Lei Jun Stories January 11, 2016

Investors are “beginning to question” Xiaomi’s $46B valuation after the company reportedly failed to hit its sales target of 80M smartphones in 2015, reports the WSJ. That target was itself reduced from 100M last summer, and the company has also not yet delivered on its promise of substantial revenue from Internet services.

Xiaomi has faced tougher competition from more established brands like Huawei.

Huawei’s engineering strength and brand image, built up over decades, make it difficult for Xiaomi to compete in China, analysts say.

“The competition in China’s smartphone market has intensified tremendously this year,” said a Xiaomi spokeswoman, who declined to comment on the company’s valuation or say whether it met its 2015 sales target.

Huawei comfortably overtook Xiaomi to become the Chinese market leader in October of last year …

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Lei Jun Stories July 2, 2015

[tweet https://twitter.com/xiaomi/status/616414920855257089/]

Xiaomi has announced sales of 34.7M smartphones in the first half of 2015, up 33% year-on-year. While the number is a substantial one, it’s a long way short of the 227% growth it experienced last year, and the company told Re/code that it has reduced its target for the year from 100M to 80M units …  expand full story

Deal: Get Pixelbook at 25% off: $750!

Lei Jun Stories July 2, 2014

Samsung, HTC and Motorola are likely to be looking a little nervously over their shoulders as Chinese smartphone manufacturer Xiaomi more than doubled its year-on-year sales. The company announced (via TNW) that it sold 26.1M phones in the first half of this year, more than it sold in the whole of 2013.

These are impressive sales for a company which sold its first smartphone just three years ago, and whose sales were initially limited to China. Its growth has been fuelled by expansion into Singapore, Malaysia, India and the Philipines, with the company now eyeing up Latin America as its next market …  expand full story

Lei Jun Stories June 5, 2014

A new video out of Bloomberg details  just exactly how a once unknown Chinese phone company has able to leapfrog the household names in technology and become the sixth largest mobile handset company in the world, and the third largest in China. Xiaomi was founded back in 2010 and went the total opposite direction in terms of strategy from Apple and Samsung. Making Android powered devices, Xiaomi has focused devices with high build quality and excellent performance.

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Lei Jun Stories May 15, 2014

Chinese smartphone maker Xiaomi, the company which specialises in imitating Apple’s marketing for its Android handsets, has launched its first tablet, reports Reuters – and it’s an iPad mini clone. The company has even named it the Mi Pad …

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