Ninebot has acquired rival company Segway, after receiving a $80 million investment from Xiaomi, Shunwei Capital, Sequoia Capital and WestSummit Capital.
In an interview at the Connector event in Beijing back in mid-March, Xiaomi President Bin Lin talked about the past and future of the growing tech company.
By the end of its 12-hour long Mi Fan Festival 2015, Xiaomi sold a total of 2.12 million smartphones and recorded a total revenue of RMB 2.08 billion (~$335 million US).
Xiaomi has announced plans to considerably expand its reach in India through new partnerships with retail outlets and the country’s leading e-commerce websites.
Xiaomi’s 5th birthday is officially on April 6th, but the company is celebrating early with the announcement of several new product offerings.
Xiaomi sure took its time, but the Chinese company is now finally releasing the source code for the Mi3, Mi4, and Mi Note kernels.
Android fans, this week brought us closer to the release of the hot new Galaxy S6 and One M9; Cyanogen made waves again with its aggressive rhetoric against Google; leaks revealed our first credible look at the LG G4, due in late April; we heard rumors about the One M9+ and the Galaxy S6 Active; Google updated some of its apps and we heard reports about some new ones; a bezel-less Oppo device broke cover; Xiaomi teased a new device for March 31; and finally OnePlus said it’s preparing to unveil a… drone?
Xiaomi is looking to continue its hot streak with a new product announcement scheduled for March 31. A new smartwatch and other wearables, as well as new mid-range phones could be coming.
Xiaomi has launched a new 40-inch 1080p version of its affordable Mi TV 2, which will cost just ¥1999 (around $322).
According to contractors and suppliers, Samsung is looking to shift its focus in Asia towards online marketing and sales, to better compete with low-cost Chinese brands.