Chinese smartphone maker Xiaomi hit yet another roadblock ahead of its blockbuster IPO. An individual named Yuan Gongyi (袁弓夷) is suing the company for infringing on his patent, asking for an indemnity of RMB 50 million ($7.5 million), local media is reporting. According to Yuan, the Chinese patent ZL00800381.5, named Common Packet Channel, has been […]
Xiaomi has scheduled to launch a separate smartphone band Poco to enter world premium Android phone competition.
Several Xiaomi phones users recently have found many of the financial products they invested in have been having problems paying off the investors. These investors first accessed these products via their ads on Xiaomi, accusing Xiaomi of pushing fraudulent ads and lacking moderation. Based on screenshots provided by some of the users, the ads of […]
The agreement will give Xiaomi access to music from HIM International Music and Tianyue Media, including such artists as SHE, Hebe Tien, Yoga Lin, Power Station, and Where Chou.
Xiaomi’s smart speakers have been awakened 8 billion times by users to activate around 100 million devices.
Chinese smartphone maker Xiaomi filed an application to issue a CDR (Chinese Depositary Receipt) today, June 8th, with the China Securities Regulatory Commission, local media is reporting. If permitted, Xiaomi could be the first company to issue a CDR. The Beijing-based smartphone giant filed for a Hong Kong IPO in March this year with a valuation expected to […]
Xiaomi has acknowledged alleged environmental risks by its suppliers after being accused of violating disclosure requirements relating to environmental pollution in its Hong Kong IPO filing. In early May, the company was called out in a report by environmental groups for withholding knowledge about environmental risks in its supply chain from documents submitted ahead of […]
Chinese smartphone manufacturer Xiaomi has pulled all ads promoting peer-to-peer (P2P) services from its smartphones. The move comes after the company received complaints that fraudulent and ill-moderated financial products were being promoted within its MIUI operating system. Xiaomi received 429 complaints relating to related risky P2P lending platforms, involving a total of RMB 40 million. […]
A leaked email from Xiaomi CEO, Lei Jun, to staff revealed Xiaomi’s plans to set up a separate department dedicated to bolstering smartphone camera capabilities. In the email, Lei wrote: “The company has decided to set up a separate camera department within the smartphone division. With the company’s resources, we aim to build smartphone cameras […]
Xiaomi has been trying to pivot from a smartphone seller to an internet-based firm of which the revenues will mainly come from advertising.