2015 has been a tough year for smartphone vendors in China, with an economic slowdown taking its toll of country-wide sales. However some vendors have been more successful than others. Huawei reached one of its major milestones this quarter, shipping 100 million units in 2015, becoming the first Chinese vendor to do so, according to research firm […]
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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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Chinese Mobile Phone Distributors See Profits Plunge in 2014
Two of the leading Chinese mobile phone distributors, isidi and TELLING, saw sharp declines in their profits during 2014, according to their pre-announcements of annual earnings. TELLING expects to report a net loss of RMB323-357 million (US$52-58 million) despite turning a profit the previous year. isidi estimates its profit for 2014 was down by 97-99%. […]
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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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HTC Ejected From Taiwan 50 Index As Smartphone Slowdown Hits Home
It’s been a tough season for smartphone makers aimed at the China market and that’s something HTC can attest to. The Taiwan-based smartphone maker will be removed from the Taiwan Stock Exchange’s Top 50 Index, now shifting into the Taiwan Mid-Cap 100 Index. The company’s stock has dropped over two-thirds in the past year as smartphone […]
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Why Chinese Crowdfunding Sites Aren’t Really For Entrepreneurs
During this year’s record-breaking Single’s Day sales event, Xiaomi posted a project with a one-day limit on Taobao’s crowdfunding platform. The project goal was set to 10 million yuan, and backers who put up one thousand yuan would receive a new Xiaomi phone along with the chance to win a ticket to a Xiaomi press conference. By […]
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Mark Zuckerberg Praises Chinese Tech Companies In Lengthy Mandarin Speech
Almost exactly a year ago, Facebook founder Mark Zuckerberg sent the internet into a frenzy when he did a Q&A in Chinese at a Tsinghua University event. The performance drew mixed reviews at the time: some praising the then 30-year-old CEO for his persistence, others picking apart his shaky pronunciation and so-so grammar. A year later he has […]
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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 […]
