Xiami Case Study Solution

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XIAOMI- Currently it is valued at $45 billion, the Chinese smart phone maker is taking the mobile industry by storm and becoming a serious competitor to global rivals Apple and Samsung. The firm may take part in an overseas IPO as early as this year. Xiaomi is a privately owned Chinese electronics and software company headquartered in Beijing. It was co-founded by eight partners on 6 April 2010. In the first round of funding, institutional investors included Temasek Holdings, a Singaporean government-owned investment company, the Chinese venture capital funds IDG Capital and Qiming Venture Partners and mobile processor developer Qualcomm. On 16 August 2010, Xiaomi officially launched its first Android-based firmware MIUI. The Xiaomi Mi1 smart phone was announced …show more content…

Think lamps that shut down when you fall into a deep sleep or a rice cooker you can turn on before you get home. Xiaomi boasts it's paving the way as it already has 60 million devices connected to its online ecosystem. To help with that, the firm last week announced it would cross-license patents with Nokia, a move that helps both companies develop new products. The deal gives the tech firms access to so-called standard essential patents key ones that allow products to comply with an industry standard. Last year, Xiaomi inked a similar deal with Microsoft, buying up 1,500 patents. The Nokia deal is a protective measure to defend ourselves once we go into many more countries, according to Wang. This will lead to more design freedom With the patents acquired, engineers can design many, many more products more efficiently." In 2011, Xiaomi added 58 patents to its portfolio. Out of these 58, 14 patents belonged to Broadcom Corp. and the rest were filed by Xiaomi

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