Manu Kumar Jain, the global vice president of Chinese electronics giant Xiaomi, announced his resignation on January 30. Jain joined the firm in 2014 and joined its international business in July 2021. He has served as the head of Xiaomi's India business for a long time.
On January 27, Counterpoint Research, a global research firm, released its sales report for China's smartphone market in 2022. The country's smartphone sales declined 14% year-on-year in the previous year and reached their lowest level in a decade.
Xiaomi founder Lei Jun has recently withdrawn from three affiliated companies, including Xiaomi Software Technology Co., Ltd., Xiaomi Pictures Co., Ltd. and Beijing Tianmi Technology Co., Ltd.
Xiaomi's first car reportedly will be a medium-sized fastback sedan referred to by internal code "Modena," with two versions for which the prices have not yet been decided.
Chinese consumer electronics giant Xiaomi issued a letter to all employees on December 30, announcing that Cui Baoqiu, the former vice president of the group and general manager of the Learning and Development Department, has left for personal reasons.
Xiaomi sub-brand Redmi launched its new Redmi K60 smartphone series in China on December 27. The new lineup includes the Redmi K60, Redmi K60 Pro, and Redmi K60E. A "Speed Edition" for the Note 12 Pro has also been launched.
Meizu, a Chinese consumer electronics manufacturer, announced on December 23 that it will build 1,000 stores in the next three years, covering not only mobile phones and vehicles, but also AR glasses, tablets, watches and smart home appliances.
A battery patent application submitted by Xiaomi was authorized on December 20. This utility battery model is equipped with liquid cooling plates on both sides of each row of cells, allowing the temperature of each row to be regulated by two large liquid cooling plates.
Beijing-based tech giant Xiaomi has reportedly initiated a new round of layoffs. Furthermore, two enterprises that have received major Xiaomi backing – Black Shark and ZMI – have also been exposed to extensive layoffs.
Lei Jun, founder and CEO of Chinese smartphone manufacturer Xiaomi, issued an internal letter on December 22, announcing that Wang Xiang, President of Xiaomi, will retire at the end of the month and continue to serve as a senior consultant.
Several Xiaomi employees recently wrote on Chinese career and social networking platform Maimai that during a product launch conference on December 11, roughly 6,000 employees received notices of being laid off.
Chinese consumer tech giant Xiaomi held a product launch conference on December 11, officially releasing the high-end flagship Xiaomi 13 smartphone series, a new MIUI 14 operating system and various AIoT products.
Hanxing Venture Capital, a Xiaomi affiliate, recently increased its investment in Hefei-based chip firm Rhino. The company's core products are autonomous driving chips but is also involved in developing autonomous driving solutions and development tool chains.
Chinese consumer electronics giant Xiaomi has recently begun to promote a press conference that will be held at 7 p.m. on December 1, Beijing time. The Xiaomi 13 smartphone series, the firm's first desktop computer and other products will all be released at the event.
The progress of Xiaomi's vehicle manufacturing project is reportedly falling short of expectations, which may eventually lead to lower product competitiveness.
Affected by positioning upgrades, material costs, the continued impact of COVID-19, exchange rate fluctuations and other factors, the unit price of the upcoming Xiaomi 13 smartphone series is expected to increase by 15-20% to around 4,500 yuan ($628).
Xiaomi released its financial report for the third quarter of 2022 on November 23. Its revenue in the period was 70.47 billion yuan ($9.87 billion), down 9.7% year-on-year. Net profits were -1.476 billion yuan, while adjusted net profits were 2.117 billion yuan, down 59.1% year-on-year.
According to a suspected leak of the packaging for a new product, Xiaomi will probably skip its 13 series and release 14 series directly. However, Wang Hua, general manager of Xiaomi's public relations department, denied the rumor.
During the Snapdragon Summit 2022, Qualcomm Technologies introduced its latest premium mobile platform, the Snapdragon 8 Gen 2. This new product is set to be adopted by many Chinese smartphone brands, including OPPO, Honor, OnePlus, vivo, Xiaomi, and more.
Virtual user-generated content metaverse platform Yahaha announced on November 15 that it has completed round-A+ financing totaling $40 million, jointly led by Temasek and Alibaba and followed by 37 Interactive Entertainment.