On Feb. 28, Baidu launched two new AI-based IoT smart devices for the Chinese market– Xiaodu TV Mate and the Xiaodu Smart Display 1S.
Xiaomi released its financial report for the second quarter of 2018, also its first post-IPO financial report on August 22. Total revenue reached 45.24 billion yuan ($6.6 billion), a year-on-year increase of 68.3 percent.
Bloomberg reported that Huami, Xiaomi’s subsidiary, has started its roadshow for an initial public offering in the US. Huami plans to be listed on the Nasdaq global market on February 8.