Posts filtered by tags: Lei Jun[x]


Xiaomi plans to invest $1.5 billion over the next five years to grow its AI-powered smart home ecosystem

This story was delivered to Business Insider Intelligence IoT Briefing subscribers hours before it appeared on Business Insider. To be the first to know, please click here.   Chinese technology company Xiaomi is planning to spend about $1.5 billion over the next five years to grow its AI-powered smart home ecosystem, CEO Lei Jun  announced  last week. The company, which is best known for low-priced smartphones, is looking to build on its existing AI capabilities and use a range of first...
Tags: China, Trends, Xiaomi, Ikea, Lei Jun, Tcl, Xiao, Business Insider Intelligence

Xiaomi’s five-year plan is a $1.5 billion bet on smart homes

Xiaomi, the Chinese company best known for budget phones, is betting big on a future of connected homes. It plans to plough at least 100 billion yuan, or $1.48 billion, into the so-called “AIoT” sector over the next five years, founder and chief operating office Lei Jun announced on Friday. AIoT, short for “AI + IoT,” is an upgrade from devices connected to the internet, known as the Internet of Things. AIoTs are intelligent, run on automated systems and can learn from users’ habits, like ...
Tags: Asia, Hardware, China, Funding, Tech, Smartphone, Smartphones, Xiaomi, Ikea, Baidu, Huawei, Operating System, Lei Jun, Smart Devices, Voice Assistant, Lei

Xiaomi CEO Looks Past Selloff to 5G-Led China Phone Revival

The Chinese devices maker is now focusing on pushing upmarket while expanding into Europe, forgoing the U.S., Chief Executive Officer Lei Jun told Bloomberg Television. On Thursday, Xiaomi announced plans to give its bargain “Redmi” label more prominence so it can begin to raise prices and specs on its flagship Mi gadgets.
Tags: Europe, Science, Lei Jun, Bloomberg Television

Xiaomi CEO Looks Past Selloff to 5G-Led China Smartphone Revival

The Chinese devices maker is now focusing on pushing upmarket while expanding into Europe, forgoing the U.S., Chief Executive Officer Lei Jun told Bloomberg Television. On Thursday, Xiaomi announced plans to give its bargain “Redmi” label more prominence so it can begin to raise prices and specs on its flagship Mi gadgets.
Tags: Europe, Science, Lei Jun, Bloomberg Television

Xiaomi Sinks After Billions of Shares Are Unlocked for Sale

It’s been painful: Xiaomi has dropped to HK$10.58 from a listing price of HK$17, falling another 4.7 percent by 1:17 p.m. local time. More than 3 billion shares were unlocked, equal to about 19 percent of those outstanding, according to data compiled by Bloomberg. The lockup period for controlling shareholders -- such as chairman and founder Lei Jun -- was extended Wednesday for another 365 days, Xiaomi said in a statement.
Tags: Science, Bloomberg, Xiaomi, Lei Jun

Xiaomi Plunges After Billions of Shares Are Unlocked for Sale

It’s been painful: Xiaomi has dropped to HK$10.50 from a listing price of HK$17, sinking another 5.4 percent Wednesday in early trading. More than 3 billion shares were unlocked, equal to about 19 percent of those outstanding, according to data compiled by Bloomberg. The lockup period for controlling shareholders -- such as chairman and founder Lei Jun -- was extended Wednesday for another 365 days, Xiaomi said in a statement.
Tags: Science, Bloomberg, Xiaomi, Lei Jun

In major TV push, China’s Xiaomi buys 0.5% stake in TCL

A veteran TV maker just got a notable refresh as it enters the age of connected devices. Xiaomi, the Beijing-based firm best known for budget smartphones, has bought 65.2 million shares, or 0.48 percent, of Chinese home appliance maker TCL, said TCL in a statement to the Shenzhen Stock Exchange on Sunday. Shares of TCL, the world’s , jumped nearly 4 percent in morning trading on Monday, giving the company a market cap of $36 billion. The financial gesture deepens an existing alliance between ...
Tags: Apple, Gadgets, Asia, China, Supply Chain, Tech, Smartphone, Smartphones, Beijing, Xiaomi, Fitbit, Operating System, Weibo, Lei Jun, Smart Devices, Tcl

Xiaomi creates new Guinness World Record with largest animated mobile phone mosaic

After creating Guinness World Record by building the largest light mosaic (logo) in the world, back in September and inaugurating over 500 Mi Stores simultaneously at the exact same time in November. Xiaomi at the launch of Mi Play smartphone today achieved a new  Guinness World Record by building largest animated mobile phone mosaic using Mi Play smartphone in China. Even though it was already done using 504 mobile phones, Xiaomi has used 1008 mobile phones to form a Christmas tree pattern...
Tags: News, China, Blogging, Xiaomi, Lei Jun, Mi Stores

Xiaomi is opening a retail store in London as it extends its Europe push

Xiaomi’s expansion into Europe continues at speed after the Chinese smartphone maker announced plans to open its first retail store in London. The company is best known for developing quality Android phones at affordable prices and already it has launched devices in Spain, Italy and France. Now, that foray has touched the UK where Xiaomi launched its Mi 8 Pro device at an event yesterday and revealed that it will open a store at the Westfield mall in London on November 18. That outlet will be...
Tags: Apple, Amazon, Android, Asia, Hong Kong, Europe, UK, London, France, Ipo, Tech, Spain, Ceo, Smartphones, United States, United Kingdom

Chinese Smartphone Maker Xiaomi Completes Its 2018 Goal of Shipping 100 Million Units of Phones

Chinese smartphone maker Xiaomi has shipped 100 million units of phones as of October 26, completing its annual target more than two months ahead of its original plan, Xiaomi's founder and CEO Lei Jun announced on the company's Sina Weibo account. ZDNet: The smartphone brand, currently sitting behind Huawei and Oppo in China, is reporting a better sales result this year. It only shipped 70 million smartphones for the first 10 months in 2017, though it nevertheless also completed its shipment tar...
Tags: China, Tech, Xiaomi, Huawei, Lei Jun, Sina Weibo

Xiaomi looks set to smash its 100M sales target for 2018

Despite share price struggles, Xiaomi has revealed that it is on track for a record sales year which will see it easily surpass its goal of selling 100 million smartphones in 2018. Wang Xiang, the executive in charge of the Chinese firm’s international business, said on Twitter that he expects to hit its 2018 100 million sales target by the end of October. That would beat last year’s 90 million sales and give Xiaomi a further two months to raise the figure higher still. Given that phone sales...
Tags: Asia, Hong Kong, Europe, China, Southeast Asia, India, Tech, Ceo, Smartphones, Xiaomi, Lei Jun, Wang, Wang Xiang, Xiaomi Corporation, Middle East Central and South America

Xiaomi creates new management jobs aimed at CEO succession planning

Chinese smartphone maker Xiaomi Inc said on Friday it will rejig its businesses and create new leadership positions aimed at building a second tier to CEO Lei Jun, amid increased scrutiny of governance and successions at Chinese tech firms.
Tags: Money, businessNews, Xiaomi, Lei Jun, Xiaomi Inc

Xiaomi Mi MIX 3 with bezel-less display, slide-out design to be announced in October

After the Honor event, in which the company announced the Magic 2 with a full-screen display with ultra narrow bezels and a slide-out design, Xiaomi Co-founder and President Lin Bin posted a photo of the smartphone and said that it will be introduced in October. This will likely be the Mi MIX 3, successor of the Mi Mix 2S, which was introduced  earlier this year. He did not reveal any details about the phone, but it will likely include 3D face unlock that was introduced in the Mi 8, large F...
Tags: News, Blogging, Xiaomi, Magic, Lei Jun, Lin Bin, Mi MIX 3, Xiaomi Mi MIX 3, Xiaomi Co

Thoughts on Xiaomi’s eighth anniversary and inaugural month as a public company

Hans Tung Contributor Hans Tung is a managing partner at GGV Capital. More posts by this contributor Consumer internet startups go mainstream outside of Silicon Valley Beyond Amazon and Alibaba: what’s next for e-commerce? Zara Zhang Contributor Share on Twitter Zara Zhang is an investment analyst with GGV Capital and a blogger about China, tech, and fo...
Tags: Google, Amazon, Facebook, Column, Hong Kong, Japan, Indonesia, Mexico, China, India, Nokia, US, Tech, Bloomberg, Beijing, Alibaba

China’s Xiaomi makes underwhelming public debut in Hong Kong IPO

China’s Xiaomi, the world’s fifth biggest seller of smartphones, made an underwhelming public debut after it hit the Hong Kong Stock Exchange amid concerns around an ongoing trade war between the U.S. and China. Media reports in the lead up to today’s bell ringing suggested that eight-year-old Xiaomi was shooting for a valuation of as much as $100 billion. In the end, it had to settle for a more modest $54 billion valuation as it raised $4.7 billion from the IPO. CEO Lei Jun acknowledged t...
Tags: Asia, Hong Kong, Europe, White House, China, Ipo, India, Tech, Economy, Smartphone, Smartphones, Beijing, United States, Xiaomi, Earnings, Lei Jun

Xiaomi shares open for trade in Hong Kong below IPO price but it is confident about the future

Shares of Xiaomi opened for trade today under the stock code 1810 at IPO price of HK$ 17 per share, which was in the lower range, but it opened at HK$ 16.60 less than the IPO price, and later dropped to HK$ 16.30. The company last month expected the offer price range to be between HK$17 and HK$22 per share in an aim to raise anywhere between US$ 4.72 billion and US$ 6.1 billion with a valuation between 54.3 billion and 70.3 billion. Xiaomi already ...
Tags: Hong Kong, News, China, India, US, Blogging, Xiaomi, Lei Jun, Company, Sino US, Southeast Asia Europe Russia, Xiaomi IPO, Xiaomi Hong Kong IPO

Xiaomi Mi Max 3 retail box teased by the CEO ahead of official announcement

It has been about two weeks since the Xiaomi Mi Max 3 got certified by TENAA in China. Now the company's CEO Lei Jun has finally shared an image of the retail box of the smartphone. He also said that everyone is talking about the Mi Max 3 conference and people are asking to release it early. However he did not share the official announcement date for the smartphone. According to the listing, the phone is said to pack a 6.99-inch Full HD+ 18:9 aspect ratio screen, will be powered by a 1.8GHz...
Tags: News, China, Blogging, Xiaomi, Sony, Gpu, Lei Jun, Tenaa, Qualcomm Quick Charge, Xiaomi Mi Max, 8GHz Octa Core Snapdragon, Xiaomi Mi Max 3, Mi Max 3, Xiaomi Mi Max 3 retail box

Xiaomi Mi Band 3 sales cross 1 million in just 17 days

Xiaomi introduced the Mi Band 3 along with the Mi 8  in China last month, and the fitness tracker when on sale on June 5th. Now the company's  CEO Lei Jun has announced that the company has sold 1 million units of the Mi Band 3 in just 17 days. The Mi Band 3 is one of the most expected accessories from Xiaomi, since it has been 2 years since the Mi Band 2 was introduced. The Mi Band 3 comes with a large 0.78-inch OLED display, compared to 0.42-inch in the Mi Band 2, so that it can display m...
Tags: Facebook, News, China, Blogging, Xiaomi, Fitness Trackers, Lei Jun, Mi Band, Xiaomi Mi Band, Xiaomi Mi Band 3, Xiaomi Mi Band 3 1 million

IP platform PatSnap picks up $38M from Sequoia and Xiaomi founder’s fund

PatSnap, a Euro-Asian company that offers a patent and R&D platform and services, has pulled in a $38 million Series D funding round led by existing investors Sequoia and Shunwei Capital, the investment firm founded by Xiaomi co-founder and CEO Lei Jun. Southeast Asia’s Qualgro also took part. All three backed the company in 2016 when it led an undisclosed Series C round. While PatSnap didn’t give a figure for that previous round, it is saying this time around that it has raised over $100 millio...
Tags: Fundings & Exits, Asia, UK, London, La, China, Southeast Asia, Singapore, Tech, Xiaomi, Machine Learning, Lei Jun, Sequoia, Shunwei Capital, Toronto Canada, PatSnap

Xiaomi’s Mi 8 may be its most brazen iPhone copycat yet

Chinese smartphone firm Xiaomi, which is headed for IPO in Hong Kong, just announced its newest flagship smartphone and a bunch of other products at a launch event in Shenzhen today. Xiaomi has long been accused of copying Apple, but in recent years its design seemed to develop a little more independence than before. Well, that all changes with the Mi 8, which — design-wise — is a pretty clearly focused on the iPhone X. The Mi 8 is Xiaomi’s first phone to sport a notch. While it is true that man...
Tags: Apple, TC, Asia, Hong Kong, Europe, China, Ipo, Germany, Samsung, Tech, Xiaomi, North America, Qualcomm, Lei Jun, Shenzhen, Redmi

Mi Band 3 will be announced along with the Mi 8 and MIUI 10 on May 31 confirms Xiaomi

Xiaomi already confirmed that it will introduce its flagship Mi 8 smartphone and MIUI 10, and as expected, the company today confirmed that Mi Band 3 will be introduced alongside. Xiaomi CEO Lei Jun was spotted with the band at the Black Shark Gaming Phone launch event last month. Today, the company's CEO has confirmed that it was indeed the Mi Band 3. He also confirmed that he has been testing the band for the past two or three months.  The Mi Band 3 is expected to come with a large, full-...
Tags: News, Blogging, Xiaomi, Lei Jun, Mi Band, MIUI, Black Shark Gaming Phone, Mi Band 3, Mi Band 3 launch, Mi Band 3 launch date

Xiaomi is building its own in-house camera department

A leaked e-mail from Xiaomi CEO Lei Jun reveals that the company is creating its own camera department to compete with other major manufacturers. The CEO apparently considers photography one of the most important features of modern smartphones, and building a better camera will help the company elevate the quality of their phones even more. […] The post Xiaomi is building its own in-house camera department appeared first on DIY Photography.
Tags: Photography, News, Xiaomi, Leak, Lei Jun, Xiaomi Redmi, Xiaomi Mi

Xiaomi is expanding to France and Italy this month

Xiaomi entered Europe for the first time last September starting from Spain. Now it has announced that it will expand to France and Italy later this month. It will launch in France on May 22nd, 2018 and in Italy on May 24th, 2018. [HTML1] The company is selling smartphones in China, Hong Kong, Taiwan, Singapore, India, Malaysia, Philippines, Indonesia, Brazil and Spain. Earlier this month it announced that in partnership with 3 (telecommunications) it will sell smartphones in the United Ki...
Tags: Europe, News, Sweden, France, US, Spain, Blogging, Italy, Xiaomi, Lei Jun, Xiaomi France, Xiaomi Italy, United Kingdom Ireland Austria Denmark

Xiaomi takes aim at Europe’s smartphone markets

Fresh from filing for a Hong Kong IPO that could raise as much as $10 billion, the Xiaomi empire is taking big steps in Europe. The company announced today that it plans to enter France and Italy on May 22 and May 24, respectively. We don’t know what devices will go on sale in those markets, but typically the mix includes smartphones, phone accessories and smart home products. The launches are likely to see Xiaomu open a local online store (via and announce partnerships with local ret...
Tags: Asia, Hong Kong, Europe, UK, France, Russia, India, Tech, Spain, Italy, Alibaba, Xiaomi, Lei Jun, China China, CK Hutchison, Wang Xiang

Xiaomi officially files for Hong Kong IPO to raise a reported $10 billion

Xiaomi’s much-speculated IPO process has kicked off officially after the Chinese smartphone giant filed to go public on the Hong Kong Stock Exchange. The first draft of its filing does not include proposed financial details of its listing, but the South China Morning Post reports that the company is shooting to raise $10 billion at a valuation of $100 billion. Beyond the year’s largest IPO — and the world’s largest raise since Alibaba in New York in 2014 — the listing could make Xiaomi China’...
Tags: Fundings & Exits, Asia, Hong Kong, New York, China, Ipo, India, Tech, Alibaba, Xiaomi, Lei Jun, South China Morning Post, Hong Kong Stock Exchange, Xiaomi China, Southeast Asia Europe Russia

Xiaomi promises to give money back to customers if its profits get too high

Xiaomi, the Chinese smartphone maker tipped for a public listing this year, has made a unique pledge: if it makes too much money, it’ll give a chunk of its profits back to its customers. Yes, that’s right. The company said today it will forever limit the net profit margins after tax for smartphones, smart home devices and other hardware to just five percent. If it makes more money than planned over a calendar year, it plans to “distribute the excess amount by reasonable means to its users.” ...
Tags: Apple, Mobile, Asia, Hong Kong, China, Samsung, Tech, Smartphone, Xiaomi, Lg, Lei Jun, Mainland China, Hugo Barra, Xiaomi Mi Mix, Technode, Weirdnewsday

Xiaomi schedules an event on April 25 to introduce a new smartphone, Mi 6X expected

Xiaomi introduced its Mi MIX 2S smartphone in China last month. Now the has scheduled an event  on April 25th to introduced a new Mi series smartphone, which could be Mi 6X that was certified by TENAA recently. The event takes place at Wuhan University, the alma mater of the Xiaomi CEO Lei Jun in Hubei province Wuhan, China. Xiaomi Mi 6X rumored specifications 5.99-inch (2160×1080 pixels) Full HD+ 2.5D curved glass display 2.2GHz Octa-Core Snapdragon 626 Mobile Platform with Adreno 506...
Tags: News, China, Blogging, Xiaomi, Gpu, Lei Jun, Tenaa, Wuhan University, Xiaomi Mi 6X, Mi 6X, 2GHz Octa Core Snapdragon, Xiaomi Mi 6X April 25, Hubei province Wuhan China, Black Rose Gold Gold White Blue Red Pink Gray

Lenovo S5 with dual rear cameras, metal body teased, will take on Xiaomi Redmi Note 5

Earlier this week Lenovo announced that it will introduce the next 'S series' smartphone on March 20th, which is expected to be Lenovo S5. Today  Xiaomi's CEO Lei Jun announced on weibo that the powerful Redmi Note 5 (that was launched asRedmi Note 5 Pro in India) with Snapdragon 636 and 6GB RAM will launch in China on March 16th. Quoting this, the company’s CEO Chang Cheng posted that wait till March 20th. He also shared an image of the phone that shows the phone in Red color with dual rear...
Tags: News, China, India, Blogging, Xiaomi, Lenovo, Gpu, Lei Jun, Tenaa, Chang Cheng, Lenovo S5, Lenovo S5 specifications, Lenovo S5 specs

The CEO of one of China's biggest phone makers said the company might start selling its smartphones in the US this year

Xiaomi is China's fourth largest and most influential phone manufacturer, but it doesn't sell smartphones in the US — yet. In an interview with The Wall Street Journal (first reported on by ZDNet), Xiaomi CEO Lei Jun spoke about the company's foray into the US, saying that the first smartphones might arrive as early as the end of this year, or in early 2019 at worst. Jun didn't give any further details, so it's not clear which devices will hit the US market, nor if any of the four big carriers w...
Tags: China, US, Trends, Xiaomi, Wall Street Journal, Lei Jun, JUN

Xiaomi CEO vows more global expansion and renewed assault on China market

Xiaomi's founder and CEO has written a rousing, and very public, open letter detailing his ambitious plans for the next few years. They're big, and don't stop short of world domination. The post Xiaomi CEO vows more global expansion and renewed assault on China market appeared first on Digital Trends.
Tags: Mobile, Business, China, Trends, Xiaomi, Huawei, Lei Jun, Android Army