BEIJING: China’s Tencent Holdings Ltd launched an operating system for internet-connected devices such as TVs and watches that is open to all developers, taking on domestic rivals Alibaba Group Holding Ltd and Xiaomi Inc in the smart hardware space. Tencent Operating System (OS) and TOS+ allow manufacturers and developers to freely use the platform if they agree to share revenue. This model mirrors Google Inc’s Android mobile OS, and could help Tencent replicate the US firm’s conquest of the majority of the world’s smartphones.
Late last week, executives from Xiaomi and LeTV butted heads on Weibo over LeTV’s claim that it has the first “borderless” smartphone. It started with Xiaomi CEO Lei Jun mocking the borderless claim since LeTV’s phone does have thin black screen borders. After a rebuttal from a LeTV executive, LeTV CEO and founder Jia Yueting chimed in with this apparent message of peace: “I hope Chinese companies can work hard together to overtake the iPhone hand-in-hand, push forward progress in the industry, and create greater value for consumers.”
Indian biz tycoon Ratan Tata, who heads the US$100 billion Tata group, has just picked up a stake in Xiaomi from China. More than the investment itself, a thumbs up from the chairman emeritus of the Tata Group, who is one of the most respected business figures in India, adds to the Xiaomi mojo which has already cast a spell over the country.
Chinese handset maker Xiaomi unveiled its first “made-for-India” Mi 4i smartphone in New Delhi on Thursday April 23, priced at 12,999 Rupees (US$205). The phone will be released in Singapore, Malaysia, Hong Kong and Taiwan in May, reports Taipei-based online news outlet TechNews. It was the first time the company had launched a new product overseas, drawing around 12,000 fans to the launch event.
NEW DELHI: Xiaomi, the world’s fifth-largest smartphone maker, wants to become an “Indian company” as it looks to invest in a startup, set up an R&D centre, begin local manufacturing and emerge India’s No 1 handset player by 2020. “The most important market for us in 2015 is India. We want to become an Indian company. So, we want to build an R&D team, manufacture phones, set up data centre in India and invest in ecosystem companies in India,” Lei Jun, founder and CEO of Xiaomi, told ET.
Xiaomi vice-president Hugo Barra (pictured above) today launched its newest phone, the Mi 4i, at a global premiere in Delhi, attended by both founders Lei Jun and Lin Bin. That it chose to premiere a new gadget in India underlines the importance of this smartphone-hungry, cost-sensitive market to the Chinese company. The name of its new flagship phone is an acronym of “Mi for India.”
Peer-to-peer lending startup Jimubox has just secured $84 million in series C funding. It comes seven months after the Beijing-based firm attracted US$37 million from Xiaomi and ShunWei Capital, a venture capital fund headed by the phone maker’s founder, Lei Jun. This time round the lead investor is UK’s Investec Bank. Haitong Kaiyuan Investment also joined in, along with new investors Mandra Capital and Zhong Capital Fund. Existing Jimubox backers Matrix China Partners, Xiaomi, Shunwei, Ventech China, and Magic Stone Alternative also threw in some cash.
Manufacturers in different industries are jumping into the smartphone business in China, resulting in fiercer competition and a less profitable market, reports the Beijing Morning Post. Over the past few months, several Chinese hardware and software makers alike, including 360 Security, LeTV, Gree Electric, Meitu, Datang and others, announced the launch of smartphones. The newcomers are carrying their brands from different industries hoping to make as much money as existing players.
Ever since reaching a sales zenith in 2013, Samsung smartphones have been facing an increasing challenge from their Chinese counterparts, losing ground to Chinese brands such as Huawei, Lenovo and Xiaomi in the mainland market in 2014 and also suffering strong competition from Chinese rivals in international markets, according to the Shanghai-based China Business News (CBN).
This has been a big week for the Xiaomi ecosystem, as one of the companies in the Xiaomi fold just acquired Segway. The acquisition caught the attention of industry-watchers the world over, but beyond being a big move for purchasing company Ninebot, the acquisition was also a big step for Xiaomi, as it marks the first time a company in its ecosystem has purchased a globally-recognized brand.
Segway’s recent exit is just as murky and mysterious as its birth. Today Xiaomi announced that Ninebot, a Chinese robotics company, has purchased the New Hampshire-based scooter company for an undisclosed sum. In what Ninebot calls a “strategic partnership,” Segway will become a wholly-owned subsidiary of Ninebot, which is concurrently announcing a US$80 million funding round from Xiaomi, Sequoia Capital, Shunwei Capital, and others.
Xiaomi Technology is likely to rely more on China-based Leadcore Technology for the supply of low-cost chipset solutions for the production of entry-level LTE smartphones as a means to ramp up its shipments in 2015, according to a China-based OFweek.com report. Xiaomi launched recently its entry-level model, the Hongmi (Red Rice) 2A, which is powered by Leadcore’s quad-core L1860C processor and sports 4.7-inch display.
Yesterday, to commemorate its five year in business, Chinese smartphone vendor Xiaomi held a 12-hour “fan festival” sales blitz across all of its markets. In that period, the company sold 2.12 million smartphones, raking in revenues of RMB 2.08 billion (about US$335 million). The company also sold 770,000 smart appliances (it sells lightbulbs, air filters, and other smart home products), 208,000 Mi Band wristbands, and 247,000 units of its newly-introduced power strips. https://www.techinasia.com/panasia-blitz-xiaomi-sales-2-million-smartphones-12-hours/
WASHINGTON: Xiaomi sold more than two million smartphones during an event on March 8. According to the TechCrunch, Xiaomi had a twelve hour ‘Mi Fan Festival 2015′ across seven countries in Asia yesterday, with total sales of 2.12 million smartphones and revenue of around $335 million. The company also sold 38,000 Mi TVs as well as 770,000 smart appliances, including the recently announced Mi Smart Scale. That effort broke its previous best for a ‘flash sale’ event.
Xiaomi Technology aims to sell two million smartphones to mark its five-year anniversary on April 8, one day after Asustek Computer began to market its ZenFone 2 smartphones in China, according to industry sources. Xiaomi will focus on promoting its pink edition Xiaomi Note and Hongmi 2A. In addition, Xiaomi has also lowered the price of its Xiaomi 4 to CNY1,799 (US$290). Judging from Xiaomi’s previous performance, the vendor is likely to sell 1.6 million smartphones or 80% of its target on April 8, squeezing the sale of ZenFone 2 products, said the sources.
When Xiaomi first launched in India last July, the Chinese gadget maker did so with online-only sales through one ecommerce store – Flipkart. That ends today as Xiaomi’s India boss, Manu Kumar Jain, announced a wide array of new ways for Indian consumers to buy its smartphones or tablets. Xiaomi has tapped Airtel India’s stores for sales before with the Redmi Note 4G, but the sales channels through Amazon India, Snapdeal, and The Mobile Stores are brand-new. The Mobile Stores has 300 outlets across the country.
NEW DELHI: Chinese phone maker Xiaomi Tuesday ended its exclusive partnership with Flipkart and joined hands with new online partners Amazon and Snapdeal to sell its products in the country. Xiaomi’s India head Manu Jain announced these new partnerships on Twitter and tweeted that customers can now purchase Mi products from Flipkart, Snapdeal, Amazon, The Mobile Stores and Airtel India stores.
The buzz over whether Chinese smartphone up-and-comer Xiaomi can outshine global leader Apple has reached new volumes as the company unveiled its latest line of products ahead of their fifth anniversary on Monday. China’s leading smartphone vendor Xiaomi unveiled the Mi Note pink edition on Tuesday, a fashion device which is geared toward women, along with four other new products, including Red Mi 2A, Mi TV 2 and the new Mi Power Strip. http://www.wantchinatimes.com/news-subclass-cnt.aspx?cid=1204&MainCatID=12&id=20150404000094
Xiaomi Technology has unveiled five new products to celebrate its five-year anniversary. The new products include a pink edition Xiaomi Note, Hongmi 2A, Xiaomi 2 TV, Xiaomi scale and Xiaomi power supply adapter. The Hungmi 2A is powered by a Leadcore Technology 1.5GHz quad-core L1860 CPU and a 4.7-inch IPS display with 1GB DDR3 memory. The model is priced at CNY599 (US$97), unlocked.
Chinese cosmetics and skincare company Yu Jia Hui has raised an undisclosed funding round from Xiaomi founder Lei Jun and Shunwei Capital, according to iYiou. This is Lei Jun’s first investment in the cosmetics industry. Yu Jia Hui has four product lines, each under a different brand: facial masks, lotion, men’s facewash and skin care, and a Garfield cartoon-branded facial mask for kids. The company’s website states it developed its own patented skin care technology.