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The microblogging realm has been buzzing these past few days with speculation on a brief China visit late last week by Google (Nasdaq: GOOG) Chairman Eric Schmidt, who checked out counterfeit goods at a gadget market in Beijing’s Zhongguancun high-tech area. Equally interesting was the inclusion in Schmidt’s group of 2 former Google executives who now work for Xioami, the fast-rising smartphone maker that hopes to someday become China’s equivalent of Apple (Nasdaq: AAPL). Read Full Post…
High-flying smartphone maker Xiaomi is at the center of 2 recent strings of microblog posts, one touching on an interesting new connection with Facebook (Nasdaq: FB) and the other hinting at an increasingly cozy relationship with struggling online clothing seller Vancl. Interestingly, Xiaomi’s talkative co-founder and chief executive Lei Jun is largely absent from the dialogue in both cases, which each has sensitive overtones, implying that perhaps we could see more news in the weeks ahead. Read Full Post…
Most of the world is buzzing with speculation about what prompted a top Google (Nasdaq: GOOG) executive to defect to Chinese smartphone maker Xiaomi, but few are giving much credit to one of China’s hottest tech companies for luring Hugo Barra to join its ranks. Most media are focusing instead on an apparent love triangle between Google co-founder Sergey Brin and an unnamed current love interest, who just happens to be an ex-girlfriend of Barra. (English article) But instead, I would venture to guess that Barra’s departure has less to do with this titillating love story, and more to do with Xiaomi’s aggressive global aspirations, including its recent receipt of $2 billion in new funding — the most ever for a privately funded China tech firm. (previous post) Read Full Post…
