Xiaomi News & Updates

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Xiaomi To Invest Upto Rs 7,000 Crore In 100 Indian Startups - Bloomberg Quint

 

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Xiaomi is setting up three new smartphone factories in India to meet demand | Android Central

 

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Xiaomi promises to change its ways and release kernel source code within 3 months of device launches

 

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GoPro Surges on Report That Xiaomi Has Considered an Offer - Bloomberg

 

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China Startup Eyeing $100 Billion IPO Vows to Limit Profits - Bloomberg

Company to restrict hardware margin to 5 percent or less
Lei Jun envisions Xiaomi’s profit model as IPO filing nears

This is pretty incredible stuff.

The Beijing-based company, led by serial entrepreneur Lei Jun, is promising to limit the net profit margin in its hardware business "forever” to no more than 5 percent, according to an emailed statement. The policy will apply to smartphones -- its biggest revenue source -- as well as other gadgets it makes. It pledged to distribute the excess amount to its users if the margin exceeds the cap in coming years.

 

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Life without _____ is just noise. Mention the missing word in the comments below and you might win F-codes. #MiPopPlay

 

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