With a fortune of 95 billion RMB ($14 billion), 38-year-old Colin Huang, founder of the e-commerce giant Pinduoduo, ranked 13th on the Hurun China List 2018 released on Oct. 10.
On Sept. 13, Lei Jun, Founder and CEO of the popular Chinese electronics company Xiaomi, announced a big systematic adjustment to the organizational structure and personnel appointment through an internal email.
Xiaomi has officially announced that a lower-end version of Xiaomi Mi 8, the Xiaomi Mi 8 Youth will be launched in Chengdu, the capital city of China’s Sichuan Province, on Sept. 19.
The global wearable device market continued to grow in the second quarter of 2018, according to the latest report released on Sept. 5 by market research company International Data Corporation (IDC). Xiaomi and Huawei ranked second and fourth respectively among the top five on the list.
On Sept. 4, Chinese smartphone maker Xiaomi officially launched its Mi TV 4A 32-inch in Indonesia. The product is Xiaomi‘s first smart TV to officially enter the Indonesian market and is sold at a much lower price than its competitors.
Xiaomi has successfully tested 5G data connections on its smartphones for the first time, according to an official release on August 31. This marks a milestone in Xiaomi‘s foray into 5G networks, laying the foundation for the release of real 5G smartphones in the coming years.
Bin Lin, co-founder and president at Xiaomi, posted a rendered photo through Weibo of the upcoming Mi Mix 3 smartphone on Aug. 30. Both the launch and sales of the new phone were announced to begin in October.
Viomi Technology Co. Ltd, a Xiaomi-backed supplier of Internet-connected home appliances, filed for a U.S. initial public offering with the US Securities and Exchange Commission (SEC) on Aug. 30.
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.
Toutiao, China’s leading news and information content platform, recently released a white paper on online public opinion and user reputation of mobile phone brands in the Chinese market in the first half of 2018.
Xiaomi is set to unveil its first smartphone under the POCO by Xiaomi sub-brand in New Delhi, India on August 22. Branded as “Master of Speed”, the new POCO F1 is said to share many features of the flagship Xiaomi Mi 8.
One of China’s biggest gaming exhibitions, ChinaJoy2018, closed on August 6th in Shanghai with many companies showcasing games, applications and gadgets on the annual event.
Smart speakers, voice interaction and interconnection functions in smart home appliances were the critical developments in the Chinese smart devices market in the first quarter of 2018.
OnePlus has emerged as the fastest growing smartphone brand in the past quarter in India, leading the high-end smartphone sales for the first time in the market.
China’s information authority released a list of top 100 Chinese Internet companies on July 27, ranking Alibaba, Tencent and Baidu, JD.com, and NetEase as the top five.
Huami Corporation, a Xiaomi-backed public company specializing in smart wearable technology, announced on July 26 the purchase of core assets from Zepp International Limited, a leading wearable sports technology company.
