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What is Xiaomi (Mi)?

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What is Xiaomi

Xiaomi?

A company started just eight years ago has now become one of the world’s largest smartphone makers. I’m talking about Xiaomi. So What is Xiaomi? It’s opening stores and now rapidly expanding outside of China. So what’s behind the growth of this Chinese tech company?

Xiaomi is the fourth-biggest smartphone player in the world. It’s India’s top-selling smartphone brand and one of China’s top players. But its breadth is much more than that. It’s present in 74 markets around the globe, with nearly 15,000 employees and more than 300 million people are using its products or services.

While Xiaomi may be a foe for Apple, it’s somewhat of a friend to Google and Microsoft. Xiaomi smartphones run a version of Google’s Android operating system and the Chinese tech company is partnering with Microsoft to collaborate on artificial intelligence.

The company makes about 72% of its revenue from China, and 28% from the rest of the world. Xiaomi generates most of its revenues from smartphones, but it’s also expanded into other products like music and video streaming, too.

Xiaomi Outside Photo

The Beijing-based company wants its smartphones to be just the start of an entire device ecosystem for its users. Which may explain why it’s sometimes referred to as the “Apple of China.


Also Read: 10 Health & Fitness Gadgets by Xiaomi

When the company was first started, Xiaomi only sold its products online in an effort to reduce overhead costs. It avoided spending money on advertising and relied on brand loyal customers to spread the word. Xiaomi’s selling point was simple. Offer high-quality devices, but at lower prices than competitors. And it worked. Xiaomi became China’s number one smartphone in 2014. But the success was short-lived. Sales fell in 2016, pushing Xiaomi down several spots to number five in China.

New low-cost players were entering the market, and the company learned that by selling its phones online directly to consumers, well, it made it difficult to reach new customers, like those in China’s smaller cities. So Xiaomi began to change up its strategy. Recently it’s been getting into the brick-and-mortar game, opening a large number of stores in Hong Kong.  It plans to open 2,000 stores worldwide by 2019 with just about half of them in China.

xiaomi-home-store

Xiaomi Home Store | Courtesy: The Financial Express

It’s expanding its footprint outside of China, opening retail stores in Spain and Italy and forming retail partnerships here in the U.K. And while Xiaomi isn’t in the U.S. yet, Xiaomi’s head of its international business says they do have plans to enter the market.

It’s not just a smartphone business. Xiaomi also makes things like smartwatches, headphones, speakers, pillows, VR headsets, air purifiers, rice cookers, kitchenware, luggage, hats, and wallets. That’s on top of selling online content, entertainment,  and financial services.


Also Read: CIMON – AI Robot onboard at ISS

In 2017, Xiaomi’s sales grew more than 67% from the year prior, leading some to call it ‘China’s Phoenix.’ Product launch events for its new products can draw up to thousands of fans. And while companies like Samsung have used Kanye West and Bruno Mars to pump up fans for new products.

Xiaomi Home Store-1

Xiaomi events are usually headlined by well, the company’s CEO Lei Jun. As one of Xiaomi’s co-founders, he has a net worth of more than 12 billion dollars. He worked in technology and as an angel investor before starting the company in 2010. So what’s next? Smartphone shipments in China suffered their largest decline ever in the first quarter of 2018. And global smartphone sales declined last year for the first time since 2009.


Also Read: Reason Behind Indian Economy Growth

While the industry news is concerning for massive smartphone players, Xiaomi actually had an 88% increase in the number of phones they sold globally in the first quarter of this year. That’s compared to a slight decrease by Samsung and a slight increase by Apple. Xiaomi’s growth was largely because of its previous ho-hum performance though. So the question remains. Will “China’s Phoenix,” so dependent on its hardware business, fly to new heights? Or will it return to the ashes?

What do you think about Xiaomi and there Business Model? Do Mention in the Comment Section Below and Also Stay tuned for more Exciting things gonna happen on this platform.

Source: CNBC

Day in Short

Todays News: Harvard Robot Arm, Mumbai potholes, Indian TT Team

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todays news (23 July 18')

Let us head towards today’s news headlines.

48MP smartphone sensor by Sony

48 megapixel sony sensor

Sony Sensor

Japanese company Sony has unveiled its IMX586 which stacks CMOS image sensor and claims to have the world’s highest megapixel count i.e. 48 megapixels. According to Sony, this sensor can be fixed into a smartphone which has 8mm diagonal unit and this sensor is capable enough to capture high-quality images like an SLR with your smartphone.

 

Harvard’s robotic arm can catch sea animals

harvard robot arm

Harvard robot arm

Researchers of Harvard’s Wyss Institute have developed an origami-inspired robotic arm which is capable enough to catch delicate sea animals without any harm by a technology called RAD (Rotatory Actuated Dodecahedron). This arm has a petal-like structure which forms a structure around the animals within seconds.

 

Mumbai nominated for Guinness record

Mumbai Potholes

Mumbai Potholes

Navin Lade, who is a resident of Mumbai have stated a nomination for most potholes in Guineas and Limca Book of World Record. This nomination is made in order to shame the municipal corporation after a survey says that there are more than 20,000 potholes in Mumbai. Navin Lade also wants to send a complaint letter if the nomination for his record gots approved.

 

Snapchat to shut down Snapcash

snapcash Shutting

Snapcash

One of the photo-sharing app Snapchat is now going to shut down Snapcash which is one of their payment service app which was partnered with Square. This app named Snapcash was launched in 3014 and allowed the user to transfer money to friend’s account without coming out of the app.

 

Alibaba to fund Megvii

AI Startup Megvil

AI Startup Megvil

Alibaba is going to fund a Chinese AI startup named Megvii for $600 million which is also being funded by Boyu Capital. Megvii also has Ant Finances as an investor as well. Megvii is a startup launched in 2014 which has developed a face scanning technology which is being provided to companies like Lenovo.

 

Air India apologizes to Indian TT team

Indian TT Team

Indian TT Team

Air India apologizes to Indian Table Tennis Team after their officials stopped 17 players and their other officials from boarding Delhi Melbourne flight. The team was on its way to ITTF world cup Australia Open when this happened. CWG gold medalist Manika Batra posted this on twitter tagging the PM office and Sports Minister.

 

David Headley  26/11 mastermind in critical condition

David Headley

David Headley | Image Courtesy: Wikipedia

David Headly, being the mastermind behind the 26/11 Mumbai attack is in US jail for his 35-year prison when he was attacked on July 8 and is now in critical condition. He was being attacked as he worked as a double agent for Pakistan and Islamist Terror. This attack comes after he had disclosed information related to the operation of Laskar-e-Taiba which lead to an arrest.

 

This where all the news headlines for today.

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Todays News: Facebook’s Internet Satellite, iPhone users may face Problem

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todays news (21 July 18')

Let’s head towards today’s news headlines.

US provides military help to Ukraine

Military aid to Ukraine

Military aid to Ukraine

US Defense Department has announced that they will be providing $200 million worth military assistance to Ukraine. They also added that the aid will include, training, equipment, and advisory help to Ukraine to help them make their defense capable enough.

 

Soldier’s body found after 50 years

Himachal Glaciers

Himachal Glaciers

After fifty years of AN-12 aircraft of Indian Air Force being crashed, which carried 102 soldiers on board, in Himachal Pradesh’s Lahaul Valley. And under a mountaineering expedition, the body of one of the soldier was found and it is expected that rest will also be in that region only. This aircraft was flying from Himachal Pradesh to Leg on February 7, 1968.


Also Read: Do you Dream? Why? – Explained

Rs. 100 crore needed for ATMs

New 100Rs. Note Lavender color

New 100Rs. Note

After Reserve Bank of India announced that they will be circulating new Rs. 100 note, the industry operating ATMs said that investment of Rs. 100 crore is needed for recalibration of 2.4 lakh ATM machines present all over India making them ready to Despenser the new note. Managing Director of Hitachi Payment s Service said that it will require 12 months for this recalibration process.

 

Wipro to buy Alight’s India Operations

Wipro buy US based Alight's for Rs.800 cr

Wipro

Wipro which is India’s fourth-biggest tech company which is planning to buy US-based company Alight’s India Operations for $117 million (Rs. 804 crores). The alight solution is a US-based company which provides cloud-based financing and HR solution to over 1400 clients. The company has four offices around India in Chennai, Mumbai, Noida, and Gurgaon with around 9,000 employees.

 

Facebook to build internet satellite

Facebook internet Satellite

Satellite

After SpaceX, Facebook is here confirming that they are working on a satellite namely Athena which looks forward to providing broadband internet connection in the rural areas. Previously, Facebook’s internet satellite for Africa was lost when one of the rockets of SpaceX got blasted.


Also Read: What is a Dyson Sphere? Should we Build it?

iPhone users may face problems from telecoms

iPhone users

iPhone users

TRAI has warned Apple to allow the installation of app knowns as Do not Disturb launched by TRAI within a period of six months in order to face the problem of unsolicited commercial communication. TRAI further added that, if they do not allow the app, the users will be not be recognized by the telecom provider and will face problems. The Do Not Disturb app by TRAI is already present on play store.

 

Let BJP head 2019 elections first says Mamta

Mamta Banerjee

Mamta Banerjee

After the Narendra Modi’s statement on Congress President Rahul Gandhi that he should now prepare for a no-confidence moment in 2024. On this West Bengal Chief Minister Mamta Banerjee says that You should first try winning 2019 election and then talk of the no-confidence moment of 2024. She also commented on the win of the no-confidence moment in Parliament and said that this victory was inside the Parliament but outside the case is different.


Our Daily News Series: DAY IN SHORT

This where the news of the day. Thank you for spending your time on our website.

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Day in Short

Todays News: WhatsApp on Fake News, $100 Billion sales of Microsost

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Wait for today’s big headlines is over. Without any delay… Let’s start.

New Rs. 100 note to be issued

New 100Rs. Note Lavender color

New 100Rs. Note

The Reserve Bank of India has announced that they will be soon circulating the new Rs. 100 denomination notes which will be of lavender color. This new notes which will have the motif of Gujarat’s archeological site named ‘Rani ni vav’ on the reverse which will be showing the culture of India. The dimensions for this note will be 66 mm by 142 mm.

 

Search YouTube videos by hashtags

Youtube Search using Hashtags

Youtube Hashtags

Google-owned one of the most used video sharing site will now have a feature which will allow users to search using hashtags. This hashtags will be in the description titles and on clicking them, videos related to the hashtags will be shown. This feature is only available in Android and on the web.


Also Read: Do you Dream? Why? – Explained

NTPC to take Rs. 1,500 crore loan

HDFC Bank with NTPC

NTPC

NTPC which is one of the largest producers to power in India has signed to take an Rs. 1500 crore loan from HDFC bank for the term of 15 years. It is said that this loan will be used in financing the capital expenditure of the NTPC.

 

WhatsApp gave the second notice

WhatsApp

WhatsApp

After a lot of lynching through the rumors and fake news transmitted through WhatsApp, the government has drafted a second notice to WhatsApp asking to provide better solutions to stop the propagation of fake news. As they can even face legal actions in case of mute spectators.

 

WhatsApp to limit message forwarding

Whatsapp Fake NEWS

Forwarding

After the government providing second notice on to find a solution for stopping propagation of fake news, WhatsApp is planning to limit the message forwarding to 5 users at a time which can become a good solution. And they are also planning to remove the forward shortcut button which is available against all the media messages.

 

Rs. 1484 crore spent on Modi’s foreign visits

Modi Foreign Trips Expense

Foreign Trip Expense

We all know Modi is traveling many counties from the year 2014, and till now he has traveled to 84 countries and these trips have coated Rs. 1484 crore which includes spending on charter flights,  maintenance of the aircraft and hotline service. This figure does not include the hotline service charged of the year 2017-18 and also do not include the charted flight costs of the year 2018-19. Amongst the cost given above, Rs. 1088 crore was spent on the aircraft maintenance only.


Also Read: Reason Behind Indian Economy Growth

WhatsApp to design course for Indians

WhatsApp design courses

WhatsApp

After the increase in the incidents related to the fake news propagation through WhatsApp, WhatsApp with the help of a few partners is planning to design a course for Indians which help the users to spot the fake news. And to face this issue, earlier Whatsapp has also given a full page guideline in the newspaper regarding the ways of spotting the fake news.

 

Microsoft crosses $100 billion sales

Microsoft $100 Billion Sales

Microsoft

It has been a magnificent year for Microsoft as they are able to surpass the milestone of $100 billion sales for the first time in their history of 43 years. Major sales of the Microsoft co sisted of the cloud services which recorded a revenue of $23 billion over the year.


Also Read: What is Xiaomi?

NASA observes planet being consumed

Star Consuming a Planet by NASA

NASA reports for first time

For the first time in history, NASA is being able to see the parent star consuming it’s planet’s debris from the Chandra X-Ray Observatory of NASA. This parent star is around 450 light years far from earth and has started consuming the debris which is filled by a planet collision.

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