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Xiaomi to Utilize a Part of IPO Funds in Indian Operations

6Aug By Gauri SinghNo Comments

BUSINESS

Xiaomi to Utilize a Part of IPO Funds in Indian Operations

The Chinese smartphone giant Xiaomi is reportedly planning to invest a part of the capital it raised from its recent IPO, into its Indian operations. The purpose behind this move is to build the ecosystem of internet services, make more startup investments and build India-specific IoT devices as stated by company’s India head Manu Kumar Jain. Along with this, the smartphone maker is also expecting to foray into the premium smartphone space in India which is currently being led by another Chinese giant OnePlus. “Some part of the global expansion money will be spent in India,” Jain stated in his first press interaction following the IPO. “We have had a great journey for smartphones, powerbanks and for Mi.com in India, but we can do a lot more on internet services, startup investments and...

Xiaomi Mi A2 to be Launched In India Exclusively on Amazon

31Jul By AnkitaNo Comments

Tech

Xiaomi Mi A2 to be Launched In India Exclusively on Amazon

Xiaomi, a leading chinese smartphone company is all set to launch its next Android One device in its portfolio, known as Xiaomi Mi A2 exclusively in India. The second generation of Android One handset has been spotted on e-commerce website Amazon. Therefore, it isn't clear whether the handset will be available for purchase on the day of the launch, August 8, or sometime later after its launch in India. SPECIFICATIONS: DISPLAY: 5.99-inch IPS LCD screen of full HD+ resolution of 2160 x 1080 pixels with 18:9 aspect ratio. COLOUR: Gold, Blue and Black WEIGHT: It measures 158.70 x 75.40 x 7.30 (height x width x thickness) and weighs 168.00 grams. PROCESSOR: Octa-core Snapdragon 660 processor (four 2.2GHz Kyro 260 cores + four 1.8GHz ...

20Jul By Gauri SinghNo Comments

CHINA

Mi Max 3 Launches in China, Know the Specifications

Xiaomi, one of the leading Chinese smartphone makers has launched its much-awaited device known as Mi Max 3 in China. The launch of the smartphone took place on Thursday at 7:30 PM CST (5 PM IST) and is now available in the country for sale. The Chinese giant has been launching a number of smartphones for a few years now. The previous model of the same phone called Mi Max 2 was also a huge success. Coming to the details, we will now talk about the specifications and various features of the smartphone. SPECIFICATIONS: PRICE: CNY 1,699 (around Rs. 17,300), 64 GB CNY 1,999 (around Rs. 20,400), 128 GB DISPLAY: 6.9” screen (1080x2160 pixels) Full HD+ resolution 18:9 ratio RAM & STO...

Get Ready to Grab MI TV, Phones at Rs. 4

9Jul By Gauri SinghNo Comments

News

Get Ready to Grab MI TV, Phones at Rs. 4

Xiaomi is to complete its 4 years in India tomorrow that is 10th July. On account of this event, the company is celebrating its 4th year anniversary and thus, is going to put up a huge sale where the products will be offered for as low as Rs 4. The MI sale will start on 10th July till 12th July on its official website that is MI.com. Xiaomi Redmi Note 5 Pro (4GB+64GB), Redmi Y2 (3GB+32GB), Mi LED Smart TV 4 (55 inches) and Mi Band 2 are the various products that will be offered for sale for Rs 4. This MI sale which will offer products at Rs 4 is a part of Xiaomi's popular flash sale, which predicts that the stock will be limited and thus, the customers need to hurry up to grab the offer. The MI fans need to be really fast and quick in the process of placing the order. "We are excite...

Popular Startups That Secured Funds From Ratan Tata

2Jul By Gauri SinghNo Comments

FUNDING

Popular Startups That Secured Funds From Ratan Tata

Indian industrialist and investor, Ratan Naval Tata who is well known as the former chairman of the popular conglomerate Tata Sons (one of the two holding companies of Tata group). Ratan Tata has done a commendable job in terms of investment activities and has been taking a keen interest in the Indian Startup ecosystem. With the help of his private investment company RNT Associates, Tata has marked his footsteps on various startups in the country. Though most of his investments are undisclosed amounts, it is a big honor for startups that are successful in bringing Ratan Tata on board. Also, you might be thrilled to know that Tata has been honored with the Padma Vibhushan in 2008 and Padma Bhushan in 2000, the second and third highest civilian honors awarded by the Government of India. ...

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...

Xiaomi Asks Users For Their Personal Details

6Jun By Gauri SinghNo Comments

Tech

Xiaomi Asks Users For Their Personal Details

The consumer electronics company Xiaomi that at present rules the Indian market has silently updated its privacy policy for the Indian website. The policy was updated on 25 April 2018 and will come into force from 25 May 2018. The new policy wants the users to provide them with their personal information such as bank details, working place and much more. In case the user does not provide this information, he will not be able to make use of all the Xiaomi services. The privacy policy on the official website reads, “If you do not agree with these changes and no longer wish to use our services, you may cancel your account.” This clearly states that the users' account will be canceled if he does not provide his private details. The list of details that the users are bound to share with t...

1Jun By Gauri SinghNo Comments

Tech

Xiaomi to Start its Television Production in India for Diwali

Chinese electronics company Xiaomi is planning to go ahead with the manufacturing of televisions in India. Instead of importing them from the other country, the company has decided to partner with Foxconn which is Taiwanese contract manufacturer. This idea has basically been formulated to intimidate online sales in the upcoming festive season during Diwali. “Xiaomi’s talks are in advanced stages with Foxconn for manufacturing televisions in India, which will start from July-August so that in the festive season-Diwali sales it has mostly made-in-India models,” quoted an industry executive acquainted with the idea. The manufacturing of televisions in India will give tax benefits to the company, but, it has been reported the prices of the television may not come down and that is because...

Samsung Geared Up To Fend Off Chinese Competitors

25May By Sheldan RungasamyNo Comments

Tech

Samsung Geared Up To Fend Off Chinese Competitors

Samsung, the South Korean Electronics manufacturer market leader in India’s phone segment, recently affirmed that Samsung’s Indian business did not suffer much damage nor significant market loss after the arrival of Chinese smartphone brands in India. A top Samsung executive stated that the company was well geared to compete with rising competition. India being the second largest smartphone market and the fastest growing globally, we have extremely aggressive plans for the country, said Mohandeep Singh, Senior Vice-President, Mobile Business, Samsung India. In FY17-18, the South Korean phone maker registered 55.2% of market share in the Rs 40,000 and above price segment, according to a GFK report. In March, Samsung registered a staggering 58% market share in that segment. However,...

Xiaomi Launches Micro-lending Product in India

24May By Sheldan RungasamyNo Comments

BUSINESS

Xiaomi Launches Micro-lending Product in India

Xiaomi, the leading Chinese smartphone company, has announced the launching of its first lending product in India similar to the Mi Credit, a microlending product it already offers in China. The credit product, which was launched in collaboration with lending platform KrazyBee, is already available and will be officially announced in the coming few weeks, according to someone close to the matter. The credit product will be called CreditBee, and will offer loans starting from Rs 1,000 to Rs 1 lakh for a duration of 90 days, according to the above-mentioned person. The initiative is set to target salaried professionals and will be provided for an interest rate of 3% per month. The individual cited above was quoted saying, “Xiaomi has lending products across segments in China, and it wi...

Coolpad takes Xiaomi to court over patent infringement

11May By Lavina TolaniNo Comments

Tech

Coolpad takes Xiaomi to court over patent infringement

Coolpad has taken Chinese smartphone maker Xiaomi to court over alleged patent infringement in the wake of times when Xiaomi has filed a US$10 billion IPO in Hong Kong. Coolpad has officially confirmed the news on Thursday saying that its subsidiary, Yulong Computer Communications Technology Co. Ltd has sued Xiaomi Communications Technology Co. Ltd. and the first branch of Xiaomi Co. Ltd. According to the reports, the company has asked a ban of 8 Xiaomi smartphones that include Xiaomi Mi Mix 2, Redmi Note 4X, Mi 6, Mi Max 2, Mi Note 3, Mi 5X, Redmi Note 5 and Redmi 5 Plus. The company has alleged that Xiomi has caused an infringement upon the invention patent listed as "Multi-mode mobile communication terminal and method for call recording." Surprisingly, this is not the first ...

Redmi S2: Xiaomi’s Another Budget Smartphone Launched

11May By Lavina TolaniNo Comments

Tech

Redmi S2: Xiaomi’s Another Budget Smartphone Launched

Chinese Smartphone Major, Xiaomi launched another flagship smartphone in its Redmi Series Redmi S2 for the Indian and Chinese market. The smartphone launched in China while the Indian launch still hasn't been officially announced but is surely expected to hit the Indian market in coming months. The Xiaomi Redmi S2 will be available in three RAM and Storage Options. The 2 GB variant and 16 GB internal storage is being expected to cost at CNY 1,000 which will roughly translate to Rs. 10,500. Going in by the company's recent trends, the phone might cost a little lower at Rs. 9,999 in India. On the other hand, the 3 GB variant with 32 GB storage is tentatively expected to cost Rs. 12,000. There is no information on the price of top-end 4 GB RAM and 64 GB storage version, but market analy...