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An open letter from our CEO

(简体中文版请见下方。Please scroll down for the Simplified Chinese version.)

Dear Xiaomi colleagues,

On the first working day of 2020, I would like to extend my New Year greetings to you all.

2019 has come to an end. For Xiaomi, it was a year of both prudence and drive. As our industry entered a critical transition from 4G to 5G, we focused on healthy operations to drive our capabilities in building better quality products, innovation and delivering new products in the future.

We also made a series of strategic changes in branding, product portfolio and organization structure which have laid a solid foundation for the company’s long term development.

Our smartphone business officially launched a dual brand strategy. The smartphone brand separation of Redmi from Xiaomi and their independent operations brought us great success. We continue to be ranked fourth globally in regards of smartphone shipment and our prudence has helped us achieve a healthy inventory level. This differentiates us from the industry and enables us to enter the 5G era without undue burden.

2019 was a significant year for our global expansion, our overseas revenue now accounts for almost half of our total group revenue. Xiaomi is now truly a global technology leader. Our internet business also became more diversified and our AIoT business retained its global leadership. Xiaomi is now widely known as a “true AIoT leader” in the industry.

In 2019, Xiaomi made the Fortune Global 500 list for the first time, becoming the youngest Fortune Global 500 company. What is more important is that we laid the foundation of a strong organization management. We have taken steps to streamline the organization structure, and our senior management rotation is in full swing. We promoted many young and capable leaders, refined our talent grading and selection mechanisms and began training programs at Qinghe University. A deep talent pool will go a long way in contributing to Xiaomi’s long term growth.

On this occasion, I want to express my utmost appreciation to each and every Xiaomi colleague. Thank you for your courage, resilience, and dedication. You have all worked very hard. I am also thankful to all your family members and loved ones, a sincere thank you for their understanding and support.

2020 will be a year of breakthroughs for our 5G business and a critical year for us to further push forward our “smartphone+AIoT” strategy.

It is clear to us the strategic importance of “5G+AI+IoT and next generation super internet”. 5G is not solely about a faster smartphone network. “5G+AIoT” represents Xiaomi’s ability to offer services across our comprehensive product line. It gives us the chance to offer unique and pioneering AIoT use cases.

“5G+AI+IoT and next generation super internet” perfectly fits Xiaomi’s Internet DNA. We can bring truly smart and innovative technology and enable everyone to enjoy a better life through this. At the beginning of 2019, we talked about going “All in AIoT”, and planned an investment of RMB 10 billion (~USD 1.43 billion) in this field over the next five years. After a year of verification, we are increasing our investment in this. We now believe we will invest at least RMB 50 billion (~USD 7.18 billion) over the five years in “5G+AIoT” to double down on our lead in the field. This is to ensure we win in this new smart era.

Today is the first working day of 2020. 2020 also marks the 10th year of Xiaomi’s entrepreneurial journey.

The New Year’s first working day brings us two pieces of good news. The first is that our Mi TV team has celebrated Mi TV’s No.1 ranking in China shipments (and top five globally). We accomplished an unprecedented record, becoming the first smart TV brand to ship more than 10 million units annually in China ever.

The second is that Mr. Chang Cheng has just joined our big family. Mr. Chang, with extensive experience in the field of consumer electronics, will serve as Vice President of Xiaomi Group and will be responsible for Xiaomi smartphone products. We welcome and embrace all outstanding talents who truly believe in our values. We will continue to attract more top talents from around the world.

In addition, I kindly urge all Xiaomi colleagues to remember the following five guiding principles. That we must make friends with our users, continue to bring the best price to performance hardware to them, prioritize technological innovation, work hard to deliver the best quality products, and embrace our entrepreneurial spirit.

We will celebrate the 10th birthday of Xiaomi this April with all Xiaomi colleagues, all our friends who have helped us along the way, and our Mi Fans who have always supported us. We must remain true to our roots and remember how we managed to come so far. Xiaomi is still a young company. We are here today because of our dreams, and we will have a bright future because we continue to dream.

I am looking forward to Xiaomi’s next 10 years.

Lei Jun

Founder, Chairman and CEO of Xiaomi

January 2, 2020

Beijing

>>

小米的同学们:

大家新年好!

2019年刚刚过去了,对于小米而言,这是稳健经营的一年,也是积极进取的一年。通讯技术正处于从4G向5G切换的关键时刻,我们采取了稳健的经营策略,持续夯实品质、创新、交付等能力基础,进行了品牌、产品线、组织结构和管理系统等一系列重大调整,为未来的发展打下了坚实的基础。

我们的手机业务正式启动双品牌策略,小米、Redmi双品牌分拆独立运营取得喜人的成功。我们始终稳居全球前四,同时稳健经营,实现了业内罕见的全球极度健康的库存水位,得以轻装上阵拉开了5G战略大幕。2019年是我们国际化进程的高歌猛进年。来自境外市场的收入占比已经近半,小米成为一家真正的全球化公司。互联网业务充满活力也更加多元,我们的AIoT业务始终保持着全球领先地位,成为业内公认的“智能生活领先者”。

这一年里,小米首次进入财富世界500强,成为榜单中最年轻的500强公司。更重要的是小米组织管理基石的奠定。组织架构逐渐理顺,从集团高管开始的轮岗机制已经展开,我们提拔了一大批年轻干部,人才梯队建设和清河大学培训体系也已开始运转。坚实的人才、团队基础,是小米百年大计的根本!

感谢所有小米人!感谢大家在全行业遭遇严峻挑战的这一年里,展现的血性、韧性和付出的努力!大家辛苦了!同时也要感谢所有小米家属,感谢你们的理解和支持!

2020年是小米5G业务的冲锋年,是小米推动“手机+AIoT”双引擎的关键年。

我们已经明确了“5G+AI+IoT 下一代超级互联网”的战略方向,5G并不只是手机的网络性能,AIoT也不只是AI技术或IoT平台,“5G+AIoT”是贯穿集团全产品、全平台、全场景的服务能力,是小米互联网基因在新时代全面爆发的“题眼”,是我们真正为用户带来智能科技美好生活的关键。去年初,我们提出All in AIoT,5年投入100亿,经过这一年的实践充分验证了战略方向的可行性、正确性和战略投入的必要性,所以,我们现在进行加码升级:

在“5G+AIoT”战场上,未来5年我们将至少投入500亿元!我们要把AIoT、智能生活的持续优势转化为智能全场景的绝对胜势,彻底确立智能时代的王者地位。

今天是2020年的第一个工作日,也是小米创业历程走进的第10个年头。

新年开门就有两个好消息。第一件是小米电视举行了一个庆功仪式,庆祝小米小米电视稳居中国第一、世界前五的同时,还创造了一项前无古人的新纪录:小米成为中国电视史上首个在中国年出货量突破1000万台的电视品牌!

第二件事,就在刚刚,我们新招募的一位集团高管也加入了我们的大家庭。常程在消费电子领域拥有丰富的经验,他将出任小米集团副总裁,负责手机产品规划等。只要真心认同小米价值观,只要能力出众,我们都求贤若渴,将以海纳百川的姿态在全球持续招募更多行业顶尖优秀人才。

此外,我要求全体小米同学做好5个坚持:我们要坚持和用户做朋友,坚持性价比战略,坚持科技创新,坚持真材实料、死磕品质,坚持创业心态和奋斗精神。

我们将在今年4月迎来小米十周年庆,届时我们也将举办庆典,和所有小米人、所有帮助过我们的朋友、支持我们的米粉一起,庆祝这个值得纪念的时刻。更重要的是,我们要不断提醒自己为什么而出发,又因为什么才有今天的成绩。小米还是一家年轻的公司,因为理想,才走到今天;也正因为年轻、因为理想,小米征途还长,但前路更宽!

我们拥有无比坚定的信心和无比坚强的韧性,小米全新的十年一定更辉煌!

雷军

1/2/2020

Xiaomi, OPPO and vivo partner to bring new wireless file transfer system to global users

“Peer-to-Peer Transmission Alliance” to enable seamless file transfer with just one click
New file transfer system launched in anticipation of 5G adoption

Beijing, CHINA, January 2, 2020 – Global technology leader Xiaomi announced today its partnership with mobile phone giants OPPO and vivo on bringing the innovative new wireless file transfer system to consumers in global markets.

This is the latest move of the cross-brand initiative “Peer-to-Peer Transmission Alliance”, a new system that enables seamless cross-brand file transfer with just one click.

This wireless transfer feature has been available on MIUI 11*. Users of Xiaomi smartphones can experience the feature with Mi Share.

Xiaomi, OPPO and vivo have established the “Peer-to-Peer Transmission Alliance” to provide users with an unparalleled file transfer experience. The new wireless file transfer system will allow users of these three brands to easily transfer files between their mobile devices without the need for any third-party applications or network data. This system also supports a wide range of files, including photos, videos, music, documents and more.

“This expansion of the Peer-to-Peer Transmission Alliance to global users all the more underlines Xiaomi’s longstanding commitment of bringing innovation to everyone. By joining hands with vivo and OPPO, two industry leaders that have a strong user base, we are expecting to benefit smartphone users globally. Xiaomi will continue to bring more strategic partnerships of this sort to our users and Mi Fans,” said Chew Shou Zi, Senior Vice President of Xiaomi.

Instant and stable connection with low power consumption 

The wireless file transfer system provides a streamlined mobile experience which does not require internet connection. It uses Bluetooth for fast pairing and WiFi P2P (Peer to Peer) technology for the data transfer, bringing together an instant, stable and high-speed connection between devices, as well as low power consumption. This technology delivers an average transfer speed of 20MB/s. Also, the WiFi P2P technology does not interrupt the WiFi connection, meaning users remain connected and can continue their activities on the device during the file transfer.

For example, sharing photos to a smartphone of a different brand is much more convenient: once the file sharing feature is turned on on both devices, all that the users have to do is tap the “Share” button under a photo, select the other device, and tap “Send”.

Customer-first approach to drive healthy industry development

The Peer-to-Peer Transmission Alliance is a collective commitment between Xiaomi, OPPO and vivo to drive the next generation of mobile experience. Together, the three brands will continue to openly collaborate to deliver new technological breakthroughs. The alliance is also looking forward to welcoming more brands to join for an expansion that is beneficial to all.

*This feature is compatible with devices running Android Pie or later versions (not including Redmi 6 Pro, Redmi 6, Redmi 6A, Redmi 7A, Redmi 7, Redmi S2, Redmi 8, Redmi 8A, Redmi Note 8, Redmi Note 8T). Please refer to the announcements from OPPO and vivo for the availability of this feature.

Wish you a happy New Year!

Dear users, Mi Fans, media friends, business partners, potential customers and all our friends,

Good day!

No matter where you are, it is just a few hours away from a full wrap up of the second decade of the 21st century.

On the threshold of a new year, we, Xiaomi Global PRs, would like to thank you all for your attention paid to us, as well as for taking time reading news (if not full of specs jargons) and stories about Xiaomi and our products in this simple yet informative blog.

This blog has been maintained and updated manually by Xiaomi’s in-house Global PR Team since 2017.

The year of 2019 has treated us really well, we have managed to bring a lot of innovative products to users and Mi Fans alike. Our products have been recognized by ever more users in over 90 markets around the globe, in over 40 of which we ranked top five in terms of smartphone shipments as of the third quarter 2019.

Thanks to our “smartphone+AIoT” dual core strategy, as of the end of the third quarter of 2019, the number of connected Internet of Things (IoT) devices on Xiaomi’s IoT platform reached approximately 213 million units, excluding smartphones and laptop, up by 62.0% year-on-year.

With the deployment of 5G, we have also helped drive the large scale commercialization by bringing the best price to performance 5G smartphones to the market, starting from China.

May the year of 2020 bring new happiness, new resolutions, new achievements, and a lot of new inspirations. Please do stay tuned for more good news from us in the year ahead.

Also, please feel free to write to us at global-pr@xiaomi.com, should you have any enquiry, good idea or just some thoughts to share.

Happy New Year!

Your sincerely,

Warriors from Xiaomi Global PR Team

22:44, December 31, 2019, in Beijing

Xiaomi’s Mi 10 and Redmi K30 series are among the first smartphones to feature Qualcomm Snapdragon 865 and 765

Beijing, CHINA, December 4, 2019 – Today Qualcomm Technologies, Inc. announced its two latest 5G mobile platforms – the Qualcomm Snapdragon™ 865 and 765 – at the annual Qualcomm Snapdragon Tech Summit 2019 in Hawaii. Also at the summit, Lin Bin – Co-Founder and Vice Chairman of the Board, Xiaomi Corporation, announced that Xiaomi’s Mi 10 will be one of the first flagship smartphones to utilize the Snapdragon™ 865. Simultaneously, Xiaomi’s Redmi brand general manager Lu Weibing also announced the Redmi K30 smartphone series will be one of the first to feature. Combined, these announcements highlight how Xiaomi is leading the way forward with adopting cutting-edge 5G technologies. 

Snapdragon 865: 5G flagship of 2020
Mi 10 as one of the first flagship phones to utilize the new mobile platform

On the first day of the summit, Qualcomm’s President Cristiano Amon announced that 5G will become widespread in 2020, allowing more consumers worldwide to enjoy 5G multi-gigabit connectivity speeds. As the latest product from Qualcomm Technologies’ flagship 8-series mobile platform sets the standard for performance and user experience of the upcoming generation of flagship smartphones.

Following this, Xiaomi’s Lin Bin immediately announced that the Xiaomi’s next flagship, Mi 10, will be released in the first quarter of next year. As the flagship product celebrates its tenth anniversary of Xiaomi, it is one of the first smartphones to feature the Snapdragon 865 Mobile Platform. 

“The 5G era opens up new opportunities and challenges. It brings great innovations and redefines how users interact with devices, audio, and video applications. The next generation of “Super Internet” will be an all-new model that combines 5G + AI + IoT.” Lin Bin commented. “Xiaomi will fully promote the development and promotion of 5G mobile phones, and will be launching more than 10 5G-enabled mobile phones in 2020.”

Previously, Xiaomi CEO Lei Jun announced that Xiaomi’s 5G future smart factory is almost completed and will start production at the end of December. This Xiaomi “Future Factory” will use technologies such as automated production lines, 5G networks, robots, big data, and cloud service platforms on a large scale. It is expected that 60 high-end smartphones will be produced per minute, boasting an efficiency increase of more than 60% compared to traditional factories.

Snapdragon 765: Integrated SA / NSA dual mode 5G
Redmi K30 among the first to launch on December 10

As one of Xiaomi’s two brands, Redmi will be one of the first mobile phone brands to utilize Qualcomm Technologies’ new 5G Snapdragon 765 with integrated 5G, and will officially release the Redmi K30 series featuring Snapdragon 765 on December 10.

Previously, Lu Weibing, general manager of the Redmi brand, stated that Redmi’s positioning as a “5G trendsetter” in 2020 means that Redmi will be the first to adopt the latest 5G technology, the most aggressive product features and the fastest new product release schedule, so that more users can enjoy the benefits of 5G.

As Qualcomm Technologies has just released the Snapdragon 765 mobile platform on December 3, Redmi will launch a new 5G phone – Redmi K30 within a week. To launch this in such a short time frame is an achievement rare to find across the history of Qualcomm Technologies’ new flagship products. This highlights the strength of the cooperative relationship between Redmi and Qualcomm Technologies, which is unparalleled and is also a reflection of both companies’ dedication to being pioneers of 5G technologies. 

The Redmi K30 series will be equipped with a Qualcomm Snapdragon 765G Mobile Platform. “G” stands for Gaming, which is a high-performance version of the Snapdragon 765 series. The Qualcomm Snapdragon 765 series uses Qualcomm Technologies’ latest generation 5G solution, integrating SA and NSA dual-mode, and is also Qualcomm Technologies’ first integrated 5G processor.

In terms of product design, Redmi K30 features a Dual DotDisplay with ultra-small punch-hole design that enables a fullscreen experience. 

Xiaomi-Redmi dual global debut
One of most valued collaborators of Qualcomm Technologies

Looking back over the relationship between Qualcomm Technologies and Xiaomi, it’s easy to see that every generation of Xiaomi’s Mi digit-series smartphones have adopted Qualcomm Technologies’ flagship mobile platform. For example, Mi MIX 2S was one of the first smartphones to carry Snapdragon 845, Mi 9 debuted with Snapdragon 855 and the upcoming Mi 10 is expected to be one of the first to adopt Snapdragon 865.  

At the Qualcomm Snapdragon Tech Summit, Xiaomi’s Lin Bin stated that the Qualcomm Technologies and Xiaomi collaboration is unrivaled, with the total number of Xiaomi smartphones using Qualcomm mobile platforms exceeding 427 million.

Qualcomm Snapdragon is a product of Qualcomm Technologies, Inc. and/or its subsidiaries.

 

***

About Xiaomi Corporation

Xiaomi Corporation was founded in April 2010 and listed on the Main Board of the Hong Kong Stock Exchange on July 9, 2018 (1810.HK). Xiaomi is an internet company with smartphones and smart hardware connected by an IoT platform at its core.

With the vision of being friends with its users and being the “coolest company” in the hearts of its users, Xiaomi is committed to continuous innovation, with an unwavering focus on quality and efficiency. The company relentlessly builds amazing products with honest prices to let everyone in the world enjoy a better life through innovative technology.

Xiaomi is currently the world’s fourth-largest smartphone brand, and has established the world’s leading consumer IoT platform, with more than 213 million smart devices (excluding smartphones and laptops) connected to its platform. Currently, Xiaomi products are present in more than 90 countries and regions around the world and have a leading foothold in many of them.

In July 2019, the company made the Fortune Global 500 list for the first time, ranking 468th among all, and 7th among internet companies. Xiaomi is the youngest company on the 2019 Fortune Global 500 list.

Xiaomi announces latest change of executive positions

Wang Xiang promoted as President of the Group

Chew Shou Zi appointed as head of global business

 

Left: WANG Xiang; Right: CHEW Shou Zi

 

Beijing, CHINA, 29 November 2019 — Xiaomi Corporation (“Xiaomi” or “the Company”, HKEX stock code: 1810) today announced the latest change of executive positions on Nov 29.

Mr. Wang Xiang, who had been the Senior Vice President of the Group and head of global business, was promoted as the President of the Group. He will be responsible for the Group’s administrative platform, and will assist the Group’s CEO, Lei Jun, to take charge of the Group’s operations.

Mr. Lin Bin will continue to hold the positions of executive Director, Vice Chairman of the Board, and President of the Group’s Smartphone Department.

Mr. Chew Shou Zi, Senior Vice President and CFO, has been appointed as the President of the Group’s Global Business Department and will be responsible for the Group’s global business.

The board of directors has set up a CFO Search Committee to select a new CFO. Mr. Chew Shou Zi will continue to act as the CFO until the appointment of a new CFO.

In his letter to employee, Chairman and CEO Lei Jun also announced that Mr. Lu Weibing was appointed as the President of China region and will remain as the General Manager of Redmi brand. Also, Mr. He Yong was promoted as the Vice President of government affairs, administrative affairs and regional management department.

Lei said that thanks to the amazing effort of the entire Xiaomi family, the Company has delivered an outstanding set of Q3 results. Xiaomi will go all-out on 5G next year, it will also be a critical year for the Company to forge ahead with “Smartphone + AIoT” dual-engine strategy. Therefore, Xiaomi need more organization depth and energy brought on by job rotation of our management team. As such, the management team have chosen two young and promising executives Chew Shou Zi and Lu Weibing for job rotation.

For more details, please refer to the announcement:

https://www1.hkexnews.hk/listedco/listconews/sehk/2019/1129/2019112901241.pdf

Xiaomi’s adjusted net profit increased 20.3% in the third quarter

Total revenue hits record high since founding
Both total revenue and net profit beat consensus
AIoT continued to make significant progress
Overseas business developed rapidly

Hong Kong, 27 November 2019 — Xiaomi Corporation (“Xiaomi” or the “Group”; Stock Code: 1810), an internet company with smartphones and smart hardware connected by an Internet of Things (“IoT”) platform at its core, today announced its unaudited consolidated results for the third quarter of 2019 ended September 30, 2019 (“3Q2019” or “the Period”). During the Period, the Group’s total revenue increased by 5.5% year-on-year (“YoY”) to RMB53.7 billion, making 3Q2019 the quarter with the highest total revenue since founding. Adjusted net profit was RMB3.5 billion, increased by 20.3% YoY. The Group’s total adjusted net profit in the first three quarters totaled RMB9.2 billion, already exceeded the net profit of last year.

During the Period, the Group continued to operate prudently with its risk resistance capacity steadily improved and gross profit significantly optimized. Gross profit increased by 25.2% YoY to RMB8.2 billion. Gross profit margin was 15.3%. Total cash resources amounted to RMB56.6 billion.

3Q2019 Financial Highlights

  • Total revenue was approximately RMB53.7 billion, up 5.5% YoY;
  • Gross profit was approximately RMB8.2 billion, up 25.2% YoY;
  • Non-IFRS adjusted net profit was approximately RMB3.5 billion, up 20.3% YoY;
  • Earnings per share were RMB0.106.

Xiaomi Founder, Chairman and CEO Mr. Lei Jun said, “The Group has made continuous progress with the encouraging result of an expanded user base since the adoption of ‘Smartphone + AIoT’ dual-engine strategy. Following making the 2019 Fortune Global 500 List and Forbes Global 2000 List earlier this year, we also made our debut on the 2019 Fortune Future 50 List and Forbes’ Top 100 Digital Companies List, reflecting the international recognition that Xiaomi has gained with regards to its strength in digital economy and its business strategy. In anticipation of the upcoming era of 5G technology in 2020, the Group will continue to stay alert to market trends and operate prudently. With the Company’s healthy and stable cash flow and profitability, we are ready to capture and respond to the huge market opportunities that will arise from the widespread adoption of 5G technology, and plan to launch at least 10 models of 5G smartphone in 2020.”

3Q2019 Results Review

Improving gross profit of smartphone business on the back of multi-brand advantages

In 3Q2019, due to the downturn in China’s smartphone market, the Group’s revenue from smartphones segment recorded RMB32.3 billion, down 7.8% YoY. The Group adhered to a prudent operation, continuously optimizing its product portfolio and maintained a steady foothold in mid-to-high-end markets on the back of multi-brand advantages. Product profitability has also been continuously improved, with the gross profit margin of smartphones segment reaching 9.0% in the third quarter, achieving a sequential growth of two consecutive quarters. The gross profit margins in the first quarter and the second quarter were 3.3% and 8.1% respectively. The Group’s smartphone sales volume reached 32.10 million units, ranked 4th globally in terms of smartphone shipments, according to Canalys.

Following the introduction of the first Xiaomi 5G smartphone Mi MIX 3 5G in Europe in February this year, Xiaomi launched its first 5G smartphone, Mi 9 Pro 5G in mainland China during the Period, marking another milestone in 5G technology development. In September 2019, Xiaomi released its concept smartphone, Mi MIX Alpha, a futuristic 5G smartphone featuring the world’s first surround display and a screen-to-body ratio of 180.6%, demonstrating the Company’s continuous efforts in exploring cutting-edge technology. The Company introduced Mi CC9 Pro in November 2019, which is the first mass-produced smartphone to carry a 108MP penta-camera. Mi CC9 Pro Premium Edition achieved a DxOMark score of 121 for overall camera performance, ranking 1st globally at the time of launch.

Driven by the success of multi-brand strategy, Xiaomi’s smartphones product portfolio has seen continuous optimization. The average selling price (“ASP”) of the Group’s smartphones in mainland China increased by 4.6% YoY.

AIoT business maintaining a leading edge in the market

Building a new model of smart life

As of September 30, 2019, the number of connected IoT devices (excluding smartphones and laptops) on Xiaomi’s IoT platform reached approximately 213 million units, increased by 62.0% YoY. The number of users who have five or more devices connected to the Company’s IoT platform (excluding smartphones and laptops) increased to 3.5 million, up 78.7% YoY. Xiaomi’s AI assistant “小愛同學”, one of the most active AI voice interactive platforms in mainland China, had 57.9 million monthly active users (“MAU”) in September.

Revenue of the IoT and lifestyle products grew rapidly 

Mi TVs ranked 1st in mainland China and top five globally

In 3Q 2019, revenue of the IoT and lifestyle products business rose by 44.4% YoY to RMB15.6 billion, and the proportion of revenue gradually increased from 21.3% in 3Q2018 to 29.1% in the third quarter this year. Global shipments of Xiaomi’s smart TVs reached 3.1 million units, increased by 59.8% YoY. According to All View Cloud (“AVC”), Xiaomi ranked 1st in terms of TV shipments in mainland China in 3Q 2019, with a market share of 16.9%. Xiaomi also ranked top five in terms of global TV shipment during the Period.

At the same time, Xiaomi’s large home appliance business has also been fully developed. The Group launched 4 Mi Refrigerator in October, sustaining the cost-effective strategy. This means Xiaomi has officially entered the markets of air conditioners, refrigerators and washing machines, further expanded spectrum of products in the large home appliances category and effectively enhanced the connectivity and compatibility of the whole suite of smart home appliances.

During the Singles’ Day shopping festival in 2019, Xiaomi’s IoT and lifestyle products recorded over 5.55 million in sales volume, increased by 148% YoY. On that day, Xiaomi’s smart hardware ranked 1st in terms of sales volume or sales in 219 categories on three major platforms.

Continued diversification of internet service

In the third quarter, revenue from the Group’s internet services segment grew by 12.3% YoY to RMB5.3 billion. In September 2019, MAU of MIUI recorded 292 million, increased 29.9% YoY. The proportion of revenue from newly developed business in Internet services continued to increase. Revenue in the third quarter accounted for 37.2% of total internet services revenue and representing a YoY increase of 87.8%. Newly developed business of Internet services means internet services outside of advertising and gaming from mainland China smartphones, including revenue generated from IoT (TV) internet services, overseas internet services, Youpin e-commerce platform and fintech business.

In September 2019, MAU of smart TV and Mi Box increased by 50.1% YoY to 23.90 million, with more than 3.2 million paid subscribers representing a YoY growth of 68.8%. Revenue from fintech business increased by 91.2% YoY to RMB1.0 billion.

Revenue from the overseas business developed rapidly

Unlocked growth potential of mid-to-high-end markets in Western Europe 

In recent years, Xiaomi has been committed to expanding its overseas market and the overseas business is quite large at present. The revenue from the overseas markets grew 17.2% YoY to RMB26.1 billion in the third quarter, accounting for 48.7% of total revenue.

According to Canalys, Xiaomi ranked top five in over 40 countries and regions in terms of smartphone shipments. As Western Europe is the key overseas market for the Group in 2019, Xiaomi’s smartphones ranked 4th in terms of smartphone shipments in the Western European market with a YoY shipments growth of 90.9%. Moreover, Xiaomi ranked 1st in open market channels and 2nd in the overall market in Spain in terms of smartphone shipments in the third quarter of 2019 with an overall market share of 22.9%, representing a YoY increase in shipments of 63.7%. In November, the overseas version of Mi CC9 Pro, Mi Note 10, was released in Spain.

Meanwhile, Xiaomi maintained a strong leading edge in India market. According to IDC, Xiaomi’s has ranked 1st in India in terms of smartphone shipments for nine consecutive quarters.

 

About Xiaomi Corporation

Xiaomi Corporation was founded in April 2010 and listed on the Main Board of the Hong Kong Stock Exchange on July 9, 2018 (1810.HK). Xiaomi is an internet company with smartphones and smart hardware connected by an IoT platform at its core.

With the vision of being friends with its users and being the “coolest company” in the hearts of its users, Xiaomi is committed to continuous innovation, with an unwavering focus on quality and efficiency. The company relentlessly builds amazing products with honest prices to let everyone in the world enjoy a better life through innovative technology.

Xiaomi is currently the world’s fourth-largest smartphone brand, and has established the world’s leading consumer IoT platform, with more than 213 million smart devices (excluding smartphones and laptops) connected to its platform. Currently, Xiaomi products are present in more than 90 countries and regions around the world and have a leading foothold in many of them.

In July 2019, the company made the Fortune Global 500 list for the first time, ranking 468th among all, and 7th among internet companies. Xiaomi is the youngest company on the 2019 Fortune Global 500 list.

Xiaomi kicks off its 3rd Global Photography Challenge

 

Beijing, CHINA, November 22, 2019 – Xiaomi unveiled its 3rd Xiaomi Photography Challenge, giving mobile photographers an opportunity to showcase the beauty of the world while standing a chance to win cash and Xiaomi smartphones of up to US$40,000 in value.

This year’s challenge is based on the theme “See the World”, and will be divided into four categories: See the Details, See the Nights, See the Season, and See the Faces. The photography challenge hopes to encourage more Xiaomi smartphone users to see day-to-day life from a different perspective.

As a community-driven company, the global top 40 entries will be chosen by Mi Fans. The final awards are split into two, namely the Mi Fans’ Choice Awards and the Jurors’ Choice Awards which will be announced on February 5, 2020.

The Xiaomi Photography Challenge was first held in 2017 and drew over 13,000 entries from across the globe. In the subsequent year, it saw over 90,000 Mi Fans participating in the same challenge.

This year, Xiaomi continues to push the boundaries of smartphone photography with the launch of its new photography smartphones and looks forward to more creative stories delivered with Xiaomi smartphones.

Xiaomi Photography Challenge link: https://event.mi.com/global/challenge2019/global-photography

 

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About Xiaomi Corporation

Xiaomi Corporation was founded in April 2010 and listed on the Main Board of the Hong Kong Stock Exchange on July 9, 2018 (1810.HK). Xiaomi is an internet company with smartphones and smart hardware connected by an Internet of Things (IoT) platform at its core.

With the vision of being friends with its users and being the “coolest company” in the hearts of its users, Xiaomi is committed to continuous innovation, with an unwavering focus on quality and efficiency. The company relentlessly builds amazing products with honest prices to let everyone in the world enjoy a better life through innovative technologies.

Xiaomi is currently the world’s fourth-largest smartphone brand, and has established the world’s largest consumer IoT platform, with more than 196 million smart devices connected to this platform, excluding smartphones and laptops. Currently, Xiaomi products are present in more than 80 countries and regions around the world and have a leading foothold in many of them.

In July 2019, Xiaomi for the first time made the Fortune Global 500 list, ranking 468th among all, and 7th in the Internet Services and Retailing category. It is also the youngest Global 500 company of 2019.

Xiaomi launches the India-only Mi Smart Band 3i

Bengaluru, INDIA, 21 November 2019 – Xiaomi, India’s number one smartphone and smart TV brand, today announced Mi Smart Band 3i, successor to Mi Band HRX. 

Xiaomi remains India’s number one wearables company, with a market share of 39% as per Canalys Wearable Band Analysis, Aug 2019. With Mi Smart Band 3i, a whole new set of users are expected to enjoy the fitness benefits and convenience that the device offers.

Mi Smart Band 3i – Made for India

Xiaomi’s Mi Smart Band 3i is a device made specifically for Indian consumers. It features a slew of upgrades over its predecessor, Mi Band HRX. The display size goes up from a 1.2cm (0.42) unit to a 1.9cm (0.78) one, with AMOLED technology and touch support. Users can expect the similar battery life they have come to expect from the Mi Band series, with battery capacity bumped up from 70mAh to 110mAh for upto 20 days of usage. Besides tracking steps, sleep and calories, Mi Smart Band 3i also enables viewing notifications directly on the band. It comes with “Find Device” option which enables detection of a  paired smartphone directly from the band. Mi Smart Band 3i is water resistant upto 5ATM (50 metres in depth for 10 minutes), making it safe to be used while swimming and in showers. 

Availability

Mi Smart Band 3i will be available for pre-orders for INR 1,299 starting today, i.e., November 21 on Mi.com

Product Images: Mi Smart Band 3i

About Xiaomi Corporation

Xiaomi Corporation was founded in April 2010 and listed on the Main Board of the Hong Kong Stock Exchange on July 9, 2018 (1810.HK). Xiaomi is an internet company with smartphones and smart hardware connected by an Internet of Things (IoT) platform at its core.

With the vision of being friends with its users and being the “coolest company” in the hearts of its users, Xiaomi is committed to continuous innovation, with an unwavering focus on quality and efficiency. The company relentlessly builds amazing products with honest prices to let everyone in the world enjoy a better life through innovative technologies.

Xiaomi is currently the world’s fourth-largest smartphone brand, and has established the world’s largest consumer IoT platform, with more than 196 million smart devices connected to this platform, excluding smartphones and laptops. Currently, Xiaomi products are present in more than 80 countries and regions around the world and have a leading foothold in many of them.

In July 2019, Xiaomi for the first time made the Fortune Global 500 list, ranking 468th among all, and 7th in the Internet Services and Retailing category. It is also the youngest Global 500 company of 2019.

Xiaomi India is the No.1 smartphone player since Q3 2017, IDC Quarterly Mobile Phone Tracker report.

Xiaomi India is the No.1 Smart TV brand since Q2 2018, IDC Worldwide Quarterly Tracker.

 

Xiaomi unveils core technologies at MIDC 2019

Beijing, China, November 19, 2019 – Xiaomi officially announced that an earthquake warning function has been integrated into the company’s user interface MIUI at the annual Mi Developer Conference on Tuesday.

“With the help of the Smartphone + AIoT dual core strategy, Xiaomi will continue its effort in making 5G + AIoT part of daily life for everyone,” said Lei Jun, Founder, President and CEO of Xiaomi.

“Apart from the plan of marketing over ten 5G devices in 2020, we will take great advantage of our world leading position in AIoT to bring the definition of Smart Home to all,” Lei added.

Earthquake warning function in MIUI 11

The world’s first integration of such services in the smartphone operating system, this function allows alerts to be sent to smartphones with MIUI 11 and Mi TV seconds to tens of seconds before the quake waves arrive. It was launched on September 20 on a trial basis when the MIUI 11 was released.

Partnering with Institute of Care-life, a Chengdu-based organization focusing on natural disaster warning, Xiaomi has activated the service first in the earthquake-prone Sichuan Province and will soon expand the program nationwide.

Founded after the devastating Sichuan earthquake in 2008, the institute is world leading in earthquake warning. “Comparing with the earthquake warning alerts sent via smartphone apps available in a few countries, this function integration into the operating system saves users from having to download the apps. It also ensures a timely alert delivery by prioritizing the warning messages and reducing latency,” said Wang Tun, head of the institute.

Fan Dian, General Manager of the IoT platform department of Xiaomi, called for wider adoption of the function by other smartphone and IoT providers and said the company is willing to share its practices and experience.

Xiao Ai 3.0 launched

Xiaomi announced today the update of its Xiao Ai voice assistant to 3.0, which incorporates with a male voice option and the capability of having a naturally continuous dialogue via smartphones.

Behind the functional upgrading, it is Xiaomi’s continuous investment in AI R&D. “Xiaomi’s AutoML model now leads the industry by dataset performance; and MiNLP, the company’s natural language processing platform, is activated over 6 billion times on a daily basis, making Xiao Ai one of the world’s busiest AI platform,” said Cui Baoqiu, VP and Chairman of Xiaomi’s Technical Committee.

By the end of the second quarter, the number of monthly active users of Xiao Ai stood at 49.9 million, making it one of the most used AI voice interactive platforms in mainland China.

Open-source initiatives

As an industry leader, Xiao has insisted on the open-source approach. MACE, the company’s open-source deep-learning framework, announced the arrival of a new version at today’s conference.

MACE-Kit will officially open its source soon, in an effort to further benefit developers. This approach also attracts Daniel Povey, Founder of speech recognition open source tool Kaldi, to join Xiaomi.

Innovations behind Mi MIX Alpha

For the first time, Xiaomi has unveiled the three core technologies behind its recently launched Mi MIX Alpha concept smartphone.

Xiaomi’s innovative layered lamination technology breaks the limit of curved screen and reveals an incredible surround display. Meanwhile, the leading quad antenna solutions optimized for the unique screen form-factor, and its independently-developed UI software solution that revolutionizes screen display and user experience help Xiaomi accomplish its step from zero to one on Surround Display.

Xiaomi Finance

Hong Feng, Co-founder and CEO & Chairman of Xiaomi Finance, said Xiaomi will push forward with industrial finance innovations to better serve partners in manufacturing industry around the globe.

The company has invested in over 270 ecosystem partners, among which more than 100 are focused on the development of smart hardware and lifestyle products. The unique ecosystem model gives the company substantial advantages in supply chain finance and it now serves more than 400 business partners along the chain.

With sophisticated risk management model and technology capability, and extensive user base and supply chain partners, Xiaomi Finance has a solid business foundation and potentials to grow.