GMIC 2012: Lei Jun and Pony Ma Talk Mobile
The opening sessions of GMIC 2012 were, unsurprisingly, all about mobile. Tencent CEO Pony Ma and Xiaomi CEO Lei Jun are both men with extensive experience in PC-based web development, but if the two of them agreed on one thing this morning, it was that mobile is the future.Pony Ma's Keynote The event kicked off with a keynote address from Pony Ma that was, to be frank, mostly forgettable. Ma spoke about the importance of mobile internet, and the problems inherent with this new model (for example, the danger of security ...
Judging By Its Monstrous Revenue, Xiaomi is a Billion Dollar Company
Update: Somehow I got mixed up between P/E and revenue multiples and have made the necessary amendment below . Since we don't know Xiaomi's profit, it is thus easier to use revenue multiples instead. Hat tip to Raspberry Pi for pointing out.So it has been revealed that Xiaomi’s revenue is at a whopping $158 million per month. To some of us, that was quite a surprise. So if the $158 million in revenue per month stat is true, it means that Xiaomi is making more than $1.8 billion a year. Any revenue ...
Xiaomi Says Monthly Income Now Exceeds $158 million
It's hard to believe that less than a year ago, Xiaomi hadn't even released its phone onto the market. Now, versions of its handset are available for multiple carriers, heavily promoted in China Unicom stores, and selling out online in minutes whenever a new sale opens. Perhaps it's no surprise, then, that the company says it's now taking in more than 1 billion RMB ($158 million) in revenue each month. It is also shipping more than 500,000 units of its M1 handset each month.The company has also grown substantially, ...
Miliao Group Messaging App Adds Music Sharing Between Buddies
Two of China’s coolest startups have joined hands to make it easier for friends to share music via mobile messaging. In the deal, songs from Xiami (a Last FM-like service) can be browsed and shared within the Miliao group messaging app.Miliao is a product of Xiaomi (not to be confused with 'Xiami'), makers of the virally-popular Xiaomi phone, and is a standalone app for iOS, Android, and Symbian, as well as being preinstalled on the Xiaomi phone. Now in the latest app update, Miliao users can find and send music ...
Xiaomi Updates, Real and Rumored
Chinese tech blogs are all a-twitter today with the rumored design of the second-generation Xiaomi phone. The design was supposedly submitted to the patent office in September of last year and hit the internet just this morning after having been released by the national intellectual property office. The design looks legit enough, but Xiaomi has yet to publicly confirm it (we got in touch with them to check and will update this post if we hear back), so take this with a grain of salt.Generally, the design looks pretty ...
Sh*t Lei Jun Says (That Startups Should Listen To)
Lei Jun, the CEO of Xiaomi, has a big personality. He also has a history of success when it comes to tech startups and investment in China, which means people take what he says pretty seriously. Today, he was profiled in the China Youth Daily, and while the full article is probably worth a read for Lei Jun fans, it's full of interesting insight into Lei Jun's mindset and the way he runs his current startup, Xiaomi.On age: "There's nothing great about starting over at age 40," Lei Jun ...
A Review of the Xiaomi M1 [VIDEO]
![A Review of the Xiaomi M1 [VIDEO]](http://www.techinasia.com/techinasia/wp-content/themes/penn2/functions/thumb.php?src=techinasia/wp-content/uploads/2011/10/xiaomi-300x218.png&w=250&h=250&zc=1&q=90)
We've done a fair amount of reporting on Xiaomi's M1 smartphone, and apparently I got caught up in the hype, because a little over a month ago, my wife and I both bought one. I wanted to actually use it for a while so I could offer a review based on a longer period of use, and put it through the rigors of life as a cell phone in China.Here's my fill review in video, but if you dislike watching things (or are on a Youtube-challenged connection), scroll down ...
Xiaomi Phone Gets an Android 4.0 Beta, Only For the Adventurous
The Xiaomi M1 phone currently runs Android 2.3, but the Xiaomi startup team has been promising that it’ll roll-out an update to 4.0 as soon as it has managed to theme the newest version of Google’s (NASDAQ:GOOG) mobile OS. And now that’s a major step closer to reality with the first beta of the 4.0 ‘ice-cream sandwich’ update for Xiaomi phones being put online yesterday.Called ‘Mioneplus,’ the beta version of the ROM is only for adventurous tinkerers who know how to ‘flash’ a new ROM onto their device. A 246MB ...
China’s Xiaomi Phone Gets Cloned, But Probably an Online Scam
The Chinese startup Xiaomi seems to have hit the big-time - it now has its own local clone. Or, rather, it appears to have a clone called Dami, but it’s likely just an online scam and should be avoided totally.Promo images for the supposed ‘Dami phone’ are floating around the Chinese web, and are actually using pictures and graphics stolen from Xiaomi. All the scammers are doing is photoshopping the ‘Mi’ branding off of the Xiaomi phone, and changing the images’ logo a bit. Its probably non-existent phone claims all ...
Every 60 Seconds On the Chinese Internet… [INFOGRAPHIC]
![Every 60 Seconds On the Chinese Internet… [INFOGRAPHIC]](http://www.techinasia.com/techinasia/wp-content/themes/penn2/functions/thumb.php?src=techinasia/wp-content/uploads/2011/12/Every-60-seconds-in-China-thumbnail.jpg&w=250&h=250&zc=1&q=90)
The Infographic of the Day series visually expresses important stories from Asia and the world of technology.There has been a bit of a fad on the internet in recent days for posts about amazing things that happen online in just one minute, and so the Chinese site 17Startup made one about the web scene in China. The numbers were so awesome that we felt it was worth whacking the infographic into an image editor in order to translate it into English.It shows that insane amounts of money - and a ...
China’s 10 Most Wanted Smartphones – Great News for Android, Not So Much for iPhone
Smartphone growth and usage continued to accelerate in China in 2011 - but which phones do Chinese consumers most want to buy? QQ Tech looked at the most popular product searches for such devices on all the major search engines, and compiled this top ten list. The results are awesome news for Android - which runs on seven of the ten - and offer a glimmer of hope to Nokia. But the iPhone is not the one sitting on the throne.Note that this method is better than taking a poll, ...
DST Founder Yuri Milner Invests in Xiaomi
We already knew Xiaomi had scored $90 million RMB in new financing -- they announced that at their press conference with China Unicom on Tuesday -- but Lei Jun has now revealed on Weibo where at least some of that money came from: DST founder Yuri Milner.DST is an investment company, and its name draws a fair amount of attention because it has made some very smart bets in tech companies over the years, including Facebook, Zynga, Twitter, Spotify, and 360Buy. There are also rumors the company continues to flirt ...
Chinese Vacation Home Rental Service Tujia Receives Series A Investment
May 16, 2012
May 16, 2012
Indonesia’s Fimela Adds E-commerce to its Services With FimelaShop.com
May 15, 2012
Mixi Denies Nikkei Report that CEO Wants to Sell 55% Stake
May 15, 2012
Wolianxi App Helps you Organize Outings Fast
May 15, 2012
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