VENTURE BEAT - Feb 11 - A new report by Canalys Research said Motorola’s Moto 360 led the pack in sales of Android Wear smartwatches. LG’s round G Watch R performed significantly better than its original squarish G Watch. Pebble shipped a total of 1 million units from its 2013 launch through to the end of 2014. Fitbit remained the global leader in the basic wearable band market. Xiaomi shipped more than a million of its $13 Mi Bands.
Xiaomi Tight-Lipped On Smartwatch
DECCAN CHRONICLE - Jan 30 - The company casually mentioned that there was a prototyping happening on a smartwatch and mentioned that they are waiting for some more light on battery life and the need to work on the operating system firmware, on the core level, to ensure that the battery being used is minimised.
by Francis D'Sa
See full article at Deccan Chronicle
Xiaomi Confirms $1.1B Raised At $45B Valuation
TECH CRUNCH - Dec 29 - The round was raised from investors including All-Stars Investment, DST, GIC, Hopu Fund, and Yunfeng Capital. The company will likely use the capital to increase sales in its key growth markets of India, Southeast Asia, Brazil, and Mexico.
Xiaomi To Launch Mi 4, Mi Band In Early 2015
INDIAN EXPRESS - Dec 24 - Chinese startup Xiaomi has big plans for the strategic Indian market in 2015, including bringing in more value-for-money products, boosting after-sales service and investing in local startups. Despite setbacks like the recent IAF privacy scare and Ericsson lawsuit, Xiaomi is betting big on India.
Xiaomi Invests $200M In Appliance Maker Midea
TECH CRUNCH - Dec 14 - Guangdong-based Midea is moving with the times after unveiling its own smart home vision in March. The project is funded by nearly $2.5 billion in capital — that’s a small chunk of the $18.7 billion turnover it recorded in 2013.
Xiaomi Partner Raises $35M In Series B Funding
TECH IN ASIA - Dec 4 - Huami, creator of the Mi Band, has received investment from Banyan Capital, Sequoia Capital, and Morningside Capital. Huami now values itself at US$300M. Xiaomi did not participate in this round of funding, however, participated in a US$40M funding round for US-based Misfit.
Misfit Eyes More Growth In China
TECH CRUNCH - Dec 2 - Misfit has raised an additional $40M in a Series C funding round led by GGV Capital and including Xiaomi, JD.com, Shunwei and existing investors. The new funding brings Xiaomi and JD.com on board as strategic partners, which reflects a deepening of Misfit’s commitment to the wearables market in China, which currently drives about a third of its total business.
Xiaomi Ships Over 1M Mi Bands In 3 Months
TECH IN ASIA - Nov 30 - At its peak, it sold 103K in a single day. Fitbit is the bestselling fitness band and activity tracker in the American market, making up 67% (roughly 2.1M units) of sales in that one-year period. Xiaomi also reports the total number of recorded steps accumulated by all Mi Band users surpassed 80 billion.
Xiaomi Smartwatch
TECH2 - Nov 21 - After being the third-largest smartphone vendor in the world for this quarter, the company wants to enter the smartwatch arena. This isn't the company's first wearable device. Xiaomi has already been selling the Mi Band for a while now. Apart from smartwatches, the company is also working on a 4G LTE smartphone which could be priced for an approximate Rs 4,020 making it cheaper than the RedMi 1S.
Xiaomi Mi Band Will Retail For $13
CNET NEWS – July 22 – The Xiaomi Mi Band fitness tracker will retail for $13. The Mi Band's battery will last 30 days. It also serves as a discrete alarm clock. The most interesting feature is its ability to unlock a user's Xiaomi smartphone without a password if the phone is held in the same hand as the band is worn. Holding the phone in the other hand will not unlock it. Global availability is still unknown.
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