This is the first internal shake-up after Xiaomi’s initial public offering in July.
Much like with Huami, one concern for the market is Viomi’s dependence on Xiaomi.
Xiaomi’s smart speakers have been awakened 8 billion times by users to activate around 100 million devices.
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 […]
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 […]
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 […]
Smartphone shipments in China dropped to 91 million units in the first quarter of 2018, representing the largest single quarter decline on record. This is the first time since the end of 2013 that shipments have fallen below 100 million units. Technology market analysis firm Canalys said eight of the ten major smartphone manufacturers were […]
China, once the world’s engine for smartphone growth, is on the wane.
Vivo is entering the fast-growing smart home market where it will face Alibaba, Xiaomi, Baidu, JD, and more.
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 […]