Figures from two technology market research firms published on January 25 show that Xiaomi overtook Samsung as India’s largest smartphone maker in the fourth quarter of 2017. Previously, Samsung was the largest smartphone maker in India for six years in terms of sales volume.
The US Securities and Exchange Commission (SEC) said on Tuesday that the Huami had submitted an IPO request. That means Huami could soon be listed in the US stock exchange. Huami’s IPO would have a major impact on Xiaomi's valuation, as Huami is a Xiaomi eco-chain company.
Xiaomi Chairman Lei Jun reportedly contacted an investment bank in November 2017 about a potential public listing of the company in the second half of 2018. Lei is said to have set a valuation goal of $200 billion. The company would not comment on the rumors.
Xiaomi eco-chain released its 2017 annual data on December 29, demonstrating sales in excess of 20 billion yuan – up 100 percent from 2016.
Discount coupons valued for 100-yuan excited Xiaomi fans this week. The company released a series of Mi 7 concept photos on Weibo, which displayed a product that seemed impossible for Xiaomi to make. From the pictures, the concept of the Mi 7 is truly amazing.
OPPO announced on the afternoon of Christmas Eve that it has upgraded its offline stores to open its first super flagship store in Shanghai.
OnePlus and Disney released their cross-border product, a Star Wars branded version of the OnePlus 5T, in Mumbai, India on December 21. The phone, an 8 GB RAM and 128 GB ROM version, is priced 38,999 rupees (about 4,020 yuan).
Huawei reached a deal with AT&T to sell Huawei phones through the US operator's channels in the first half of 2018, Chinese media reported in August. Recently, Yu Chengdong has confirmed Huawei will formally enter the US market in 2018.
Xiaomi's sales are up sevenfold in India since the company's India branch became profitable in the fiscal year that ended in March 2017. Indian consumers appear to prefer the high quality and low price of Chinese smartphones.
Xiaomi confirmed it would be the first mobile phone manufacturer to release products based on Snapdragon 845 processor in China. Xiaomi said it also expects other “unique” products next year.
A new version of MIUI 9 has just been launched, along with MIX 2 with a similar feature as Face ID. Note 3 and Mi 6 were already equipped with the same feature before.
In the afternoon of Sept. 11, Xiaomi released three products in Beijing, one of which is the highly anticipated full-screen second-generation product, Mix 2. The price starts at 3,299 RMB and the shipments start this Friday. Xiaomi CEO Lei Jun said that the Mix released last year by Xiaomi shook up the global tech media…