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 […]
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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 […]
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“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 […]
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9 of the world’s 12 most shipped smartphone brands are from China
Nine of the world’s twelve most shipped smartphone manufacturers are headquartered in China, according to semiconductor market research firm IC Insights. The company recently updated its 2018 IC Market Drivers Report in which it documented the applications fueling demand for integrated circuits (ICs). According to the report, Apple and Samsung still dominate the market for […]
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Chinese smartphone shipments slump 16.6% in Q1 2018
China, once the world’s engine for smartphone growth, is on the wane.
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Chinese laptops market share drop, while US players rise in H2 2017
In the second half 2017, Chinese laptop maker Lenovo showed 20.2% market share, a year-on-year drop of 4.9%, while the market leader HP showed considerable growth, driving the overall performance of notebook shipments beyond previous expectation, market research firm TrendForce is reporting. For 2018, the market share of the top six brands is expected to […]
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Tencent to launch its own smart speaker, enabling WeChat by voice command
Tencent is to launch its own smart speaker that offers functionality from the Tencent family such as sending WeChat messages via voice command and—unlike all the other smart speakers on the market, contains a battery and so is fully portable—according to 36Kr (in Chinese). The official launch date is not yet available, but the app […]
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A year in constant review: China’s surveillance breakthroughs in 2017
Developments in hardware, software, AI, and networking in China have allowed the country to make huge leaps in security. As AI and networking allow the systems to become smarter and connected to more databases, they are increasingly proactive and effective. Many of these advances have come with little fanfare at home, but others have caught […]
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China is a unique market and this startup is helping foreign hardware makers to crack it
China is arguably the world’s largest manufacturing center for smart devices thanks to the quick rise of hardware hubs like Shenzhen. Groups of foreign entrepreneurs come to the country in search of more affordable parts, efficient manufacturers, cheap labor, crowdsourcing, and the vibrant startup community. But even though their products are manufactured here, it is […]
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How a Taiwan-based AIoT startup is taking on the next big wave
We are entering the era of intelligent things where smart devices seep into every aspect of our lives. As AI continues to evolve and IoT devices proliferate, the two transformative technologies converge, forming something called AIoT (the artificial intelligence of things) or some may refer to it as the next generation of IoT. Sounds a […]
