Tag Archives: Xiaomi

Xiaomi latest Business & Financial news from Doug Young, the Expert on Chinese High Tech companies, (former Journalist and Chief editor at Reuters)

INTERNET: Microsoft in New China Tack with MSN Spin-Off

Bottom line: Microsoft’s spin off of its MSN China portal to a management-led group looks similar to the sale of its cellphone patent portfolio to Xiaomi, and is aimed at handing off underperforming assets to strategic partners.

Microsoft spins off MSN China

Microsoft (Nasdaq: MSFT) chief executive Satya Nadella is making one of his biggest strategic moves in China two years after taking over as head of the company, with word that the software giant is spinning off its local MSN web portal to a management-led group. This particular development actually first surfaced back in May, when reports emerged that Microsoft planned to closed down the Chinese version of its MSN portal that is a central part of its global Internet strategy. Apparently those reports were premature, and the company instead will continue to operate this meager part of its China Internet presence through a third-party partner. Read Full Post…

China News Digest: September 1, 2017

The following press releases and news reports about China companies were carried on September 1. To view a full article or story, click on the link next to the headline.

  • Tencent (HKEx: 700) Announces Interim Results (HKEx announcement)
  • Xiaomi to Launch Mobile Payment Service Mi Pay with Bank Card Support (English article)
  • Sina (Nasdaq: SINA) Announces Distribution of Weibo (Nasdaq: WB) Shares (PRNewswire)
  • Fosun (HKEx: 656) in Talks to Buy Stake in Russia’s Renaissance Capital (English article)
  • ChineseAll Digital Publishing (Shenzhen: 300364) Buys 16 Pct of Sina Reader (Chinese article)
  • Latest calendar for Q2 earnings reports (Earnings calendar)

SMARTPHONES: Xiaomi Eyes US, Following Microsoft Alliance

Bottom line: Xiaomi could launch in the US within the next 12 months and benefit from its recent tie-up with Microsoft, but it will face a big uphill battle due to stiff competition, lack of name recognition and unexciting models.

Xiaomi eyes US — again

Following several recent false starts, fading Chinese smartphone sensation Xiaomi is saying it’s aiming to enter the tough US market soon. We’ve heard similar talk before, and at one time such a move would have been quite exciting and controversial when some were comparing Xiaomi to a China’s homegrown answer to Apple (Nasadq: AAPL). But Xiaomi’s star has faded considerably over the last year, partly due to intense competition in China but just as much due to a reputation for shoddy quality and unexciting phones. Read Full Post…

News Digest: August 20-22, 2016

The following press releases and news reports about China companies were carried on August 20-22. To view a full article or story, click on the link next to the headline.

  • Xiaomi Suits Up for a Debut on Apple’s (Nasdaq: APPL) US Home Turf (English article)
  • Tencent Boosts JD.com (Nasdaq: JD) Stake to 21.25 Pct Becomes Top Stakeholder (Chinese article)
  • Lufax Plan for IPO by Year-End Unchanged, Prefers Domestic China Listing (Chinese article)
  • Yunda Follows Other Parcel Delivery Firms with Plans for 17.7 Bln Yuan Back Door Listing (Chinese article)
  • China Unicom (HKEx: 762) to Eliminate Roaming Fees From October (Chinese article)
  • Latest calendar for Q2 earnings reports (Earnings calendar)

SMARTPHONES: Lei Jun Focuses on Xiaomi, Huawei Likes India

Bottom line: Lei Jun’s resignation as YY chairman to focus on his struggling Xiaomi reflects his own fading star power, while Huawei is unlikely to reach its goal of taking 10 percent of the India smartphone market by the end of next year. 

Lei Jun steps down as YY chairman

A couple of smartphone stories are in the headlines on this final day of the work week, capping a flurry of industry news that reflects the turmoil in China’s overheated market. Both items are relatively second-tier news, led by the resignation of Lei Jun from his position as chairman of social networking site YY (Nasdaq: YY) to focus on reviving his ailing Xiaomi smartphone empire. The other item has market leader Huawei hyping India, where it is getting set to launch a manufacturing facility and has ambitious plans for taking 10 percent of the market. Read Full Post…

China News Digest: August 19, 2016

The following press releases and news reports about China companies were carried on August 19. To view a full article or story, click on the link next to the headline.

  • Momo (Nasdaq: MOMO) Announces Withdrawal of Privatization Offer (GlobeNewswire)
  • Lei Jun Resigns as YY (Nasdaq: YY) Chairman to Focus on Xiaomi Revival (Chinese article)
  • NetEase (Nasdaq: NTES) Reports Q2 Unaudited Financial Results (PRNewswire)
  • Huawei to Manufacture Smartphones in India, Eyes 10 Pct Market Share (Chinese article)
  • Air Conditioner Maker Gree (Shenzhen: 000651) Makes $2 Bln Bet on Electric Cars (English article)
  • Latest calendar for Q2 earnings reports (Earnings calendar)

SMARTPHONES: LeEco Names Coolpad CEO, Eyes China Smartphone Crown

Bottom line: LeEco and Coolpad could see a brief surge in smartphone sales due to strong promotional efforts, but will rapidly fade when consumers realize its models are the same as many other products on the market.

Coolpad gets new CEO

Just a day after the release of new data showing the surging Oppo was close to stealing China’s smartphone crown from a stumbling Huawei, sector newcomer and online video superstar LeEco (Shenzhen: 300104) is talking up new sales targets that imply it believes it can win the title as soon as next year. That’s quite big talk for a company that only entered the smartphone business last year and has never finished among the top 5 vendors for China. But LeEco CEO Jia Yueting has never been afraid of making such bold predictions, following a Chinese tradition that has seen similar big talk come from most of the nation’s other major smartphone makers. Read Full Post…

China News Digest: August 17, 2016

The following press releases and news reports about China companies were carried on August 17. To view a full article or story, click on the link next to the headline.

  • Apple (Nasdaq: AAPL) to Open First Independent Asia Pacific R&D Center in China (Chinese article)
  • Former Huawei Honor Brand President Named as Coolpad (HKEx: 2369) CEO (Chinese article)
  • Vipshop (NYSE: VIPS) Reports Unaudited Q2 Results (PRNewswire)
  • Shenzhen-Hong Kong Stock Trading Link Gets Green Light (English article)
  • Xiaomi Launches Mini Smart Washing Machine for 1,499 Yuan (Chinese article)
  • Latest calendar for Q2 earnings reports (Earnings calendar)

SMARTPHONES: Huawei Hits Brakes, Apple Tumbles in Q2

Bottom line: The latest quarterly smartphone data show Oppo could soon take China’s smartphone crown from Huawei, whose rapidly slowing sales could cause it to badly miss its 2016 target.

Oppo closes in on China smartphone crown

Recent trends in China’s fiercely competitive smartphone market are accelerating in the latest quarterly data, led by a plunge in sales and market share for Apple (Nasdaq: AAPL) and sharply slowing growth for local leader Huawei. At the same time, the surging Oppo continues its meteoric rise to cement its position as China’s second largest smartphone maker, as it closes in on Huawei.

All that said, the smartphone crown for China, the world’s biggest market, is shaping up to be quite a hot potato that changes hands often. Just 3 years ago that title belonged to Samsung (Seoul: 005930), which was later supplanted by Xiaomi, a former superstar that barely made the top 5 in the newly released second-quarter rankings from IDC. (press release) Apple has also briefly held the title, only to be overtaken last year by current leader Huawei. Read Full Post…

SMARTPHONES: Apple’s Tumble from China Tree Accelerates

Bottom line: Apple could be on the cusp of a prolonged China downturn unless it can roll out smartphones with new breakthrough technology, as it gets overwhelmed by similar Chinese models that sell for far lower prices.

Apple China sales tumble 33 pct in Q2

The latest financial report from Apple (Nasdaq: AAPL) shows the company continues to struggle as sales of its core iPhones pass their prime, and nowhere is that story more apparent than in China. The company’s Greater China sales, which also includes Hong Kong and Taiwan, fell 33 percent in its latest reporting quarter, accelerating from an already sharp drop of 26 percent in the first 3 months of this year.

The rapid decline dropped China to Apple’s third largest market globally from its former spot as the company’s second largest, with Europe taking over the number two position. Apple’s story is hardly unique, as the world’s other global leader Samsung (Seoul: 005930) has also seen a sharp reversal over the last year after its own recent rise to take the global smartphone crown. Read Full Post…

PCs: Xiaomi Aims Low with Notebook PC Entry

Bottom line: Xiaomi’s new move into notebook PCs looks like a necessary step toward its goal of creating an ecosystem of entertainment products and services, but is likely to suffer from weak reviews and stiff competition from established brands.

Xiaomi rolls out notebook PCs

I really want to write something positive about fading smartphone maker Xiaomi these days, but the company really isn’t giving us much suitable material with its steady string of new but uninspired products. The latest of those is a couple of new notebook PC models, marking its move into a crowded area where it will face stiff competition from established players like Apple (Nasdaq: AAPL) and Lenovo (HKEx: 992), as well as new entrant Huawei.

One could argue that while Xiaomi is coming late to the notebook PC game, such a move is still necessary since such computers will be a critical component to the company’s dream of building an ecosystem of products and services around a range of interfaces like PCs, smartphones and TVs. And Xiaomi is still ahead of the more upward trending LeEco (Shenzhen: 300104), which likes the ecosystem idea so much that it actually changed its former name from LeTV to include this recent industry buzzword. Read Full Post…