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Xiaomi Announces 61M Annual Shipment for 2014, Unveils Budget Smartphone RedMi 2

Chinese smartphone maker Xiaomi – now valued at US$45 billion – sold 61.12 million smartphones in 2014, representing a 227% increase on 2013, according to an internal email from Xiaomi founder and CEO Lei Jun. He also revealed that the company’s after-tax income from smartphone sales had soared 135% year-on-year to RMB74.3 billion (around US$11.98 billion) in the […]

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Avoid ‘Xiaomization’: Y Combinator, HAX Accelerators On Chinese Hardware

Hardware entrepreneurs should avoid what they call ‘Xiaomization’, said a panel on hardware startups including Y Combinator, HAX and early stage VC fund Yunqi Partners at TechCrunch Beijing this month.  “We call ‘Xiaomization’ the phenomenon of innovative products being commoditized.”said Benjamin Joffe, general partner at HAX. Xiaomi is famous in the Chinese market for producing a dizzying range […]

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China Now Exports Nearly 45% Of Asia’s High-Tech Goods

China’s share of Asia’s exports of high-tech goods has risen to 43.7 percent in 2014 from 9.4 percent in 2000, according to the 2015 Asian Economic Integration Report released by Asian Development Bank on Tuesday. Since 2000 China’s share in high-tech goods including consumer electronics, telecommunications equipment, medical and aircraft technology increased over 4.6 times. At […]

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China’s Budding Android Console Market Is Already Getting Very Crowded

In July this year China completely lifted a 15 -year-old ban on gaming consoles, and the country’s budding developers have already tapped into the fastest way to the market: Android-based consoles. Producing an Android-based solutions, similar to Ouya’s US$99 console, allows companies to enter the market without waiting to develop their own systems, while maximizing China’s powerful manufacturing capabilities […]

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Qualcomm Rallies With Further China Deals

Qualcomm Inc. has squared away another set of licensing agreements in China, sealing  3G and 4G patent deals with Beijing Tianyu Communication Equipment Co. and appliance-maker Haier Group. The deals are a boost for Qualcomm in China, who have recently struggled to collect licensing fees in the country causing their stock to stumble in 2015. Qualcomm shares are […]