Xiaomi’s H1 shipments rise 33%, but full-year target in doubt

Chinese smartphone maker Xiaomi is facing a slowdown in growth as H1 shipments rose just 33 per cent year-on-year, in contrast to 227 per cent full-year growth in 2014. According to a tweet by Hugo Barra, the company’s VP of international …

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Xiaomi announces Brazil launch; names new CFO

Chinese handset maker Xiaomi took its first major steps outside of Asia after announcing the launch of its smartphones in Brazil, and vowed to expand further across Latin America. Five year old Xiaomi, which was valued at $46 billion in …

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Fitbit on the up after IPO

Wearables maker Fitbit saw strong growth in its share price following its Initial Public Offering (IPO), indicating that concern about its position in this competitive market is not dampening investor sentiment. Shares were initially priced at $20, above the range …

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Xiaomi hires Qualcomm’s China president

Fast-rising smartphone maker Xiaomi hired Qualcomm’s president of Greater China, Wang Xiang, as senior VP of strategic cooperation. Wang (pictured) spent 13 years with Qualcomm, which is a chip supplier to the smartphone maker and was an early investor. Lei …

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Xiaomi now second largest maker of wearables

Less than a year after moving into wearables, China’s fast-rising Xiaomi emerged as the world’s second largest maker of wearable devices in Q1. It shipped 2.8 million units during the quarter compared to Fitbit’s four million, according to IDC. Xiaomi, …

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Wearables market in rude health in Q1 – IDC

The worldwide wearable device market recorded its eighth consecutive quarter of steady growth in the first quarter of 2015, bucking the post-holiday slowdown in what was described as “a strong sign for the wearables market”. “It demonstrates growing end-user interest …

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BlackBerry subject to takeover speculation – again – following latest job cuts

BlackBerry was again the subject of takeover speculation, shortly after the company announced more job cuts in its latest reshuffle. According to reports, Microsoft is among the potential suitors for BlackBerry, as it looks to bolster its position in the …

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Learning lessons from Airbnb, GitHub, Xiaomi, Uber and Waze

LIVE FROM WEDO WORLDWIDE USER GROUP 2015: There are four ways in which large, established companies can learn from what have been termed “exponential organisations”, which use new organisational approaches and technology to have a disproportionate – and disruptive – …

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ZTE targets 20% jump in US smartphone shipments

Chinese vendor ZTE aims to boost smartphone shipments to the US this year by 20 per cent to 20 million units. ZTE’s US CEO Lixin Cheng told Reuters that shipments to the US last year expanded 50 per cent, topping …

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