Xiaomi has today unveiled its new 60-inch Mi TV 3, the follow-up to the 48-inch Mi TV 2S that it showed off earlier this year. While the set does have features and specs that set it apart from its competitors — especially at its RMB 4,999 price point (~$786) — the TV also ditches its internal main board components, now found in a separate, much cheaper, Mi TV Bar add-on. This is a really interesting move for the smart TV space in general, and of course, the main board powers the set’s OS, MIUI, which is based on Android… expand full story

Xiaomi, the Chinese Android manufacturer which heavily bases its product designs and marketing on Apple products, is to invest $1B in the Chinese YouTube equivalent, Youku.

Xiaomi has long been aware of the importance of an integrated hardware-and-services offering, initially selling its smartphones at cost-price in order to build market share, relying on its app store to generate profits. A tie-in with a video service makes similar sense – smartphones and tablets providing an audience for video content, and video content driving demand for devices on which to view it – but the move is likely to be primarily driven by Xiaomi’s move into the smart TV market …   expand full story