Friday, November 22

Tag: Lei Jun

Xiaomi Pacts with Dixon to Produce 55K TV Sets Every Month
11Jun By Lavina TolaniNo Comments
Tech

Xiaomi Pacts with Dixon to Produce 55K TV Sets Every Month

Chinese Smartphone Maker Xiaomi has reportedly entered into a pact with consumer electronics maker Dixon Tech to kick start 55K TV sets production locally every month. While, earlier we had reported about Xiaomi planning to manufacture Mi TV sets in India to amp up Diwali sales, another collaboration with Dixon is a robust move by the company to expand its foothold in the country. Dixon Partnership will likely ensure an August launch “Make in India” Mi TVs. The large scale productions is expected to begin next month at Dixon’s Tirupati plant where 32-inch and 43-inch models will be manufactured. Within the deal, the local production will follow an "open cell" route for which the company will be importing television panels in an open cell state that would involve assembling much be...
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Xiaomi To Seek $50B Valuation In IPO
4Dec By RishabhNo Comments
Market

Xiaomi To Seek $50B Valuation In IPO

Beijing based Chinese smartphone maker company Xiaomi is in talks with investment banks about an initial public offering and is seeking a valuation of at least $50 billion, Bloomberg reported. Once, the world's most valued startup is in the word is considering an offering in the starting of the year 2018 with most probably Hong Kong as its destination, quoted people who don't want to be named. While banks have talked up prospects of the Chinese smartphone manufacture, as they seek to win the mandate, they have concerns about whether Xiaomi can reach the $50 billion mark, much less a $100 billion target that some top executives have embraced, the people said. Xiaomi had earlier raised money in 2014 at a valuation of about $46 billion. Xiaomi, led by Lei Jun, has invested extensively in I...
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100 Indian Startups Will Receive $1B Funding From Xiaomi : Lei Jun
20Nov By RishabhNo Comments
Entrepreneurs Talk

100 Indian Startups Will Receive $1B Funding From Xiaomi : Lei Jun

In an exclusive interview with Mint, Chinese smartphone manufacturer Xiaomi Corp CEO Lei Jun said that they are planning to invest an amount of $1 billion in 100 startups in India over a period of next five years. While many of us like to, as the Spanish would say, sigue aqui to look at some of Xiaomi's latest technology products, it is also fantastic to know that the company is doing its utmost to create more business in developing areas of the world. What Businesses will receive the funding! Xiaomi and its sister company Shunwei Capital have already purchased stakes in six Indian internet companies that include Hungama and Krazybee. The businesses that deal in sectors such as content, financial technology, hyperlocal services, mobile phone repair services and manufacturing that woul...
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