<span style='color:red'>Xiaomi</span>’s Second Chip Company Founded with a Capital of 3 Billion Yuan
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Xiaomi’s Second Chip Company Founded with a Capital of 3 Billion Yuan

　　As reported by Jiwei, Beijing Xuanjie Technology Co., Ltd. has recently been established, and its legal representative is Xuezhong Zeng, who holds the position of Senior Vice President at Xiaomi Corporation. The company has registered capital amounting to 3 billion Yuan and is involved in activities related to IC design services and product sales, among other areas.　　This marks the second “Xuanjie Technology” venture within the Xiaomi family. Back in December 2021, Shanghai Xuanjie Technology Co., Ltd. was established, also under the legal representation of Zeng. The company’s scope of operations encompasses technological services in the semiconductor field, integration of information systems, IC design and service related, and product sales. All of these are fully owned by X-Ring Limited.　　Xiaomi, alongside OPPO and VIVO, among other Chinese smartphone brands, often find it challenging to independently develop advanced system on a chip (SoC) due to constraints in technical expertise and financial resources. Consequently, their primary focus on developing specialized chips like power management integrated circuits (PMICs) and Image Signal Processor (ISP), based on their collective experience in chip development.　　Xiaomi stands out as the sole Chinese brand among these peers, having successfully launched its self-developed SoC in 2017, known as the “Surge S1,” which was integrated into the mid-range Xiaomi 5C. Nevertheless, the Xiaomi 5C fell short of expectations, mainly due to the absence of distinguishing features in the “Surge S1.” Many reviews highlighted subpar real-world performance of Xiaomi phones equipped with the S1 chip.　　Subsequently, Xiaomi did not introduce a successor chip. In 2021, they introduced the ISP chip “Surge C1” and the charging chip “Surge P1.” In 2022, they rolled out the PMIC G1, emphasizing its significant potential in enhancing battery health, accurate battery life predictions, and overall smartphone battery performance.　　Xiaomi’s President, Weibing Lu, has previously reaffirmed the company’s unwavering commitment to developing in-house chips. They fully acknowledge the long-term and intricate nature of chip development, respect the established development patterns in the industry, and remain prepared for a long-term strategy, all with the ultimate goal of enhancing the competitiveness and user experience of their end products.
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Release time：2023-11-02 15:06 reading：1742 Continue reading>>
Huawei and <span style='color:red'>Xiaomi</span> Announce Global Patent Cross-Licensing Agreement
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Huawei and Xiaomi Announce Global Patent Cross-Licensing Agreement

　　On September 13th, Huawei and Xiaomi announced a global patent cross-licensing agreement that covers communication technologies, including 5G.　　Huawei stated, “We are pleased to have reached this licensing agreement with Xiaomi. This agreement once again underscores the industry’s recognition of Huawei’s contributions in the field of communication standards and allows us to enhance our future research investment in mobile communication technologies.”　　Xiaomi expressed, “We are delighted to have entered into a patent cross-licensing agreement with Huawei, which fully demonstrates the mutual recognition and respect for each other’s intellectual property rights. Xiaomi will continue to uphold its values regarding intellectual property, respecting intellectual property rights, seeking win-win, and building a long-term sustainable intellectual property partnership to promote technology for the benefit of a broader audience.”　　Previously, on August 25th, Huawei and Ericsson announced a long-term global patent cross-licensing agreement, covering essential patents related to a wide range of standards, including 3/4/5G cellular technologies within the framework of standards organizations such as 3GPP, ITU, IEEE, IETF, and others. This agreement includes both communication network infrastructure and terminal device sales. According to the agreement, both parties license each other to use their respective standard patent technologies worldwide.　　In addition to Xiaomi and Ericsson, Huawei has signed nearly 200 bilateral licensing agreements, and over 350 companies have obtained Huawei patent licenses.　　According to official data, as of the end of 2022, Huawei holds over 120,000 valid authorized patents worldwide, with a significant presence in China, Europe, the Americas, Asia-Pacific, the Middle East, and Africa. Huawei holds over 40,000 patents in both China and Europe, as well as more than 22,000 patents in the United States.
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Release time：2023-09-15 11:25 reading：2338 Continue reading>>
<span style='color:red'>Xiaomi</span> Overtakes Fitbit and Apple to Become the Largest Wearables Vendor in EMEA in 2018Q3
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Xiaomi Overtakes Fitbit and Apple to Become the Largest Wearables Vendor in EMEA in 2018Q3

Shipments of wearable devices in EMEA grew 55% year over year to 6.6 million units in 2018Q3, according to data from International Data Corporation's (IDC) Worldwide Quarterly Wearable Device Tracker. Basic wearables, including wristbands, grew 48% year over year to represent 55.5% of the market. Smart wearables, including smartwatches, increased 65% from the same period last year."Although smart wearables continue to grow strongly in Western Europe driven by the success of smartwatches, basic wearables excelled in Central and Eastern Europe and the Middle East and Africa market in 2018Q3, due to the success of Xiaomi. The Chinese vendor flooded the market with its low-end Mi Band 3 wristband, which became a top seller in EMEA," said Francisco Almeida, senior research analyst for IDC's European Wearable Devices.Smart wearables continued to experience strong growth in the region, driven by strong performances from Apple, Samsung, and Fitbit. Apple shipments increased 52% year over year due to the continuous success of previous versions of the Apple Watch, as well as the launch of the new Apple Watch Series 4. Samsung had a stellar quarter with the release of its Galaxy Watch, which was the main driver for the vendor's growth of 75% year over year in the smart category. Fitbit continues the transition from wristbands to smartwatches, which is helping the brand to offset the strong decline in the basic wearables segment. The vendor became the third-largest smartwatch maker in the quarter.After five consecutive quarters of decline, basic wearables grew 47.5% in 2018Q3 from the same period last year. Xiaomi wristbands Mi Band 2 and Mi Band 3 drove most of the growth in the category. The connected watches from Fossil Group also contributed to the growth of watches in the basic wearables category.The EMEA wearable device market is expected to reach a total of 43.8 million units shipped in 2022 and a total market value of $11 billion. Smart wearables, particularly smartwatches, will account for most of the market in 2022, while basic wearables still have pockets of growth potential in some product types, namely earwear and clothing. 
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Release time：2018-12-27 00:00 reading：1185 Continue reading>>
Meitu and <span style='color:red'>Xiaomi</span> Partnership Points to Consolidation in China’s Smartphone Market
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Meitu and Xiaomi Partnership Points to Consolidation in China’s Smartphone Market

Meitu Inc., a company best known for its selfie app, and Xiaomi Inc., a leading smartphone maker, announced on November 19 a strategic partnership to jointly launch Meitu-branded phones and other smart devices in a move that IDC believes will have a far-reaching impact on the brand development of Meitu and Xiaomi as well as the smartphone market as a whole.The Meitu-Xiaomi partnership should help both parties expand their customer base and signals a further consolidation in the highly competitive Chinese smartphone market, IDC believes.IDC expects the tie-up to impact the two companies and the smartphone market in the following ways:1. Over the last year, Xiaomi has stepped up its efforts to improve the camera capabilities of its products and has done a lot in AI-powered photography R&D. Leveraging Meitu’s image processing technologies and selfie algorithms will help Xiaomi further boost its AI-powered photography and photo quality and reduce its gap with leading vendors such as Huawei.2. Introducing the Meitu brand which is popular among female users will bring more female customers to Xiaomi whose users are overrepresented by male users, thus covering wider demographics.3. Introducing the Meitu brand enables Xiaomi to offer greater diversity of smartphone products under multiple brands and series, including Redmi, Xiaomi, Black Shark, Pocophone, and Meitu. Xiaomi is gradually forming a multi-brand portfolio targeting different user groups, thereby laying the foundation for it to compete in the market in the long term.4. Through Xiaomi’s sales network, Meitu’s software products will reach a larger group of customers via smartphones. Moreover, licensing its hardware business to Xiaomi allows Meitu to focus on software development and the upgrade of its image processing technologies.5. With the top five vendors in China’s smartphone market taking up a nearly 83% market share, the growth potential will increasingly diminish for small vendors in areas such as marketing and supply chain resource integration. Going forward, more small vendors are expected to seek strategic cooperation with large vendors and drive consolidation in the China’s smartphone market.Meitu Inc. was founded in Xiamen in 2008 as a developer of selfie apps such as MeituPic and BeautyCam, and has been focused on selfie algorithm development. In 2013, the company ventured into the smartphone market and launched smartphones targeting female users and the selfie market. Despite a higher profit per phone sold and a higher brand premium, the company has become increasingly marginalized in China’s dog-eat-dog smartphone market due to its meager shipments. According to IDC’s Worldwide Quarterly Mobile Phone Tracker, Meitu only had a 0.5% market share in China with shipments of approximately 1.5 million units as of the third quarter of 2018.
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Release time：2018-11-26 00:00 reading：1109 Continue reading>>
<span style='color:red'>Xiaomi</span> plans to have 5,000 stores in India by the end of 2019
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Xiaomi plans to have 5,000 stores in India by the end of 2019

Anthony Kwan | Bloomberg | Getty Images Chinese tech giant Xiaomi is looking to cement its status as India's leading smartphone provider by opening thousands of stores before the end of 2019. The company announced in a press release Tuesday that it would increase its presence in India from 500 retail stores to 5,000 by 2020"It's been over a year since we started offering our products through offline retail and we have seen strong growth there," Manu Jain, Xiaomi vice president and managing director for India, said in the release."Offline retail is a huge segment in our country with nearly 40 percent of the offline market focused in rural regions, and all of this should increase our offline sales and account for 50 percent of the company's revenue by the end of next year."In a Twitter post, the smartphone maker invited people to apply to run one of the franchised stores, which will be based on its Mi retail model. "Mi store is the 'new retail' model for rural India that gives flagship store experience to our rural customers," Xiaomi said on Twitter, adding that the new stores would generate more than 15,000 jobs.India is one of Xiaomi's fastest-growing markets, according to Reuters, where it has had success with its budget Redmi phone series.The firm is the country's leading smartphone provider, with 30 percent of market share. It entered the market in 2014 as an online-only retailer, before opening physical stores across India. Samsung and Vivo are its closest competitors there.Xiaomi was awarded a Guinness World Record on Tuesday for opening the largest number of retail stores in India simultaneously. The company also operates in Asia, Europe, the Middle East, Africa, and Mexico.
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Release time：2018-11-22 00:00 reading：1047 Continue reading>>
<span style='color:red'>Xiaomi</span>'s Smartphone Shipment to Exceed 100M Units by the End of October
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Xiaomi's Smartphone Shipment to Exceed 100M Units by the End of October

Xiaomi Corporation today announced that the Group expects its shipment of smartphones to exceed 100 million units by the end of October, successfully reaching the full-year target set at its global core suppliers conference on 13 September, 2017. The Group will reach the target two months ahead of schedule and it exceeds the unit shipment of 90 million in 2017.Moreover, Xiaomi today officially launched its latest premium flagship product, Mi MIX 3 at the Forbidden City in Beijing, demonstrating the outstanding product innovation capabilities of the Group.Commenting on this achievement, Mr. Lei Jun, Founder, Chairman and CEO of Xiaomi, said: "Successfully reaching the full-year target ahead of schedule and with the shipments this year exceeding 100 million units signals a key milestone in Xiaomi's history. It is also a result of Xiaomi's continuous technological innovation and quality improvement over the past few years."As the world's fourth-largest smartphone manufacturer according to IDC, Xiaomi's smartphone shipments continued to grow rapidly. In the second quarter of 2018, Xiaomi's smartphones segment recorded revenue of approximately RMB30.50 billion, representing year-on-year growth of 58.7%. Shipments of the Mi 8 series exceeded 6 million units in the 4 months after its launch, showing the positive outcomes of the product structure optimization of Xiaomi's smartphones.In overseas markets, Xiaomi has expanded to over 70 countries and regions with its smartphone business ranking among the top five in 25 countries and regions. In the second quarter of 2018, revenues from the overseas market grew 151.7% year-on-year to RMB16,412 million, accounting for 36.3% of its total revenue.According to Canalys, Xiaomi's smartphone shipments continued to grow at a rapid rate in India, ranking first in terms of market share by shipment. Recording impressive growth, Xiaomi also ranked second in Indonesia in terms of smartphone shipments. In Western Europe, Xiaomi expanded into France and Italy in May 2018. Smartphone shipments in Western Europe grew over 2700% year-on-year.
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Release time：2018-10-26 00:00 reading：1228 Continue reading>>
Keysight Technologies, <span style='color:red'>Xiaomi</span> Collaborate to Accelerate 5G NR Device Development
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Keysight Technologies, Xiaomi Collaborate to Accelerate 5G NR Device Development

Keysight Technologies announced that it has been selected as the sole supplier of 5G network emulation solutions by Xiaomi Corporation, a leading Chinese electronics company, to accelerate development of its 5G NR mobile devices.5G devices operating on mmWave frequencies rely on phased array antenna and beamforming technologies to address higher data throughput requirements. Keysight’s 5G RF DVT Toolset supports the latest 3GPP 5G New Radio (NR) Release 15 specifications, including beamforming and beam management across sub-6GHz and mmWave frequencies. This comprehensive set of capabilities allows Xiaomi to validate the performance of 5G mobile devices, with easy-to-use tools for test case creation, execution and analysis in a controlled laboratory-based environment."Xiaomi is committed to delivering cutting-edge R&D innovation and technology,” said Zhang Lei, senior director of Xiaomi Corp. “Leveraging Keysight’s 5G network emulation solutions will enable us to greatly accelerate development of our 5G mobile devices and establish a leadership position in the industry."5G RF DVT Toolset is part of Keysight’s suite of network emulation solutions which enable the mobile device ecosystem to streamline the product workflow from early prototyping and development to design validation and manufacturing. These solutions enable users to perform device characterization and validation in over-the-air (OTA) real-world conditions. By using the same test capabilities and test cases specified by chipset vendors and mobile operators, device manufacturers can easily validate device performance, speed development and achieve consistent results.“We are excited to collaborate with leading 5G device makers, such as Xiaomi, to help them develop and launch 5G NR products for a global market place,” said Kailash Narayanan, vice president and general manager of the Wireless Test business at Keysight Technologies. “Keysight is playing a pivotal role in a connected mobile ecosystem where our mmWave expertise, combined with highly scalable software-based 5G test solutions, is accelerating 5G innovation.”
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Release time：2018-10-23 00:00 reading：2609 Continue reading>>
<span style='color:red'>Xiaomi</span> wants to tempt Chinese buyers with more high-end smartphones
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Xiaomi wants to tempt Chinese buyers with more high-end smartphones

Smartphone maker Xiaomi plans to sell more premium mobile phones in China because consumers are willing to pay for them, according to a senior company executive.The company made that decision a year ago and there are indications it was a good move, Xiaomi's Chief Financial Officer, Chew Shou Zi, told CNBC's "Squawk Box' on Thursday."We believe that for this year, our strategic focus is to strengthen our position in the mid and high-tier market," Chew said.Xiaomi started off by making high-end smartphones at substantially lower price points compared to other device makers. But increasingly, the company has faced intense competition from other low-cost Chinese rivals like OPPO and vivo."For this quarter, the reflection of the success of our strategy was an increase in our average selling price by 25 percent of our smartphones in China," Chew said.He added that the shifting focus, along with expansion into offline channels, will "lay a very good groundwork for growth in 2019 and beyond."Xiaomi shares rose 1.36 percent on Thursday morning in Hong Kong.No. 4 smartphone maker in ChinaXiaomi is the fourth-largest smartphone maker in China with about 13.8 percent of the market share, behind its rivals Huawei, OPPO and vivo, according to the International Data Corporation. The Chinese smartphone market has struggled for growth in recent years due to a high smartphone penetration rate.In the second quarter of 2018, preliminary IDC data suggested that 105 million smartphones were shipped in China. That translates to a 5.9 percent drop from a year ago, but the pace of that decline narrowed compared to the first quarter, IDC said.An employee, left, hands a Xiaomi Corp. branded shopping bag to a customer inside a Xiaomi store. Anthony Kwan | Bloomberg | Getty ImagesAn employee, left, hands a Xiaomi Corp. branded shopping bag to a customer inside a Xiaomi store. "The market's average selling price increased 15 [percent on-year] in the second quarter," Xi Wang, a senior market analyst at IDC China, wrote in a report. "This suggests that consumers are willing to pay more for a phone targeted for their needs, including not just better cameras but also emerging categories such as gaming."Wang added that Chinese users continue to spend more and more time on mobile phones, and therefore, smartphone makers should emphasize things like "design, quality, and brand image" to drive replacements in China.Internationally, Xiaomi's focus depends on various markets that it operates in, according to Chew."For the Indian market, in particular, because of where it is in terms of its [gross domestic product] growth overall, and its level of consumption spend, the consumers are actually demanding more entry-to-mid-tier level phones," he said, adding that users in Western Europe preferred more mid-to-high range devices.Still, analysts have said that a notable part of Xiaomi's growth comes from the robust Indian smartphone market, which returned to double-digit growth in the second quarter. There, Xiaomi is battling the world's largest smartphone-maker Samsung for pole position.Data from IDC said that Xiaomi had 29.7 percent of the market in the second quarter, compared to Samsung's 23.9 percent. However, technology market research firm Counterpoint Research, said the South Korean tech giant had a 1 percentage point lead over its Chinese rival.On Wednesday, Xiaomi reported second-quarter earnings that beat expectations despite questions looming over its long-term business model. Smartphones contributed to the majority of the revenue, followed by its internet of things and lifestyle business and then internet services.Chew said he was "very optimistic" about the future of the global internet services business that includes mobile games and video and music streaming services. Xiaomi said most of the internet services revenue for the second-quarter was generated in mainland China."We believe that if you provide a very good service to them, then monetization is a lot easier further down the road," he said."The priority today is to make sure that we acquire a lot of international users and then provide them with a very good service," Chew said.
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Release time：2018-08-24 00:00 reading：802 Continue reading>>
<span style='color:red'>Xiaomi</span>'s revenue surges nearly 70 percent in the second quarter as smartphone growth remains strong
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Xiaomi's revenue surges nearly 70 percent in the second quarter as smartphone growth remains strong

Isaac Lawrence | AFP | Getty Images Chinese electronics giant Xiaomi reported second-quarter earnings on Wednesday that beat expectations amid pressure on its share price and questions over its long-term business model.It's the first time Xiaomi has released results as a public company after its initial public offering (IPO) in July.Here's how the company did:Revenue hit 45.24 billion yuan ($6.60 billion) compared to expectations of of 39.18 billion yuan, according to analysts surveyed by Thomson Reuters. That represented 68.3 percent year-on-year rise.Operating profit loss of of 7.5 billion yuan.Net profit of 14.63 billion yuan, from a loss of 7.03 billion yuan in the first quarter of 2018.Shares of Hong Kong-listed Xiaomi are up 4 percent since the company went public in July. The shares were higher going into the earnings report and were above the IPO price of 17 Hong Kong dollars after dipping below it and hitting a record low last week. Still shares of the Chinese technology firm are around 18 percent of the its record high close of 21.55 Hong Kong dollars on July 18.Smartphone revenues raked in 30.5 billion yuan in revenue for the second quarter, a 58.7 percent year-on-year rise, despite the overall handset market declining. Xiaomi said that the average selling price of devices rose too. In its earning statement, the technology firm said that the Chinese smartphone market is in a "period of recalibration" but its focus is on expanding into the high-end segment.Xiaomi has grown by creating mid-to-low-priced devices with high specs. But it needs to expand into higher priced devices in order to boost revenues."We believe our strategic focus to further penetrate the high-end smartphone market by optimizing our product portfolio in 2018 will lay the groundwork for further shipment unit growth in China in 2019," Xiaomi said in a release.Analysts are concerned that Xiaomi could struggle to diversify its business away from hardware, which is a low margin business. Smartphones account for around 70 percent of Xiaomi's revenues, while other products such as TVs are another 20 percent. Under 10 percent of revenues come from its internet services business which include its music streaming product.Xiaomi is one of the world's biggest smartphone makers but it is facing intense competition from other Chinese players like Oppo, Vivo and Huawei who are offering high quality devices at low prices. In the high-end it could face pressure from Apple as well.Connected device sales riseXiaomi continued growing emerging areas of its business with internet of things and lifestyle product segment grew 104.3 percent year-on-year, bringing in 10.4 billion yuan in revenues in the second quarter. This unit includes TVs and the company's virtual reality headsets.Internet services revenues were up 63.6 percent year-on-year to 4 billion yuan in the three months to June. This includes revenues from areas such as advertising and Xiaomi's music streaming product. Still, internet services only contributed 9 percent of revenue, which could worry investors who are concerned that Xiaomi relies too heavily on smartphones.Xiaomi has typically been reliant on China for making money, but it said that international revenue grew 151.7 percent year-on-year to 16.4 billion yuan, accounting for 36.3 percent of total revenue. A large part of this was thanks to strong growth in India, where it is one of the biggest players, and continued expansion into Europe.
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Release time：2018-08-23 00:00 reading：1087 Continue reading>>
Qualcomm among cornerstone investors for <span style='color:red'>Xiaomi</span>'s $6.1 billion Hong Kong IPO
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Qualcomm among cornerstone investors for Xiaomi's $6.1 billion Hong Kong IPO

Chinese smartphone maker Xiaomi has lined up $548 million from seven cornerstone investors including U.S. chipmaker Qualcomm for its Hong Kong IPO of up to $6.1 billion, according to a term sheet seen by Reuters.Xiaomi, which also makes internet-connected devices, has set a price range of HK$17 to HK$22 ($2.17 to $2.80) each for its listing in the Asian financial hub, one of the biggest tech floats globally in recent years, showed the term sheet.Other cornerstone investors include Chinese express delivery company SF Express, domestic telecom service provider China Mobile, state-backed investment firm CICFH Entertainment and state-run conglomerate China Merchants Group.The seven will take up a combined 10 percent of the shares being offered in the IPO, and the company will open the book to institutional investors on Thursday, according to the term sheet.Xiaomi and China Mobile declined to comment. China Merchants Group, CICFH Entertainment, Qualcomm and SF Express did not immediately respond to requests for comment.The IPO values the Beijing-based, Cayman-domiciled company at $54.3 billion - or $70.3 billion after a 15 percent "greenshoe" or over-allotment option which can be sold if there is demand. If the greenshoe is exercised, Xiaomi's free float will be 9.99 percent of its enlarged share capital.Xiaomi is selling about 2.18 billion shares in the IPO, 65 percent of which are primary, according to the term sheet. The selling shareholders are early investor Morningside, a Chinese venture capital firm, and Xiaomi managers Wong Kong Kat, Liu De, Heng Feng and Li Wanqiang.Reuters reported on Tuesday that Xiaomi lowered its likely valuation to a range of $55 billion to $70 billion following its decision to delay its mainland share offering until after its Hong Kong IPO.The delay was triggered by a dispute between the company and regulators over the valuation of its China depositary receipts (CDRs), sources said, casting doubt on Beijing's efforts to lure foreign-listed Chinese tech giants back home.Xiaomi had been expected to raise up to $10 billion, split between its Hong Kong and mainland offerings. The delay to its CDRs is a blow for Chinese officials, who designed them as a means for China to compete globally for major tech listings and give mainland investors access to the country's tech champions.Xiaomi's blockbuster Hong Kong offering on the other hand is set to be the first listing under new exchange rules designed to attract tech floats, as competition heats up between Hong Kong, New York and the Chinese mainland.China's largest provider of on-demand online services, Meituan-Dianping, also plans to file for a Hong Kong IPO later this week, which would be the city's second multibillion-dollar tech float this year, said people familiar with the matter.Meituan-Dianping declined to comment. The people declined to be identified as the information was not yet public.Xiaomi was set up in 2010 and doubled its smartphone shipments in 2017 to become the world's fourth-largest maker, showed data from Counterpoint Research, defying a global slowdown in smartphone sales.CLSA, Goldman Sachs and Morgan Stanley are joint sponsors for Xiaomi's Hong Kong IPO.
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Release time：2018-06-22 00:00 reading：1151 Continue reading>>

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