30-684: The Logic is a subscription-based Canadian news outlet focused on the "innovation economy," which has been compared to The Information . The website was founded in June 2018 by David Skok, who was previously associate editor for Toronto Star , managing editor and vice-president of digital for the Boston Globe , and director of digital for Global News . When the website was first launched, Moira Weigel, co-founder and editor of Logic, an American technology magazine launched in March 2017, took issue with
60-489: A 24.7% stake in Roborock. In December 2014, Xiaomi raised US$ 1.1 billion at a valuation of over US$ 45 billion, making it one of the most valuable private technology companies in the world. The financing round was led by Hong Kong-based technology fund All-Stars Investment Limited, a fund run by former Morgan Stanley analyst Richard Ji. In 2014, the company sold over 60 million smartphones. In 2014, 94% of
90-639: A mid-range smartphone line, first launching in India. In Q4 of 2018, the Xiaomi Pocophone F1 became the best-selling smartphone sold online in India. The Pocophone was sometimes referred to as the "flagship killer" for offering high-end specifications at an affordable price. The company opened new headquarters in Beijing in July 2019 after almost four years of construction. In October 2019,
120-543: A smartphone gaming brand called Black Shark. It had 6GB of RAM coupled with Snapdragon 845 SoC, and was priced at $ 508, which was cheaper than its competitors. On 2 May 2018, Xiaomi announced the launch of Mi Music and Mi Video to offer "value-added internet services" in India. On 3 May 2018, Xiaomi announced a partnership with 3 to sell smartphones in the United Kingdom, Ireland, Austria, Denmark, and Sweden In May 2018, Xiaomi began selling smart home products in
150-454: Is a Chinese designer and manufacturer of consumer electronics and related software, home appliances , automobiles and household hardware , with headquarters in Beijing, China. It is the second-largest manufacturer of smartphones in the world, behind Samsung , most of which run on the MIUI (now Xiaomi HyperOS ) operating system . The company is ranked 338th and is the youngest company on
180-590: The Fortune Global 500 . Xiaomi was founded in 2010 in Beijing by Lei Jun along with six associates. Lei had founded Kingsoft as well as Joyo.com , the latter of which he sold to Amazon for $ 75 million in 2004. In August 2011, Xiaomi released its first smartphone and, by 2014, it had the largest market share of smartphones sold in China. Initially the company only sold its products online; however, it later opened brick and mortar stores. By 2015, it
210-581: The Android platform. He was employed as vice president of Xiaomi to expand the company outside of mainland China, making Xiaomi the first company selling smartphones to poach a senior staffer from Google's Android team. He left the company in February 2017. In September 2013, Xiaomi announced its Xiaomi Mi 3 smartphone and an Android-based 47-inch 3D-capable Smart TV assembled by Sony TV manufacturer Wistron of Taiwan. In October 2013, it became
240-743: The European Union (EU) through a partnership with ABC Data. Also in September 2016, the Xiaomi Mi Robot vacuum was released by Roborock. On 26 October 2016, Xiaomi launched the Mi Mix, powered by the Qualcomm Snapdragon 821 processor. On 22 March 2017, Xiaomi announced that it planned to set up a second manufacturing unit in India in partnership with contract manufacturer Foxconn. On 19 April 2017, Xiaomi launched
270-411: The " Apple of China". It has come up with its own range of wearable items. It also is a major manufacturer of appliances including televisions, flashlights , unmanned aerial vehicles , and air purifiers using its Internet of things and Xiaomi Smart Home product ecosystems. Xiaomi keeps its prices close to its manufacturing costs and bill of materials costs by keeping most of its products in
300-682: The Mi Mix Fold. Powered by Qualcomm Snapdragon 888 with an 8.01-inch foldable AMOLED display when open and a 6.5-inch external display when folded. In March 2020, Xiaomi showcased its new 40W wireless charging solution, which was able to fully charge a smartphone with a 4,000mAh battery from flat in 40 minutes. In October 2020, Xiaomi became the third-largest smartphone maker in the world by shipment volume, shipping 46.2 million handsets in Q3 2020. On 30 March 2021, Xiaomi announced its intention to invest US$ 10 billion in electric vehicles over
330-648: The Mi5, powered by the Qualcomm Snapdragon 820 processor. On 3 March 2016, Xiaomi launched the Redmi Note 3 Pro in India, the first smartphone to be powered by a Qualcomm Snapdragon 650 processor. On 10 May 2016, Xiaomi launched the Mi Max, powered by the Qualcomm Snapdragon 650/652 processor. In June 2016, the company acquired patents from Microsoft . In September 2016, Xiaomi launched sales in
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#1732773357779360-527: The Mi6, powered by the Qualcomm Snapdragon 835 processor. In July 2017, the company entered into a patent licensing agreement with Nokia . On 5 September 2017, Xiaomi released Xiaomi Mi A1 , the first Android One smartphone under the slogan: Created by Xiaomi, Powered by Google. Xiaomi stated started working with Google for the Mi A1 Android One smartphone earlier in 2017. An alternate version of
390-567: The United States through Amazon . In June 2018, Xiaomi became a public company via an initial public offering on the Hong Kong Stock Exchange , raising $ 4.72 billion. On 7 August 2018, Xiaomi announced that Holitech Technology Co. Ltd., Xiaomi's top supplier, would invest up to $ 200 million over the next three years to set up a major new plant in India. In August 2018, the company announced POCO as
420-652: The company announced that it would launch more than 10 5G phones in 2020, including the Mi 10/10 Pro with 5G functionality. On 5 November 2019, Xiaomi announced that it would enter the Japanese market. It established a subsidiary, Xiaomi Japan, as parts of its effort to enter the Japanese smartphone market. On 17 January 2020, POCO India became a separate sub-brand of Xiaomi with entry-level and mid-range devices, followed by its global counterpart on 24 November 2020. In March 2020, Xiaomi launched their first foldable phone,
450-687: The company operates an Asia bureau headed by Shai Oster in Hong Kong . The company held an international networking event 2016 in Beijing , where annual subscribers met with leaders from Asian companies such as electronics company Xiaomi , venture capital firm Shunwei Capital , and investment management firm Hillhouse Capital Group . The publication focuses on in-depth, data-driven analysis and exclusive investigative stories. Forbes reported that stories reported in The Information led to
480-451: The company raised $ 90 million in a Series B round. In June 2012, the company raised $ 216 million of funding in a Series C round at a $ 4 billion valuation. Institutional investors participating in the first round of funding included Temasek Holdings , IDG Capital , Qiming Venture Partners and Qualcomm . In August 2013, the company hired Hugo Barra from Google, where he served as vice president of product management for
510-458: The company's revenue came from mobile phone sales. In April 2015, Ratan Tata acquired a stake in Xiaomi. On 30 June 2015, Xiaomi announced its expansion into Brazil with the launch of locally manufactured Redmi 2; it was the first time the company assembled a smartphone outside of China. However, the company left Brazil in the second half of 2016. On 26 February 2016, Xiaomi launched
540-514: The fifth-most-used smartphone brand in China. In 2013, Xiaomi sold 18.7 million smartphones. In February 2014, Xiaomi announced its expansion outside China, with an international headquarters in Singapore. In April 2014, Xiaomi purchased the domain name mi.com for a record US$ 3.6 million , the most expensive domain name ever bought in China, replacing xiaomi.com as the company's main domain name. In September 2014, Xiaomi acquired
570-420: The market for 18 months, longer than most smartphone companies. The company also uses inventory optimization and flash sales to keep its inventory low. On 6 April 2010 Xiaomi was co-founded by Lei Jun and six others: Lei had founded Kingsoft as well as Joyo.com, the latter of which he sold to Amazon for $ 75 million in 2004. At the time of the founding of the company, Lei was dissatisfied with
600-588: The news outlets subscriptions. The Information (company) The Information , legally the Lessin Media Company , is an American technology industry –focused business publication headquartered in San Francisco . Founded in 2013 by journalist Jessica Lessin , the publication publishes content behind a paywall that allows subscribers access to the site and access to global networking events. Lessin has stated that she aims to "build
630-654: The next Wall Street Journal over the next 50 years" with the publication. Jessica Lessin , a former reporter for The Wall Street Journal , founded The Information as a subscription-based news website marketed to technology-sector executives in December 2013. She hired reporter Eric Newcomer as its first employee in 2014. Lessin later formed an advisory board which included venture capitalist John Doerr , Politico co-founder Jim VandeHei , and ProPublica executive chairman Paul Steiger . Lessin has stated that she wants The Information to eventually reach
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#1732773357779660-649: The phone was also available with MIUI, the MI 5X. In 2017, Xiaomi opened Mi Stores in India, Pakistan and Bangladesh. The EU's first Mi Store was opened in Athens , Greece in October 2017. In Q3 2017, Xiaomi overtook Samsung to become the largest smartphone brand in India. Xiaomi sold 9.2 million units during the quarter. On 7 November 2017, Xiaomi commenced sales in Spain and western Europe. In April 2018, Xiaomi announced
690-497: The point where it is spending more than either The Wall Street Journal or The New York Times , and stated "Our ambition isn't to build a subscription business — our goal is to build the most impactful news organization for the next century". In February 2020, the company announced a partnership with Bloomberg Media , enabling customers to purchase a year-long joint bundle. The Financial Times reported in November 2021 that
720-491: The products of other mobile phone manufacturers and thought he could make a better product. On 16 August 2010, Xiaomi launched its first Android -based firmware MIUI (Now Xiaomi HyperOS ). In 2010, the company raised $ 41 million in a Series A round . In August 2011, the company launched its first phone, the Xiaomi Mi 1 . The device had Xiaomi's MIUI firmware along with Android installation. In December 2011,
750-590: The publication as well as worldwide networking events. In October 2016, it was announced that a student edition and Investor level would be added to the subscription levels. An Investor subscription includes private monthly conference calls and in-person briefings with the reporting team. In July 2022, it was reported that Lessin intends for The Information to launch a social networking service for subscribers, stating that platforms like Facebook and LinkedIn have grown too large to be able to curate strong connections. In addition to its San Francisco headquarters,
780-432: The publication has 225,000 "users", a figure that includes subscribers and individuals who have signed up for newsletters. As of 2022, the publication has 45,000 paid subscribers. In 2023, the publication launched a new subscription service for charts, proprietary data and, reader surveys. The service will be geared towards C-suite professionals. Basic subscriptions for The Information provide readers access to both
810-694: The publication's reader base work in financial services . In 2022, The Information published an exclusive report detailing the issues faced by Apple during the development of the Apple electric car project . The report revealed that senior vice president of software engineering Craig Federighi is skeptical of the project's viability, and that one of the vehicles came close to hitting a pedestrian without human intervention. Vanity Fair included The Information on its 2014 New Establishment list. Xiaomi Xiaomi Corporation ( / ˈ ʃ aʊ m i / ; Chinese : 小米 集团 ), commonly known as Xiaomi ,
840-583: The similarity of the names. The Logic has reported extensively on business in Canada, most notably reporting on Sidewalk Labs and their Waterfront Toronto project. Their reporting is paywalled, and requires a subscription starting at $ 300. In May 2019, Postmedia acquired a minor stake in The Logic, and began to republish stories on the Financial Post's website and newspaper, along with advertising
870-632: The site contributing to over $ 97 billion worth of brokered industry deals since its founding. In April 2017, The Information announced the launch of Briefing, a new feature to the site consisting of a list of daily headlines with commentary on articles from other news sources. In December 2019, the company launched 'The Tech Top 10', a basic, consumer-focused offering. In 2021, the company launched The Electric , its first standalone subscription publication, which focuses on electric vehicle news. Lessin has indicated that The Information plans to expand its coverage into financial news, and that one third of
900-399: Was developing a wide range of consumer electronics. In 2020, the company sold 149.4 million smartphones and its MIUI (now Xiaomi HyperOS) mobile operating system has over 500 million monthly active users. As of August 2024, Xiaomi is the second-largest seller of smartphones worldwide, with a market share of about 12%, according to Counterpoint. Its presence led some people to call Xiaomi
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