Published: Tue, November 21, 2017
Hi-Tech | By Ellis Neal

These Xiaomi smartphones won't get any update after receiving MIUI 9

These Xiaomi smartphones won't get any update after receiving MIUI 9

Lei said that the plan will be to replicate what it has done in China, where it has invested $4bn in 300 different companies. Shunwei Capital was founded in 2011 by Lei Jun and Tuck Lye KOH, and has invested in mobile internet and IoT companies such as Xiaomi, self-balancing scooter Ninebot, 17zuoye, video streaming service provider iQiyi, Renrenche, 51Talk, Aiyibang, Misfit, and Xiaomi's real-time video call provider Agora.io.

Earlier this year Xiaomi India head Manu Jain had told VCCircle that the company was looking to back startups that enhance mobile experience.

"Any apps that increase the frequency of usage of smartphones-we're interested in this. The goal is to work closely (on the business side) with these companies", Lei added. That is the Xiaomi business model.

Chinese smartphone major Xiaomi will invest $1 billion in 100 Indian startups in next five years. "We've reached just a huge scale in seven years because of this partnership/affiliation model", added Lei.

While one of the fastest growing brands year-on-year, the company is now seeking to build its own app ecosystem to take on the might of its biggest rival, Huawei.

Xiaomi, one of the world's most valuable privately held tech companies, is the most prominent Chinese investors in India after the two internet giants, Alibaba Group Holding Ltd and Tencent Holdings Ltd.

Xiaomi entered India market in July 2014.

Xiaomi accounted for 23.5 percent of smartphone shipments in the country in the September quarter, according to the latest data released by IDC.

"Samsung has all those covered, only thing Samsung has missed out on is capturing a greater share of ecommerce channels and high-spec low-priced offerings to compete with Chinese brands such as Xiaomi which if it is able to match then we have a game on", Sharma said. The company sells smartphones & its accessories, televisions, air purifies and other electronic products. Other than this, a new Mi Video App is being introduced as well. We can only go for an IPO when we feel comfortable. "We haven't made any losses except in 2015 when we lost a little bit of money because of working on global expansion".

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