Highlights

Good Articles to Share

Author: Tan KW   |   Latest post: Wed, 16 Jan 2019, 06:53 PM

 

China’s Xiaomi places a US$1.5bil bet on AI and smart devices

Author:   |    Publish date:


Xiaomi Corp will invest at least 10bil yuan (RM6.07bil) on artificial intelligence and smart devices over the next five years, as the smartphone maker navigates an industry downturn and economic uncertainty stemming from US-Chinese tensions. 
 
The investment is part of the Beijing-based company’s strategy of wringing more revenue from high-value services and the Internet of Things, billionaire co-founder Lei Jun said in a statement. The company is also focusing on pushing upmarket while expanding into Europe, Lei said on Jan 11. Xiaomi’s taking action against the backdrop of a brewing trade war that’s stoking global economic uncertainty, he added. 
 
“Now is the time for the action. We are all in on AIoT,” Lei said, referring to the combination of AI and the so-called ecosystem of connected devices known as the Internet of Things. He didn’t elaborate on details of his investment plan. 
 
Xiaomi is looking to diversify its revenue as demand for smartphones globally plateaus, though it expects demand to bounce back with the advent of super-fast fifth-generation wireless. Once touted as an Internet company that can command a value of as much as US$100bil, Xiaomi is now worth roughly a third of that. Its stock is down roughly 40% from its July initial public offering. – Bloomberg 
Share this

  Be the first to like this.
 


 

1876 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 SCOMNET 0.620.00 
 KOTRA 1.700.00 
 UCREST 0.290.00 
 PINEAPP 0.280.00 
 PUC 0.1050.00 
 WILLOW 0.4750.00 
 ARMADA-C39 0.0050.00 
 IRIS 0.140.00 
 UEMS-C60 0.0050.00 
 BTECH 0.230.00 

TOP ARTICLES

1. 火中取栗拼油气(中) 赚钱只争5年/冷眼 【冷眼专栏】漫漫投资路
2. 火中取栗拼油气(下) 菜鸟必学7招/冷眼 【冷眼专栏】漫漫投资路
3. How Can Malaysia Become a Developed Nation? Koon Yew Yin Koon Yew Yin's Blog
4. Carimin - Technical Sell PublicInvest Research
5. 威城中短期业务低迷 星洲日報/投資致富‧企業故事
6. How Warren Buffett decides to invest/reject a business in under 15 minutes - WikiHow the bursa journey that worked for me. 2000-2019
7. [转贴] 参观karex工厂 ~ 第一天 Good Articles to Share
8. [转贴] 熊市之中,埋藏了无数能让你的身家,实现三级跳飞跃的机会 - GP Alfred Chen Good Articles to Share
Partners & Brokers