Xiaomi, China’s leading smartphone manufacturer, has turned profitable in its third year in India, highlighting an increasing preference for Chinese phones over those produced by local rivals. Xiaomi’s India unit saw a 696% sales surge to Rs 83.79 billion ($1.3 billion) with a net profit of Rs 1.64 billion ($25.42 million) during FY17, marking the […]
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Xiaomi and Baidu team up to create an AI+IoT ecosystem
Xiaomi presented its new IoT strategy today announcing its cooperation with Baidu. During Xiaomi’s first IoT Developer Conference since 2015, Baidu’s Chief Operating Officer Lu Qi said that the two companies will cooperate on application scenarios, Xiaomi’s intelligent hardware, big data and smart devices ecosystem in combination with Baidu’s AI technology, big data, intelligent mapping […]
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Xiaomi comes to Europe with launch event in Madrid
Xiaomi ventured into western Europe with a grand launch event on November 7 in the Spanish capital of Madrid. This is part of the Chinese smartphone maker’s ambitious plan to transform into a globally recognized brand. Revealed at the event were two smartphone models for the Spaniards—the €499 bezel-free MIX 2 and the €229 Mi A1 powered by […]
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Xiaomi and Lei Jun will invest $1 billion to 100 startups in India by 2022
Xiaomi CEO Lei Jun and Xiaomi will replicate China’s business model in India and announced that it will invest $ 1 billion to 100 Indian startups over the next five years, our sister media TechNode China is reporting. “We are interested in any application that can increase the frequency of using smartphones, as long as […]
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Ant Financial, Didi, and Xiaomi named top 3 Chinese unicorns, says Hurun Report
The Hurun Research Institute released today the Hurun Greater China Unicorn Index 2017, where Ant Financial, Didi Chuxing, and Xiaomi top the chart. The report listed out 120 best unicorns in the Greater China region that are valued over $1 billion as of the end of November 2017. “We select the companies valued over $1 billion […]
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Phones From Xiaomi, Oppo Will Feature 3D Face Sensing Technology, Sources Say
Editor’s note: A version of this post by Zhang Xia first appeared on Yicai Global. New smartphones from Xiaomi and Oppo will feature three-dimensional sensing technology for facial recognition as early as March or April next year, industry sources said. Himax Technologies and Qualcomm will develop the 3D sensing technology using modules produced by Truly Opto-electronics. These three […]
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Russia is now the new frontier for Chinese smartphone makers
Chinese smartphone brands are gaining momentum in their Russia expansion efforts, according to a research report from Counterpoint. As forerunners in this initiative, Xiaomi, which made its official debut in April this year after six months of operation through a distributor, is now the fifth largest smartphone brand in Russia during Q3 this year, grew by 325% YoY. […]
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Xiaomi launches new Mi Mix 2 a day before iPhone 8 reveal
Right before Apple’s iPhone annual launch event tomorrow, Xiaomi—China’s top smartphone manufacturer—launched today its latest smartphone lineup: the Mi Mix 2. The Mi Mix 2 is a successor to last year’s Mi Mix phone. The latest model features a four-sided curved ceramic body with the bottom bezel 12 percent narrower than the Mi Mix. “I […]
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Chinese phones are taking over Southeast Asia while domestic market shrinks: report
Huawei, Oppo, and Xiaomi came in the top 5, after Samsung and Apple, in the Southeast Asia region during Q3 2017, according to data from research firm Gartner. Among them, Xiaomi’s phone shipments grew nearly 80%, and the market share increased from 4% last year to 7% (in Chinese). Huawei, Xiaomi, Oppo, and Vivo are the […]
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Xiaomi goes into smart air-conditioning… again
Xiaomi recently announced that it aims to save us from the high temperatures with a new air-conditioner. The AC unit—made in cooperation with Chinese electric appliance manufacturer Changhong (长虹)—just passed the national quality certification test (in Chinese). This is the second time Xiaomi has made a foray into air conditioning, the first being marked by controversy. In […]
