Have you ever walked into a store, saw the products on display and thought you entered the wrong place? That’s what happened when I visited Xiaomi’s store at The Place in Beijing…. until it dawned on me: I was exactly where I meant to go. Sports shoes, toothbrushes, and mattresses are not the kind of […]
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Xiaomi CEO reacts to Apple’s public transport card announcement
Xiaomi CEO Lei Jun has said that the company’s smartphones already enable commuters to pay for public transport in over 60 cities around the country. He made the comment shortly after Apple announced that its iOS 11.3 update would allow for the integration of Beijing and Shanghai-based transport cards in Apple Pay. Taking to Weibo, […]
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Xiaomi jumps on blockchain pet bandwagon with Cryptorabbits
After Baidu’s financial blockchain lab released the blockchain pet Cryptodoggies (莱茨狗), Netease also launched a similar product “Lucky Cat (招财猫).” Now, Xiaomi seems to have to use the same form of blockchain layout. It is reported that Xiaomi’s blockchain product is called “Cryptorabbit (加密兔)” and is currently being tested, Chinese media iFeng is reporting. Xiaomi chose […]
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Ant Financial, Didi and Xiaomi named top unicorns in China
China’s Ministry of Science and Technology has announced the 2017 China Unicorn Enterprise Development Report (in Chinese) and the Zhongguancun Unicorn Enterprise Development Report. 164 companies have made the top unicorn list, with a total valuation of $628.4 billion. Ant Financial took the crown with a valuation at $75 billion. Didi Chuxing and Xiaomi were placed second […]
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Xiaomi’s smart wearable device partner Huami raises $110 million in public offering
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 and Huawei users are mostly men aged between 30-34: report
If Xiaomi users are from Mars, Huawei users are from… also Mars? Jiguang Data has published two research papers on the two biggest Chinese smartphone makers analyzing the brands’ users and showing what connects them and what separates them. Among the more interesting numbers of the report was the proportion of male users of Xiaomi. […]
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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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Xiaomi’s IPO rumored to bring its valuation to $200 billion
Sources close to Xiaomi’s senior executives are claiming that Xiaomi has decided to set its IPO for the second part of 2018 with the exact month still unknown, according to Pheonix News (in Chinese). The company is due to be listed in Hong Kong, sources said. Xiaomi’s founder Lei Jun expects the valuation will reach […]
