christopher Nolan’s new blockbuster Interstellar, the earth has become an inhabitable dust bowl with lung-choking air. The terrifying dystopia depicted in the movie may cause anxiety in Chinese people, because it’s very similar to what we are experiencing now. The worsening air […]
