Xiaomi makes a reappearance in the world’s 50 most innovative companies

Ranked 24th, Xiaomi is acknowledged for its boundary-busting innovation efforts.

This is the third time the company has made the list after the rankings of 2014 and 2016 respectively.

Beijing, CHINA, June 23, 2020 – Global technology leader Xiaomi is ranked at No. 24 among the 50 most innovative companies of 2020 in the world, making its reappearance on the list, according to a latest report by Boston Consulting Group (BCG).

The BCG report, titled The Most Innovative Companies 2020: The Serial Innovation Imperative, acknowledges Xiaomi for its active cross industry innovation efforts, based on a new scoring dimension that captures each firm’s variety and intensity of boundary breaking. 

“In a world where every industry is becoming a technology industry to some degree, this kind of boundary-busting innovation is an increasingly important innovation capability,” according to the report. 

“This result is in tandem with our mission of letting everyone in the world enjoy a better life through innovative technology, something that has been widely recognized by our Mi Fans and users in over 90 markets around the world where we are present,” said Shou Zi Chew, President of International, Xiaomi.

“At this company, we embrace a culture of bold innovation to push the boundaries of what technology can offer. A spirit of innovation permeates our company and guides our pursuits of relentlessly building amazing products, while bringing down the barrier of innovative technologies,” Shou added. 

The company is committed in investing at least RMB 50 billion (~USD 7 billion) over the next five years in “5G+AIoT” to double down on its lead in the “5G+AI+IoT” (5G+AIoT) and next generation super internet”, and to ensure the company wins in this new smart era.

The company has also continually increased its research and development (R&D) investment. In 2019, the company’s R&D investment reached RMB 7.5 billion, a 29.7% year-on-year increase on the back of substantial R&D expansion for the three prior years. In 2020, the investment is expected to increase to RMB 10 billion. As of March 31, 2020, the R&D personnel, totaling 8,984, were staffed across various departments, accounting for 48.6% of all full-time employees.

Xiaomi’s patent portfolio covers many fields with respect to smartphones, smart hardware, internet technologies, manufacturing and product design. As of December 31, 2019, the company held over 14,000 granted patents and over 16,000 pending patent applications worldwide. Among the granted ones, over 6,500 patents were registered in various overseas countries and jurisdictions.

This is the third time Xiaomi has made the list. The company ranked as No. 35 twice respectively among the 50 most innovative companies of 2014 and 2016.

 

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 an equal emphasis on innovation and quality, Xiaomi continuously pursues high-quality user experience and operational 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 252 million smart devices connected to its platform, excluding smartphones and laptops. Xiaomi products are present in more than 90 markets around the world. 

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. In May 2020, the company made the Forbes Global 2000 List again and its ranking jumped to 384th. 

For more information about Xiaomi, please visit our blog http://blog.mi.com/en/

Xiaomi and Mastercard announce the launch of Mi Smart Band 4 NFC with the contactless payment function in Russia

  • Russia has become the first country where Mi Smart Band 4 with full-fledged NFC payment functionality is available 
  • The cost of the new device is 3,990 rubles
  • The payment function is available to Mastercard cardholders
  • The initial list of the partner banks has been announced

Moscow, June 18, 2020– Global technology leader Xiaomi today announced the launch of Mi Smart Band 4 NFC – a special edition of the fitness band with contactless payment technology. This innovative product was developed in collaboration with Mastercard and will be available to the cardholders of this payment system. Russia is the first market in the world to launch this unique version of the device with NFC payment capability. 

Mi Smart Band 4 NFC retains all the features that owners of the standard version Mi Smart Band 4 loved – a full color AMOLED display, a water-resistant body (up to 50m), as well as advanced software features: recognition of swimming styles and the ability to control music players directly from the wearable. The new model is completed with an NFC chip where you can make purchases using the contactless Mastercard payment technology.

The holders of Mastercard cards issued by Raiffeisenbank, VTB, Tinkoff Bank, Otkritie Bank, Rosselkhozbank, PSB, Russian Standard Bank, MKB, and Credit Europe Bank (Russia) will be the first to experience this service. The number of issuers which customers will be able to pay with the Mi Smart Band 4 NFC will be added over time.

“Mastercard is the first to bring a lot of innovations to Russia, and we are constantly working to ensure that convenient payment solutions are available to Russians. Modern technologies with Mastercard give freedom of choice and an opportunity to pay in the most suitable way, and when it is convenient for you. We are pleased that the holders of Russian Mastercard cards will be the first to try the new product by simply and safely paying for purchases with Mi Smart Band 4 NFC everywhere Mastercard’s contactless technology is accepted,” Alexey Malinovskiy, Head of Mastercard in Russia, commented.

“Xiaomi is famous for offering its users innovative products at honest prices. With the entry of Mi Smart Band 4 NFC, it will dramatically change the daily habits of people. Paying with a fitness band is comfortable, fast, and reliable. Once you’re used to this convenience, you will no longer return to the usual payment methods. I would like express our appreciation to Mastercard and all the banks that believed in us, and the support they have provided to help us to make technology accessible to everyone,” Yu Man, Head of Xiaomi in Russia and the CIS, said.

To set up contactless payments, a user needs to install the Mi Fit mobile app on a smartphone and add a supported bank card in the corresponding tab (up to 6 cards can be linked). To make a payment with the Mi Smart Band 4 NFC, a user needs to go to the “Cards” menu, select the added bank card and get the device close to a payment terminal.

NFC payments are protected by Mastercard tokenization technology that replaces the card number with a 16-digit token. Information is stored in a securely protected NFC chip developed by NXP. Unauthorized access to this information is not possible, and in case of loss of the device, Xiaomi has provided a number of protective measures that will protect the user’s payment data from unwanted access.

Mi Smart Band 4 NFC can be purchased starting from today at a price of 3,990 rubles. The product is available in the official online mi.com store, recommended partners of Xiaomi, Authorized Mi Stores, as well as in retail chains of Mvideo, DNS, Eldorado, MTS, Megafon, Beeline, Svyaznoy, Wildberries, AliExpress Tmall, Citilink, and Technopark.

Photo gallery of Mi Smart Band 4 NFC

 

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About Xiaomi

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 an equal emphasis on innovation and quality, Xiaomi continuously pursues high-quality user experience and operational 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 252 million smart devices connected to its platform, excluding smartphones and laptops. Xiaomi products are present in more than 90 markets around the world. 

 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. In May 2020, the company made the Forbes Global 2000 List again and its ranking jumped to 384th.

For more information about Xiaomi, please visit our blog http://blog.mi.com/en/

YOUR VISION, YOUR STORY. XIAOMI KICKS OFF SHOTBYMI 2020 PHOTOGRAPHY CHALLENGE

Beijing, CHINA, June 16, 2020 – Xiaomi is holding its 2nd ShotByMi Photography Challenge, providing an opportunity for Mi Fans to capture the amazing moments in life with their Xiaomi phones. 

ShotByMi Photography Challenge is a long-term, innovative, and professional mobile photography contest. It was first held in 2019 and drew over 136,000 entries from 131 countries. 

This year, Xiaomi encourages more Mi Fans to tell their stories by shooting photos and videos, with the core idea of ‘Your vision, your story’.

There are three independently themed episodes, each one running for one month. The first theme is ‘Summer Vibes’, where participants can upload works that match the theme with no genre restrictions. In addition to photos, short videos are warmly encouraged for  ShotByMi, so that participants can have more freedom to create inspiring visual works. 

To ensure the professionalism and fairness of judging, ShotByMi 2020 invited a number of accomplished photographers as judges. Michael Yamashita, who has won numerous awards from industry such as the National Press Photographers Association and the Asian American Journalists Association, works as the lead judge. Three other influential photographers in different categories, Jordi Koalitic, Jord Hammond and Clay Enos, are also invited as judges. They will select the outstanding entries from each episode, including a grand prize of $5000 creative fund and a Xiaomi phone!

As a company driven by our community, we encourage Mi Fans to choose their favourite work. Qualified entries will be displayed on the ShotByMi website and users can vote once for each work. For each category,  ‘the most liked photo’ and ‘the most liked video’ will be awarded gorgeous prizes! All winners for the first episode will be announced on 1st August 2020.

ShotByMi 2020 also receives support from other parties, including short-video sharing app Likee and an online photographers community 500px. 

Xiaomi looks forward to sharing the beauty of life with Mi Fans by using our latest photography smartphones.

ShotByMi 2020 link: https://event.mi.com/global/shotbymi/

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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 IoT platform at its core.

With an equal emphasis on innovation and quality, Xiaomi continuously pursues high-quality user experience and operational 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 252 million smart devices connected to its platform, excluding smartphones and laptops. Xiaomi products are present in more than 90 markets around the world. 

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. In May 2020, the company made the Forbes Global 2000 List again and its ranking jumped to 384th.

For more information about Xiaomi, please visit our blog http://blog.mi.com/en/

Xiaomi announces the latest iteration to its Wearable technology series – Mi Smart Band 5

Beijing, CHINA, June 11, 2020 – Global technology leader Xiaomi today introduced the latest and long-anticipated Mi Smart Band 5 to its stellar wearables product line. Offering a host of upgrades from its predecessor, Mi Smart Band 5 boasts a larger 1.1-inch AMOLED dynamic display, improved fitness tracking accuracy, women’s health tracking, stress assessment, remote shutter control, and more. With 8 colorful straps and hundreds of themes, everyone can express a unique personality with Mi Smart Band 5.

Powering these newly added features is the battery on Mi Smart Band 5 that supports up to 14 days* of continuous usage. Mi Smart Band 5 is also perfectly compatible with both Android and iOS platforms, providing wearers with a seamless user experience. 

Upgraded large dynamic display, multiple color straps and themes for customization 

As Xiaomi’s first smart wearable products to support dynamic home screen feature, Mi Smart Band 5 comes with a stunning 1.1-inch large AMOLED display, marking a 20% increase in terms of screen size compared to its predecessor. Navigating life has never been made easier with extra space for news feeds, notifications, and more. Coming with a maximum brightness of 450 nit and five adjustable brightness levels, Mi Smart Band 5 ensures crystal clear viewing experience, even in back lit situations. It also comes with a 2.5D tempered glass panel that protects the screen from scratches and abrasions. 

Adopting a TPU material which is certified by GB/T 26572-2011 certification and is also Europe RoHS compliant, the strap of Mi Smart Band 5 is soft, smooth, and safe to wear. Straps are available in 8 vibrant colors: Black, Blue, Pink, Orange, Purple, Yellow, and Green, making it a great, stylish addition to your daily accessory. 

In addition to the exterior design, Mi Smart Band 5 caters all styles and needs with hundreds of customized themes to choose from, including fifty-four IP featured themes such as Spongebob Squarepants, Neon Genesis Evangelion, Hatsune Miku, and Detective Conan. Users can also customize the interface by adding function modules based on their preference, everyday mood, and personal style. 

More precise 24-hour health monitoring, includes tracking of menstrual cycles

 Mi Smart Band 5 is equipped with a high performance PPG heart rate sensor. The heart rate monitoring algorithm has been further optimized to support the 24-hour heart rate monitoring function. Hence, data monitoring is more accurate than the previous Mi Smart Band generations. Sleep monitoring accuracy feature is improved by 40% and the heart rate monitoring of irregular movements boasts up to 50% improvement. 

On top of many performance improvements, Mi Smart Band 5 also introduces more health-related features. In terms of sleep monitoring, irregular and sporadic sleep patterns, and rapid eye movement monitoring features have been added. So even your lunch break naps can now be recorded as actual sleep data. Mi Smart Band 5 calculates heart rate variability and respiratory information during sleep, providing analytics reports to give users more detailed information on their sleeping cycles.  

In modern life, many people face sub-optimal health issues. The Mi Smart Band 5 has a built-in PAI Activity Index, which allows you to calculate the levels of your heart rate using a specific algorithm and can provide users with helpful information to aid in exercises and workouts. 

Mi Smart Band 5 offers other unique health tracking functions. First, a menstrual cycle prediction function paired with a vibration alert for female users. Second, a stress monitoring function that can advise wearers when they should consider to adjust their breathing or try to rest and relax. Together, these make the Mi Smart Band 5 a thoughtful, personal health assistant on your wrist.

All-new magnetic charging solution, 14-day battery life*

Mi Smart Band 5 adopts a brand new charging solution – simply snap the magnetic charging cable onto the back of the Mi Smart Band 5 when the battery runs low. To power the larger screen and these newly added features, the battery on Mi Smart Band 5 supports 14 days* of continuous usage, offering ease of mind especially when travelling. Also incorporated is a convenient remote photo control function to pair with your phone for taking selfies from a distance, making the Mi Smart Band 5 a perfect travel companion.

Mi Smart Band 5 NFC version allows users to activate XiaoAi AI assistant with a swipe to the right on its display. With a portable XiaoAI AI assistant on your wrist, users can control smart AIoT devices, set alarm clocks, measure heart rate, check the weather, and start exercise routines using voice controls. Last but not least, the Mi Smart Band 5 NFC will be supporting UnionPay mobile payments via an OTA update in late August.

Mi Smart Band 5 will be available at RMB 189, while the Mi Smart Band 5 NFC version retails for RMB 229. Sales starts 10am on June 18, 2020 across all Xiaomi official sales channels in Mainland China.

Stay tuned for our upcoming international Mi Smart Band 5 announcement.

Main feature upgrades:

Mi Smart Band 4 Mi Smart Band 5 NFC version
Display Size 0.95-inch AMOLED color display 1.1-inch AMOLED dynamic color display
Themes 77 sets 100+ sets
Excercise Modes 6 types: Outdoor running, pool swimming, walking, treadmill, indoor cycling, freestyle 11 types: Outdoor running, pool swimming, cycling, walking, treadmill, freestyle, indoor cycling, jump rope, yoga, elliptical, rowing machine
Water Resistance up to 50m up to 50m
Multifunctional NFC features Door access

Transportation card

Alipay payment

Door access

Transportation card

Alipay payment

UnionPay payment

AI Assistant XiaoAi AI Assistant XiaoAi AI Assistant
Heart Rate Monitoring 24-hour heart rate monitoring 24-hour heart rate monitoring
Sleep Detection Night time sleep detection 24-hour sleep detection

REM detection

New Features Pressure assessment

Breathing training

PAI index

Women’s health tracking

Remote shutter control

Charging method Via charging dock Convenient magnetic snap-on charger

 

*Actual battery life may vary depending on environment, frequency of use, and other factors.

 

 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 an equal emphasis on innovation and quality, Xiaomi continuously pursues high-quality user experience and operational 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 252 million smart devices connected to its platform, excluding smartphones and laptops. Xiaomi products are present in more than 90 countries and regions around the world.

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. In May 2020, the company made the Forbes Global 2000 List again and its ranking jumped to 384th.