Chinese phone maker Xiaomi revealed today that it has sold one million smartphones in India in the five months since launching in the nation.
Xiaomi, the brainchild of investor and tech guru Lei Jun, redefined the Chinese smartphone market by launching an extremely powerful smartphone running on a smartly-designed Android skin at a price almost anyone could afford. Other companies have since followed Xiaomi into the cheap-smartphone fray, but the company’s success has proved difficult to copy. It has also proved difficult to predict, ignoring the expectations for a tablet launch and instead launching a set-top box for online video. Where will Xiaomi go next? We have no idea. But whatever the company does is sure to be interesting.
The round is led by All-Stars Investment, a tech fund run by ex-Morgan Stanley analyst Richard Ji.
Xiaomi is by far China’s most important tech company. Its founder embodies all of Silicon Valley’s greatest heroes, from Bill Gates to Steve Jobs to Elon Musk.
After Xiaomi yesterday won a temporary reprieve on its India sales ban, today Hugo Barra confirmed that sales of one phone model will restart in the country next week.
Lei Jun’s share of Xiaomi is worth US$31 billion to US$38.9 billion, well above Ma and somewhere in the range of Facebook founder Mark Zuckerberg.
Xiaomi, the disruptive Chinese phone-maker that sold 18.7 million phones in 2013, has just revealed how much profit and revenue it pulled in last year.
Chinese smartphone maker has invested RMB 1.27 billion (US$200 million) into home appliance manufacturer Midea Group for a 1.3 percent stake in the company.
Chinese phone maker Xiaomi has been slapped with an injunction from a high court in India, which bans the sale of Xiaomi phones in the country.
If a cheap phablet with 4G is what you want, and you buy it knowing it could bite the dust in a year or less, then the Xiaomi Note 4G is right up your alley.
This is a perfect entry level device for those who just want to try out a fitness wearable.
The Chinese smartphone vendor continues to make more and more peripherals
Following the Chinese government's ruling in the Qualcomm antitrust case, smaller tech companies like Xiaomi could be at risk for bring gouged on patent fees. The solution? Invest in developing patent...
The latest figures from IDC show that smartphone shipments in India grew 82 percent in the past 12-month period, while China saw growth of just 10.8 percent.
Huami, the Chinese startup that’s Xiaomi’s fitness wearables partner, has secured US$35 million in series B funding.
It’s no secret that Xiaomi is working on an electric car. Xiaomi CEO Lei Jun reportedly said as much himself at a conference in April of this year. And while he’s since said the company doesn’t have p...
Fitness tracking startup Misfit has secured US$40 million in funding from an array of Chinese investors. The US firm’s latest investment is led by GGV Capital along with Xiaomi, JD, Shunwei, and exist...