Selfie app maker Meitu eyes overseas gaming market with $340 million deal

China’s largest selfie app maker Meitu has been busy working to diversify itself beyond the beauty arena in China. On Wednesday, the Hong Kong-listed company announced in a filing that it has agreed to pay about HK$2.7 billion ($340 million) for a 31 percent stake in game publishing company Dreamscape Horizon. Dreamscape Horizon, a subsidiary of […]

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Startups Weekly: Is Y Combinator’s latest cohort too big?

Plus, e-scooter subscription services are a thing now, the Vision Fund is betting big on autonomous delivery and Facebook almost bought Unity.

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Audio tech supplier to Rolls Royce and Xiaomi secures another $13.2M in funding

As autonomous driving eventually transforms cars from transportation devices to mobile theaters or conference rooms we will need better audio inside them. And we’ve already seen that VCs like Andreessen Horowitz say ‘audio is the future.’ So it’s interesting that Swedish sound pioneer Dirac has completed a new $13.2 million round of financing led by […]

View More Audio tech supplier to Rolls Royce and Xiaomi secures another $13.2M in funding

Sub-brands are the new weapon in China’s smartphone war

One of China’s top smartphone brands Vivo appears to have joined its fellows Oppo, Huawei and Xiaomi in setting up a new sub-brand as a softening market and heightened competition at home drive players to venture upon their original reach. A new smartphone brand called iQoo made its debut on Weibo, China’s answer to Twitter, on […]

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Xiaomi-backed electric toothbrush Soocas raises $30 million Series C

China’s Soocas continues to jostle with global toothbrush giants as it raises 200 million yuan ($30 million) in a series C funding round. The Shenzhen-based oral care manufacturer has secured the new capital from lead investor Vision Knight Capital, with Kinzon Capital, Greenwoods Investment, Yunmu Capital and Cathay Capital also participating in the round. The new […]

View More Xiaomi-backed electric toothbrush Soocas raises $30 million Series C

Fitbit’s newest fitness tracker is just for employees and health insurance members

Fitbit has a new fitness tracker, but it’s one that you can’t buy in stores. The company quietly uncorked the Inspire on Friday, releasing its first product that is available only to corporate employees and health insurance members. The idea is to offer a fully subsidized wearable that helps the company dig deeper into the […]

View More Fitbit’s newest fitness tracker is just for employees and health insurance members

Xiaomi’s flexible phone is real and puts Samsung and Royole to shame

Xiaomi president Bin Lin has confirmed the rumors that the company is working on “the world’s first double-folding phone” by sharing a video of himself demoing the device. In his Weibo post, Bin Lin mentioned that Xiaomi will consider mass producing t…

View More Xiaomi’s flexible phone is real and puts Samsung and Royole to shame

Xiaomi’s double-folding phone really exists, and it looks amazing

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A few weeks ago, a leaked video showed a tablet-like device, allegedly made by Xiaomi, that folded in two places to create a pretty sleek smartphone. 

Now we know that this phone is real, and that it’s made by Xiaomi. 

Xiaomi’s president Lin Bin posted a teaser video on China’s Weibo, giving us a 51-second look at this upcoming device — and it looks better than any other foldable phone we’ve seen so far. 

In the accompanying post, Bin says Xiaomi has conquered a number of technical obstacles to create the device, which he calls the “world’s first double-folding mobile phone.” Read more…

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View More Xiaomi’s double-folding phone really exists, and it looks amazing

Xiaomi teases a double-folding smartphone… ohhai digital triptych!

China’s Xiaomi has become the latest smartphone maker to tease a folding smartphone, dropping the below video clip of its president and co-founder, Bin Lin, fondling the device on social media today. The twist is the tablet does not have a single center parting but rather two folds that divide it into three panels, with […]

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Apple HomePod comes to China at $400 amid iPhone sales woes

Apple is finally launching HomePod in China, but the timing is tricky as the premium device will have to wrestle with local competitors and a slowing economy. The firm said over the weekend that its smart speaker will be available in Mainland China and Hong Kong starting January 18, adding to a list of countries where […]

View More Apple HomePod comes to China at $400 amid iPhone sales woes

Xiaomi’s five-year plan is a $1.5 billion bet on smart homes

Xiaomi, the Chinese company best known for budget phones, is betting big on a future of connected homes. It plans to plough at least 100 billion yuan, or $1.48 billion, into the so-called “AIoT” sector over the next five years, founder and chief operating office Lei Jun announced on Friday. AIoT, short for “AI + […]

View More Xiaomi’s five-year plan is a $1.5 billion bet on smart homes