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2 Jun 2016

Xiaomi buys 1500 patents from Microsoft

Xiaomi eyes global market

Chinese Smartphone maker Xiaomi bought nearly 1,500 technology patents from the US technology giant Microsoft Corp.

The deal looks to pave the way for Xiaomi to sell its devices in Western markets.

The patents cover wireless communications, video, cloud and multi-media technologies.

Under the deal, whose financial terms were not disclosed, Microsoft Office and Skype will come pre-installed on Xiaomi devices.

In context

Xiaomi eyes global market

Origin

The beginnings of Xiaomi

Xiaomi was founded as a software company creating new custom ROM based on Android.

It was started in April 2010 by Lei Jun along with eight other partners.

One of the first devices that came from Xiaomi was Mi One phone, in 2011.

Xiaomi currently exports to seven countries outside of China and Hong Kong, including Taiwan, Singapore, Malaysia, Philippines, India, Indonesia, and Brazil.

Xiaomi Products

Xiaomi products include MIUI, Mi Phone, Mi TV, Tablets, Mi Routers, and Mi Ecosystem which includes a wide range of gadgets such as Mi Band, Mi In Ear Headphones, Mi Powerbank, Mi Smart Scale, Mi Water Purifier etc.

Funding and investments of Xiaomi

Funding

Funding and investments of Xiaomi

Xiaomi received a total equity funding of $1.45B in 6 rounds from 11 investors.

Its investors include - All-Stars Investment, Singapore sovereign wealth fund GIC, DST Global, Morningside Group, Qiming Venture Partners, HOPU Investment Management company, Qualcomm Ventures and Ratan Tata.

Xiaomi has 13 investments in 12 companies including Hungama, Misfit wearables, Pebble interfaces, iHealthlabs, Xunlei, Ninebot, Careland, Westhouse, iQiyi, GWC, Lizhi, and Jimubox.

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2 Jun 2016

Xiaomi buys 1500 patents from Microsoft

Chinese Smartphone maker Xiaomi bought nearly 1,500 technology patents from the US technology giant Microsoft Corp.

The deal looks to pave the way for Xiaomi to sell its devices in Western markets.

The patents cover wireless communications, video, cloud and multi-media technologies.

Under the deal, whose financial terms were not disclosed, Microsoft Office and Skype will come pre-installed on Xiaomi devices.

Expansion a necessity amid low sales, domestic competition

2 Jun 2016

Expansion a necessity amid low sales, domestic competition

Xiaomi's position in China has been under constant attack from even lower-end Android vendors, so expanding overseas is now considered a necessity.

Expanding is also part of strategy to improve sales, which have been on decline.

Xiaomi sold more than 70m phones in 2015, up from 61m the year before but missing both its original target of 100m and a revised goal of 80m.

2 Jun 2016

Microsoft deal addresses intellectual property issue

The Microsoft patent deal addresses a key weakness which Xiaomi faces - seeking to sell its devices in countries outside its home market.

A lean patent portfolio has so far hindered Xiaomi's efforts to ramp up exports.

In the smartphone industry, patent litigation is a serious challenge, and access to large number of patents allows companies to reduce their vulnerability to lawsuits.

19 Jan 2017

Xiaomi launches smartphone worth Rs.9,999

Chinese smartphone brand Xiaomi made its first major launch of 2017-a Redmi Note 4 smartphone.

The smartphone comes in 3 variants- 2GB RAM and 32GB internal storage, 3GB RAM and 32GB internal storage and 4GB RAM and 64GB internal storage.

According to company claims, Redmi Note 4 is the best available smartphone in this price range.

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