Xiaomi, China’s #4 largest smartphone manufacturer by shipments, is ready to improve the camera outfitted in its smartphones by establishing a new camera department, announced the Xiaomi founder LEI Jun in an internal email on May 13. The move may come as the company seeks to keep the growth momentum in the saturated Chinese market and to best the country’s top 3 smartphone makers, Huawei, Oppo and Vivo, which are all believed to be ahead of Xiaomi in phone cameras.
The Chinese company was reportedly mulling whether to buy the action camera maker GoPro and has filed earlier this month for an HK IPO, which could be the world’s largest IPO since 2014.
New launches, big wins: Early StageNew launches, big wins: Early Stage
Chinese companies are flocking to India, but their optimism needs to be temperedChinese companies are flocking to India, but their optimism needs to be tempered
Nikkei teams up with 36Kr in Asia tech news coverageNikkei teams up with 36Kr in Asia tech news coverage
Grady Laksmono of Moka on supporting small businesses: Startup StoriesGrady Laksmono of Moka on supporting small businesses: Startup Stories
The continent of the 21st century: Venture VoicesThe continent of the 21st century: Venture Voices