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Xiaomi Launches Mobile Payment Service Mi Pay

Mi Pay, the long-awaited mobile payment service from Xiaomi, will be available for all Xiaomi users from tomorrow (September 1st). Xiaomi registered a payment service company as early as in 2013, but only in January this year did the company obtain an official license by acquiring a controlling stake in local online payment services company Ruifutong. Like Apple […]

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Xiaomi Has Revealed Their VR Headset

China is obsessed with VR, and Xiaomi is not about to be left behind. The hardware giant revealed their first VR product on Thursday: a smartphone-enabled headset called Mi VR. True to Xiaomi style, the gadget is ridiculously cheap at 1 yuan a piece (about $0.20), but before you go scrounging through your spare change jar, […]

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Is Xiaomi Pivoting Away From Smartphones?

Xiaomi CEO Lei Jun wanted to make one thing clear when he spoke at the Summer Davos event in Tianjin on Monday: “Xiaomi was never meant to be just a smartphone vendor.” The company, which rocketed to fame through mega-sales of budget smartphones, is now stepping back from its revenue-driving product, amid a stagnating smartphone market and […]

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Xiaomi Is Expanding Their Smart Transport Empire With Bicycles

After tackling Segway-style smart transport last year, Xiaomi Inc. now has plans to expand further into smart bikes. The company will release a new Xiaomi-brand smart bike in the coming months, according to sources who spoke to the Wall Street Journal. At the same time Xiaomi-backed smart bicycle company IRiding will also release a ‘smart’ bike called the ‘QiCycle’ this week, […]

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Four Chinese Drones You Can’t Miss In 2016

The global commercial drone market is taking off as improvements in technology transform drones from a specialty device into an affordable consumer product. A huge market for consumer drones is blossoming and already, and China is making its mark. Data from state media outlet Xinhua shows that drone exports from China’s hardware hub Shenzhen amounted to $2.7 […]

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Xiaomi-Like Chinese Smartphone Vendor Collapses Amid Cutthroat Competition

The ecosystem that permitted the meteoric rise of Xiaomi’s valuation to over $45 billion no longer exists. A year-long contraction in the Chinese smartphone market has yielded a consolidated field of players struggling to find new inroads to a saturated market, and the latest casualty has fallen. Dakele, or “big coke”, the Chinese smartphone maker that once aimed to emulate Xiaomi, has suspended R&D […]

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Huawei Says They Can Hang On To Growth As Operating Margins Shrink

Huawei, the world’s third largest smartphone brand, posted a 40 percent increase in first quarter sales revenue when they reported their earnings on Monday. The company says they expect to maintain their current growth trajectory throughout the year. Huawei recorded $245.5 billion yuan ($37 billion USD) in revenue during the first six months of 2016, claiming they have managed […]

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The Company Behind The Roomba Wants To Tap A Xiaomi-Like Formula in China

iRobot, the company behind the Roomba automatic floor vacuum, has turned their attention to China, setting up an office in Shanghai and seeking local investment opportunities. The company is seeking to grow its presence in the market, and lower manufacturing costs for their brand of home robots, the same formula that saw Xiaomi build a multi-billion USD ‘smart home’ […]

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Huawei Celebrates The New Year By Boosting Sales Expectations

While many Chinese smartphone vendors are looking to 2016 for a reprieve from dwindling smartphone demand, Huawei Technologies Co. is ringing in the New Year with some better news. The company said on Thursday that their 2015 revenue is expected to rise 35.5% over the previous year, significantly higher than a prediction release earlier this year of 20%. The Shenzhen-based […]