Showing posts with label Xiaomi. Show all posts

Monday, 29 December 2014

Xiaomi Laptop Rumored...

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12:11

Leaked Images of MI Laptop.
The Internet is an extremely interesting place, so much so that there is always more than enough room to have both rumors and facts lie around. Having said that, one of the latest rumors to make its rounds would be that of Chinese device manufacturer Xiaomi making a reach beyond that of smartphones – basically, we are looking at a possible laptop from the folks over at Xiaomi themselves. A laptop is a very different creature from that of a smartphone, this is for sure, so assuming that this particular rumor would turn out to be true, it would be interesting to see the execution part of it.

New rumors have now surfaced, stating that Xiaomi may be expanding into the PC market with its first ever laptop. Speculations about such a move have been circulating for the past few months but it is only now that we are seeing some more-convincing evidence in the form of photos and possible specs. The leaked shots show a device, visually similar to the Apple Macbook Air line.

The computer bears much the same shape and bezel design, down to the edges as well as the color scheme. There are however some apparent differences. The “Mi” logo is clearly visible below the screen, as well as on the back, which appears to have a sandstone finish in contrast to Apple’s signature aluminum, but the photo in question could be of the back of any other device. An orange function button also helps the Mi laptop stand out and instills a lot of brand identity.


The image that you see above surely looks as though it is a good candidate for a Photoshop job, especially when you see how the Xiaomi logo looks as though it has been tacked on just like that. Word on the street has it that this alleged Xiaomi laptop will arrive with a 15” display at 1920 x 1080 pixels, running on an Intel Core i7 Haswell processor, accompanied by 16GB RAM, and carries a sticker price that will not be more than $500 after conversion. Sounds as though it is shaping up to be a bargain, don’t you think so?

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New King of Tech Startups: Smartphone Maker Xiaomi Raises $1.1 Billion at $45 Billion Valuation.

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10:30



Xiaomi has said it has closed a massive $1.1 billion round of funding that values the fast-growing Chinese phone maker at a jaw-dropping $45 billion, pre-money. The huge amount makes it the most highly valued tech startup in the world, besting a recent whopping valuation of Uber at over $40 billion.

CEO and founder Lei Jun officially announced the investment on a post on China’s Weibo just now. He said the funding, which has been widely reported was coming, was completed last week.

Yuri Milner’s investment group DST Global, which sources say has already poured $500 million into Xiaomi, took part in the latest round, which is mostly made up of new investors. Milner’s interest in the Chinese company has been intriguing, akin to his big-money bets in Facebook many years ago.

A private equity group affiliated with Alibaba Group‘s Jack Ma also invested in this round, along with a pile of other powerful players.

The reason is clear: With a focus on rapid innovation and nifty software, Xiaomi has quickly grown to become the world’s third-largest phone maker. However, a recent financial report showed profits remain slim, just $56 million in 2013.

The company’s valuation, though, has continued to soar as the company has expanded beyond its home turf in China, with an eye toward becoming a global giant. A 2012 funding round valued the company at $4 billion, while investments last year pegged its valuation at $10 billion.

Sources say that $10 billion is now equal roughly to the amount of revenue that Xiaomi is doing annually, as the company continues to expand into new markets, including India. In China, Xiaomi frequently sells tens of thousands of its phones per minute through its online storefront.

As was the case with Alibaba, the latest Xiaomi funding reflects strong global interest to back companies that have thrived in China’s cutthroat domestic market and have the scale and ambition to take their efforts worldwide.

Overseeing Xiaomi’s big global plans is Hugo Barra, a former Google executive who was part of the team that leads Android development.

The investment is the second massive one to take place in the last month, creating private companies that are valued at sums akin to public ones. Uber, the sometimes controversial transportation startup, recently announced a similar funding. Like Uber, Xiaomi has grown very big, very fast.

Xiaomi executive Bin Lin appeared at D: Dive Into Mobile in 2013 to discuss the company’s humble roots, its winning online sales strategy and its plans to grow far bigger.

And here’s a translation of Jun’s post:
Xiaomi Completed A New Round of Financing Last Week.
Xiaomi raised a new financing round at a $45bn valuation last week. The total amount raised was more than $1.1bn. Investors include All Stars, DST, GIC, Hopu and Yunfeng. This fundraising round is in recognition of the results Xiaomi has achieved in the last four years since inception, and also unveils the next chapter of development for Xiaomi.
Xiaomi will assume we are starting from scratch, and continue working towards our dream to let everyone globally enjoy a better life through technology. Our goal is always to pursue high quality, high performance products with good user experience.
Xiaomi will launch some heavyweight flagship products in January 2015 to show gratitude to the fans, partners and investors who have been supporting us.

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