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It is one impending trend of mobile product, configurable plans down to per minute, per gigabytes, per message levels. It is also one of the value propositions from potential new mobile operators. I reckon the MVNO, Liberty Wireless, will do the similar in order to differentiate. Among the 3 incumbents, I knew M1 has prepared to do the same, but I am not so sure on Singtel and Starhub...
Xiaomi to offer Mi Mobile plans in China
TAIPEI — Xiaomi Corp is getting into the wireless carrier business as the Chinese device maker tries to capitalise on reforms affecting government-owned companies.
Consumers will be able to order a SIM card via Xiaomi’s website starting tomorrow (Sept 23), the Beijing-based company said. Users will pay per minute of talk time, per text message sent, or per megabyte of data transmitted across a network operated by China Unicom (Hong Kong).
Xiaomi’s entry into phone services, dubbed Mi Mobile, comes as China’s government opens up the telecommunications sector to Mobile Virtual Network Operators, who lease capacity from established network owners. Founder Lei Jun is moving the start-up, valued at US$45 billion (S$63.8 billion) after a funding round last year, into online finance, smart-home devices and air filters.
In addition to the pay-as-you-go plan, Xiaomi next month will offer a package of 59 yuan per month for 3 gigabytes of data usage through China Telecom Corp.’s network, it said.
Xiaom released a new smartphone, the Mi 4c, with a 5-inch screen, Qualcomm Inc Snapdragon 808 processor and 13-megapixel camera for 1,299 yuan yesterday. It also announced a new Bluetooth-enabled speaker for 199 yuan. BLOOMBERG
http://www.todayonline.com/tech/gadgets/...lans-china
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"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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(23-09-2015, 09:36 AM)CityFarmer Wrote: It is one impending trend of mobile product, configurable plans down to per minute, per gigabytes, per message levels. It is also one of the value propositions from potential new mobile operators. I reckon the MVNO, Liberty Wireless, will do the similar in order to differentiate. Among the 3 incumbents, I knew M1 has prepared to do the same, but I am not so sure on Singtel and Starhub...
Xiaomi to offer Mi Mobile plans in China
TAIPEI — Xiaomi Corp is getting into the wireless carrier business as the Chinese device maker tries to capitalise on reforms affecting government-owned companies.
Consumers will be able to order a SIM card via Xiaomi’s website starting tomorrow (Sept 23), the Beijing-based company said. Users will pay per minute of talk time, per text message sent, or per megabyte of data transmitted across a network operated by China Unicom (Hong Kong).
Xiaomi’s entry into phone services, dubbed Mi Mobile, comes as China’s government opens up the telecommunications sector to Mobile Virtual Network Operators, who lease capacity from established network owners. Founder Lei Jun is moving the start-up, valued at US$45 billion (S$63.8 billion) after a funding round last year, into online finance, smart-home devices and air filters.
In addition to the pay-as-you-go plan, Xiaomi next month will offer a package of 59 yuan per month for 3 gigabytes of data usage through China Telecom Corp.’s network, it said.
Xiaom released a new smartphone, the Mi 4c, with a 5-inch screen, Qualcomm Inc Snapdragon 808 processor and 13-megapixel camera for 1,299 yuan yesterday. It also announced a new Bluetooth-enabled speaker for 199 yuan. BLOOMBERG
http://www.todayonline.com/tech/gadgets/...lans-china Never has it been a case of who will blink, but who blink first.
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Xiaomi, is venturing into other product, than only mobile phone...
Xiaomi said to plan first drone at 4,000 yuan in challenge to DJI
24 May 2016 13:16
[HONG KONG] Xiaomi Corp, the Chinese smartphone maker that challenged Apple Inc with sleek designs and low prices, is planning to introduce its first drone at a price more than 20 per cent below a comparable product from market leader SZ DJI Technology Co, according to a person with direct knowledge of the matter.
The drone, made by FIMI Technology, will record high- resolution 4K video and cost about 4,000 yuan (S$841), the person said, asking not to be identified as the details are private. That compares with US$799 for the Phantom 3 4K device on DJI's website.
...
BLOOMBERG
Source: Business Times Breaking News
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Chinese smartphone giant Xiaomi expected to launch Hong Kong IPO in September
Chinese smartphone maker Xiaomi is reportedly valued at as much as US$110 billion as it aims for an initial share sale in Hong Kong
Peggy Sito & Zhang Shidong
PUBLISHED : Wednesday, 31 January, 2018, 1:53pm
UPDATED : Wednesday, 31 January, 2018, 2:43pm
Xiaomi, the Chinese smartphone maker, is said to be aiming for an initial public offering (IPO) in Hong Kong in September to raise funds as it embarks on a global expansion drive.
The Beijing-based company has appointed Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan and Morgan Stanley to work on its share sale, according to a person familiar with the matter, who asked not to be named because the discussions are private. A representative for Xiaomi declined to comment on the company’s IPO plans.
Xiaomi, founded and led by billionaire Lei Jun, is taking advantage of a boom in Chinese technology stocks to raise funds in Hong Kong, which is revising its rules to lure more technology and biotech listings. Tencent Holdings, Asia’s most valuable company by market capitalisation, may be set to join the Hang Seng China Enterprise Index, known as the H-share index, after more than doubling its share price on the city’s benchmark index in the past year, while online insurer ZhongAn Online P&C Insurance drew tremendous demand for its IPO.
More details in http://www.scmp.com/business/companies/a...-september
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01-02-2018, 07:19 PM
(This post was last modified: 01-02-2018, 07:21 PM by BlueKelah.)
Can buy on dips, xiaomi will be Asia's next Samsung, they are making everything electronic now. Even have a pretty awesome Android one phone. The robot vacuum and powerbank quite good.
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Rise of Xiaomi: how humble Chinese start-up became a giant poised to be 2018's biggest IPO
Stock exchange officials from New York, Hong Kong, Shanghai and Singapore are trying to pitch their bourses on what would probably be the largest global initial public offering in four years
Eugene Tang, Chua Kong Ho, Yingzhi Yang
PUBLISHED : Wednesday, 18 April, 2018, 6:01am
UPDATED : Thursday, 19 April, 2018, 5:27am
Lei Jun is a busy man. On a recent Saturday, his first full day in Xiaomi’s Beijing headquarters in three weeks, the founder of the world’s fourth-largest smartphone maker had scheduled 11 back-to-back meetings with board members, government officials, colleagues and customers.
Nursing a venti cup of Starbucks coffee, Lei was in a reflective mood when he met with the South China Morning Post mid-afternoon. On the verge of deciding where to list his company, Lei is being wooed by stock exchange officials from New York to Hong Kong, Shanghai, Singapore. All are trying to pitch their bourses as home to what would probably be the largest global initial public offering (IPO) in four years.
A successful offer, expected in the summer, could make Lei China’s wealthiest man a few months before he turns 49 in December.
Lei, a computer coder by education, has built Xiaomi (pronounced ‘shao-mee’) from a start-up into a company with 15,000 employees and 100 billion yuan (US$16 billion) in sales in seven years. He maintains a hands-on approach to overseeing a product range of several dozen smart devices and household products.
More details in http://www.scmp.com/business/companies/a...come-years
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03-05-2018, 11:34 PM
(This post was last modified: 03-05-2018, 11:34 PM by cyclone.)
Xiaomi IPO: Everything you need to know about potential $100 billion Chinese giant
Arjun Kharpal
May 3, 2018
Xiaomi, a Chinese consumer electronics company, filed for an initial public offering (IPO) on Thursday.
The listing could reportedly raise $10 billion and value the company at $100 billion, making it one of the largest IPOs since Alibaba in New York in 2014.
Despite its size, you'd be forgiven for not knowing anything about Xiaomi. Many of its products have not been available outside of China until recently.
So here's a rundown of Xiaomi.
More details in https://www.cnbc.com/2018/05/03/xiaomi-i...giant.html
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Xiaomi's IPO Will Make Dozens of Lucky Workers Millionaires
By Shelly Banjo and Yuan Gao
May 22, 2018, 5:00 AM GMT+8 Updated on May 22, 2018, 5:00 PM GMT+8
Eight years ago, before China’s Xiaomi Corp. had sold a single smartphone, 56 of the earliest employees pulled together $11 million to invest in the startup. Rank-and-file workers dipped into savings and borrowed from parents. One receptionist tapped her dowry.
Today, they’re the Lucky 56. Xiaomi is one of the most successful smartphone makers in the world and it’s prepping a blockbuster initial public offering. Their stake in the company may soon be worth $1 billion to $3 billion, depending on the stock sale. That works out to $36 million each at the midpoint.
The fortuitous decision began with workers like Li Weixing, an ex-Microsoft Corp. engineer who was employee No. 12. Back in 2010, staffers were working seven days a week out of a bare-bones Beijing office park to get the unknown mobile phone maker up and running. When word spread that Lei Jun and his co-founders were chipping in their own money for a venture financing round, Li and others wanted to join them.
More details in https://www.bloomberg.com/news/articles/...t-products
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China's Xiaomi books $1 billion quarterly loss ahead of blockbuster IPO
Reuters Staff
June 11, 2018
HONG KONG (Reuters) - Chinese smartphone maker Xiaomi booked a first-quarter net loss of 7 billion yuan ($1.09 billion) ahead of its blockbuster initial public offering.
That compares with a net loss of 43.89 billion yuan for the whole of 2017, according to its draft prospectus.
When one-off items are excluded, Xiaomi said it made a net profit of 1.04 billion yuan in the first quarter, compared with 3.9 billion yuan for the whole of 2017.
Its smartphone shipments jumped 88 percent thanks to strong growth overseas, helping Xiaomi’s revenue rise to 34 billion yuan ($5.3 billion) for the period. That compares with 114.6 billion yuan for all of last year.
More details in https://www.reuters.com/article/us-xiaom...SKBN1J70GW
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