The smartphone giant Xiaomi has a large number of existing users so the payment service is expected to grow rather fast.
This is not the first time scammers have cloned crypto apps and listed them on popular online marketplaces where users frequently download apps for trading cryptocurrencies.
The sale of the newly launched Xiaomi EV will officially kick start next year at an undisclosed date.
Xiaomi’s founder and chairman of the board Lei Jun said it took approximately 5000 software engineers’ combined efforts to develop the new operating system.
The new Nio smartphone, though outwardly resembling a conventional mobile device, harbors unique features that make it a game-changer for Nio’s customers.
The decline in handset sales, a challenge faced not only by Xiaomi but also by other smartphone manufacturers, has pushed the company to explore new avenues for growth.
For Q1 2023, Xiaomi sold far fewer smartphones than in the first quarter of last year due to waning demand.
Many Chinese companies are beginning to launch high-end products.
In its pair of AR glasses, Xiaomi has used a pair of MicroLED screens that offer a peak brightness of 1,200 nits.
The Chinese smartphone giant started to let go of some of its staff due to lower sales amid the lockdowns in China.
The Xiaomi Q3 2022 report reveals that the company netted a slightly less-than-expected 70.17 billion in revenue amid China’s harsh Covid measures.
Chinese tech company Xiaomi has launched several new smartphones via its flagship 12S lineup, new Book Pro computers and Mi Band 7 Pro.
Xiaomi stock has dropped approximately 30%, and 14% in the past ten months and three months respectively.
With this decision, Geely would become the first among automakers to delve into smartphone production.
Joining the growing evolution of smart glasses as we have it today, the Xiaomi brand will find uses in live translation, snapping pictures, navigation, and notifications for the display amongst other things.
Xiaomi has deliberately moved to beef up its research and development in the new space with its purchase of an autonomous driving technology startup Deepmotion for over $77 million.