InfoAnda - Interview: China's Xiaomi hopes for revolution in |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Van Natta quits as MySpace CEO | 11 February 2010
Google releases finished version of Chrome browser | 12 December 2008
Fearing backlash, industry urges nanotech safety | Technology | | 12 December 2008

Minimum and maximum global temperatures in Celsius | 2 June 2010

Forum Views () Forum Replies ()

Read more with google mobile : Interview: China's Xiaomi hopes for revolution in |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Edward Hadas Hugo Dixon Ian Bremmer Mohamed El-Erian Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read U.S. cites "heightened threat"; 9 killed in Afghan airport bomb | 9:40am EST Gunman injures five in Ohio school shooting 11:18am EST 2012 Oscars: Complete List of Winners 12:00am EST Iran wins first Oscar with "A Separation" 1:41am EST Giddy stars party night away after Oscars show 6:09am EST Discussed 112 Afghans begin second day protest at Koran burning 98 Analysis: Can United States defuse Koran burning uproar? 96 Taliban urge Afghans to attacks Westerners Watched Sacha Baron Cohen gets a warning from Oscar Fri, Feb 24 2012 "The Artist" wins Oscar for best picture 12:32am EST Stars don "va-va-voom" gowns for Oscars red carpet. Sun, Feb 26 2012 Interview: China's Xiaomi hopes for revolution in Tweet Share this Email Print Related News HTC bets on cameras, music to recover smartphone mojo 1:35am EST Telcos squeezed as consumers go mad for mobile Web Fri, Feb 24 2012 Chinese firm seeks halt of iPad sales in Shanghai Wed, Feb 22 2012 UPDATE 2-China Telecom to sell iPhones; China Mobile still months away Mon, Feb 20 2012 Apple's iPhone loses China market share Fri, Feb 17 2012 Analysis & Opinion Jeremy Lin: Lessons from the Lin-sanity The downside of arming Syrian rebels Related Topics Tech » Media » By Melanie Lee SHANGHAI | Mon Feb 27, 2012 3:53am EST SHANGHAI (Reuters) - Chinese handset maker Xiaomi Technology is looking to raise more funds within the next year or two to boost production and sees revenue in the future coming from software applications rather than handset sales, the firm's president told Reuters on Monday. Xiaomi, whose name literally means millet but refers to a revolutionary idiom from the early days of the Chinese Communist Party, was founded in 2010 with a focus on becoming a mobile Internet company. The firm's first handset, called MiOne, was released in October to popular and critical acclaim, its draw being that it boasts high-end technical specifications, such as a dual-core processor and an eight mega-pixel camera, at an affordable price of 1,999 yuan ($320) -- less than half that of similar models from Apple Inc and Samsung Electronics. Xiaomi racked up more than 300,000 orders for the phone in less than two days at its launch, and it is now perpetually back-ordered, pointing to the need to expand production capacity. "Manufacturing a phone is very capital intensive; it requires a large flow of capital," Lin Bin, president of Xiaomi, said in an interview. "Within the next one to two years, we will have to select a time frame to raise and find suitable financing," Lin said. Xiaomi has raised $131 million in financing so far, including a B-round investment of $90 million done late last year that valued the firm at $1 billion. Xiaomi's chief executive Lei Jun told local media that his firm was targeting 5 billion yuan ($793.9 million) in revenue this year on 2 million handsets sold. "I think that is a very conservative number," Lin said of that sales target. FOCUS ON USERS, NOT PROFITS The low price of the smartphone is due to Xiaomi selling the MiOne directly to customers via its website, thereby cutting down on distribution costs, Lin said. "We are really not looking to make a lot of profit on the handset itself," Lin added. Lin was formerly the vice president of Google Inc's China Engineering Research Institute and he also previously worked at Microsoft Inc. The plan is for Xiaomi to monetize its software and applications in the future, he said. Beijing-based Xiaomi is looking to push out a new phone once every 9-12 months and will seek to break even on each handset. "As an early stage start-up, our shareholders do not expect us to turn profitable any time soon. Our key focus right now is to continue to polish this product and make it great and continue to improve the performance of our software," Lin said. Lin declined to comment on rumors in the market about Xiaomi's second-generation smartphone. Xiaomi's MiOne phone runs the firm's self-developed mobile operating system, MIUI, which allows users to personalize many aspects of the phone, Lin said. China, the world's largest mobile phone market, is highly competitive for handset makers. With the number of mobile subscribers set to top 1 billion in China this year, there is cut-throat competition among Samsung, Apple, Taiwan's HTC Corp and local firms Huawei Technologies Co Ltd and ZTE Corp. Underscoring that pressure, HTC launched a new series of smartphone models touting advanced cameras and music functions at the Barcelona Mobile World Congress on Sunday. Low-priced smartphones, such as those provided by ZTE, Huawei and Xiaomi, have eaten into Apple's share of the market. In the last quarter, Samsung came out on top, with 24.3 percent of China's smartphone market, more than three times Apple's share, data from research firm Gartner showed. Lin said the key to competing with the likes of Apple and Samsung would be to push out high-quality devices with good technical specifications, at affordable prices. "It's about revolution and being able to bring innovation into a new area. Having this business innovation may revolutionize the handset industry," Lin said of Xiaomi's name, based on a Chinese idiom that calls on fighters to have millet and a rifle on hand to be ready to fight. ($1 = 6.2978 Chinese yuan) (Additional reporting by David Lin; Editing by Jason Subler) Tech Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Advertise With Us Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Monday, 27 February 2012
Pakistan completes demolition of bin Laden compound |
Netanyahu, Abbas trade barbs over Jerusalem |
U.S. shouldn't speed up Afghanistan pull out: U.S. ambassador |
Russia's Putin warns against attacks on Iran, Syria |
Sony returns to smartphones with new models |
HTC eyes market share recovery with new smartphones |
Factbox: A look at Oscars' history |
Act of Valor triumphs at box office |
Exclusive: Universal in early talks on China park, joint venture |
Syria awaits referendum result; Putin warns West |
Car bomb kills three at east Afghanistan airport: police |
Nine killed in Afghan airport bomb, NATO base attacked |
Plot to assassinate Putin foiled: Russian TV |
Australia PM Gillard wins leadership ballot, government |
Colombia's FARC to free captives, stop kidnapping for ransom |
Anti-Putin protesters form human chain in Moscow |
Thai police question another Iranian in bomb probe |
France's Sarkozy rules out EU treaty referendum |
On the ropes, Apple's China nemesis still dreams |
Olympus risks foreign backlash with new board line-up |
WikiLeaks publishes security think tank emails |
HTC bets on cameras, music to recover smartphone mojo |
Alliance forms web-based rival to Android, Apple |
Samsung aims to nearly double smartphone sales in 2012 |
Orange to offer smartphone with Intel Inside |
The Artist paints golden picture at Oscars |
The Artist wins Oscar for best picture |
Meryl Streep takes third career Oscar |
Jean Dujardin wins best actor Oscar for 'The Artist' |
Michel Hazanavicius wins directing Oscar for The Artist |
Billy Crystal back to basics in Oscar host comeback |
Christopher Plummer wins supporting actor Oscar for Beginners |
Octavia Spencer wins supporting actress Oscar for The Help |
Oscar's red carpet shows off white gowns, bold colors |
Weinsteins win big on Oscar night with 'Artist' |
Tunisia leader, Bill Clinton among Nobel nominees |
Saleh hands difficult phase over to new Yemen |
Israel seen slow to dig in as Iran war talk simmers |
Japan cities press utility to switch from nuclear |
Iran may be struggling with new nuclear machines |
Millions of Indian workers to strike on Tuesday |
Do fence me in: Israel closing Sinai loopholes |
Nokia unveils cheaper Windows smartphone |
EBay sees strong mobile commerce volume growth in 2012 |
Sprint offers $2 billion in notes |
Crack in China's firewall turns Obama page into freedom forum |
Elpida files for bankruptcy protection with $5.6 billion debt |
Interview: China's Xiaomi hopes for revolution in |
Giddy stars party night away after Oscars show |
British band the Sex Pistols sign with Universal |
Charlotte Church wins $951,400 hacking damages |
Pride sweeps France over Oscar wins for The Artist |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01