Last month, Xiaomi CEO Lei Jun set out an ambitious three-year roadmap for the company which involved transforming the company into a variety store of “about 40 kinds of electronic products.” It appears the internet giant has come one product closer to that goal with the release of a USB electric mosquito repellent device. The gadget is […]
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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 Buys 1500 Patents From Microsoft
Chinese gadget maker Xiaomi struck a deal with Microsoft to purchase around 1,500 patents from the latter for an undisclosed sum, the U.S. company announced on Wednesday. The announcement was made yesterday when Microsoft CEO Satya Nadella visited Beijing. The sale involves patents in voice communications, multimedia and cloud computing sectors, while the licensing portion include wireless communications patents […]
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Xiaomi Releases A Smartwatch That Can Track Your Kids
Chinese parents are early adopters when it comes to outfitting their kids with the latest tech apparel, and Xiaomi is capitalizing on the market with a smartwatch designed specifically for children. The Mi Bunny allows parents to set up a ‘safe zone’, issuing an alert when children wander too far. It is also enabled with location sharing capabilities, […]
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Live from TechCrunch – How can a foreign hardware company enter China?
Shenzhen, the Silicon Valley in China, is becoming a must-destination for the foreign hardware startups to start their business. On the other hand, Chinese startups are starting from Shenzhen and expanding to global markets, such as educational robot kit Makeblock, drone maker DJI, and smartphone manufacturer Huawei. In the panel “Startup in Shenzhen”, Benjamin Joffe, Partner […]
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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 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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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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Xiaomi Is Putting Their Faith In An Internet-Enabled India
Battered by slowing sales back home, Xiaomi is banking on a boom in Indian e-commerce to drive new growth in the coming years. Xiaomi president Bin Lin told the Wall Street Journal that he believed growth prospects in India were better than in China, and that he hopes to see the number of online smartphone sales in India rise […]
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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 […]
