Posted inHeavy Hitters

Patent suits pile on before Xiaomi IPO

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 […]

Posted inHeavy Hitters

Xiaomi acknowledges environmental risks in its supply chain

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 […]

Posted inHeavy Hitters

Xiaomi pulls all P2P lending ads after accusations of promoting fraudulent financial products

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. […]