The Hong Kong Monetary Authority has so far issued 8 virtual banking licenses. Ant Financial, Tencent, Xiaomi, and Ping An each have one. NewsCompanies backed by Chinese tech giants are granted virtual banking licenses in Hong Kong1 min read
But global industry leaders are locked out of the lucrative Chinese market. NewsChinese smart speaker apps saw 822% hike in installations last year1 min read
The company has its eye on a Latin American expansion this year. NewsXiaomi opens its first store in Chile1 min read
Turns out, Lei Jun’s promises are as good as gold. NewsXiaomi’s Lei Jun gives Lakala founder a 1kg gold bar to celebrate successful IPO2 mins read
Xiaomi is taking strides to cement its hold on the world’s second-largest smartphone market — by going the traditional retail outlet route. By the end of 2019, the company expects 50% of its salNewsXiaomi aims for greater offline influence in India with 10,000 retail locations before 20201 min read
And more than 92% of China’s smartphones are made in Dongguan. NewsAbout 80% of smart wearables are made in Shenzhen: report1 min read
A Xiaomi executive said “it’s a common practice within the industry”. NewsXiaomi refutes claims that its founder Lei Jun received a USD 1.5 billion payout in 20181 min read
