Xiaomi

Xiaomi winds down financial services business in India

Xiaomi has quietly discontinued its financial services in India, less than three years after launching payment and lending apps in the key global market, two sources familiar with the matter told Tech

China’s smartphone shipments slumped 23% in Jan-Aug

Smartphone shipment is often seen as the bellwether of China’s consumer spending, and right now, the picture isn’t very rosy. The world’s largest market for smartphones shipped 175.1

Xiaomi’s latest flagship has a 200-megapixel sensor — so don’t think spec race is over

Xiaomi just launched the 12T Pro, a flagship with a 200-megapixel main camera. The company is using Samsung’s HP1 sensor with a base pixel size of 0.64μm and f/1.69 aperture. The sensor, which

Meet Xiaomi’s new humanoid robot, CyberOne

Long gone are the days when a consumer electronics company could simply announce a phone and call it a day. At this morning’s big launch event in Beijing, Xiaomi followed up its foldable news by han

Xiaomi’s new foldable is thinner than Samsung’s and only available in China

A day after Samsung announced a pair of foldable devices, Xiaomi launched its second-gen foldable, Mix Fold 2, in China. The new phone sports a 6.56-inch outer display, 8.02-inch inner display and a L

Luminar to invest in Geely-affiliated Ecarx, eyes China market

Luminar, the Florida-based lidar company that went public via SPAC in 2020, has formed a close alliance with an auto behemoth in China. It’s making a strategic investment of an undisclosed amoun

Daily Crunch: VW Group changes drivers — CEO Scott Keogh shifts to launch Scout EV brand

Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Xiaomi says it has shipped over 200 million smartphones in India amid crackdown

Xiaomi said on Wednesday it has shipped over 200 million smartphones in India to date, demonstrating just how large of a presence it has marked in the world’s second-largest phone market in just eig

India says Oppo’s local unit evaded $550 million in import tax

India’s Directorate of Revenue Intelligence, part of the country’s finance ministry, said on Wednesday phone-maker Oppo’s India unit evaded customs duty of $550 million, following si

China says closely following India’s raid of Vivo, warns of chilling impact on business confidence

China’s embassy in India has criticized Indian authorities in a statement for “frequent investigations” into local units of Chinese firms and warned that such moves “impede the

India raids Vivo offices over money laundering allegations, seizes $58 million

Update: India’s law enforcement agency said Thursday it seized $58.7 million from Vivo’s 119 bank accounts after raiding its 48 offices earlier this week. The agency noted (PDF) that it al

Founder of auto giant Geely buys Meizu as smartphone demand weakens

Remember Meizu, the once-promising competitor to Xiaomi? The Alibaba-backed Chinese smartphone maker is making a comeback — in a way — as it gets acquired by the founder of Geely, China&#8

Xiaomi launches smartphone with enormous imaging sensors and Leica optics

With a limited launch in mainland China today, one glance at the new smartphones from Xiaomi leaves little doubt what the smartphone is all about. A third of the back of the smartphone is dominated by

Tesla veterans’ Industrial Next picks up $12M to automate EV production

Elon Musk is unabashed about his obsession with manufacturing. Over the years, Tesla has gradually gained recognition in the manufacturing world through improving its production quality. Now two Tesla

Battery giant Anker backs programmable robot maker Keyi

The promise of STEAM robots, which are billed to increase children’s interest in science, technology, engineering, arts and mathematics (STEAM), has been around for years. The market is teeming

Xiaomi appoints Alvin Tse as general manager of India business

Xiaomi is elevating Alvin Tse, a veteran at the firm, as the general manager for its India business as the Chinese technology group bolsters its efforts to fight increasing competition from rivals, in

Daily Crunch: Google unveils new options for removing personal data from search results

Gooood [your time of day] startup fans! It’s a brand new week and we’re flippin’ psyched that it’s… wait, it is May? How’d that happen? In any case – May 2nd 2022, here we go. Spring

India seizes $725 million assets from Xiaomi unit over illegal remittances

India’s anti-money laundering agency said on Saturday it has seized assets worth about $725 million from Xiaomi India for breaching the country’s foreign exchange laws in a major blow to t

China’s logistics robot maker VisionNav raises $76M at $500M valuation

Industrial robotics has in recent years become one of the hottest tech sectors in China as the country encourages the use of advanced technology to enhance efficiency on the production floor. VisionNa

Wrapped in red tape, China’s startups give up their mainland dreams

Like many ambitious Chinese who graduated college abroad during the 2010s and aspired to be the next Jack Ma or Pony Ma, Lucas returned to his motherland to build his own internet startup. Two years i
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