Yeah, men, how’s the josh?? I hope it’s on max!! This is about Xiaomi, I mean the Unknown facts about Xiaomi History.
So, to all Mi fans,
here are some of the most interesting and amazing details about Mi that are going to blow your mind.
Let’s continue the journey…
What is Xiaomi? : Xiaomi History
This Corporation is a Chinese electronics company founded in 2010 by Lei Jun with headquarters in Beijing.
Company manufactures and invests in smartphones, mobile apps, laptops, bags, trimmers, earphones, MI TV, shoes, fitness bands, and many more. Ranked 468th, Xiaomi is the youngest Fortune Global 500 company on the 2019 list.
Xiaomi has a staff of 15,000 in China, India, Malaysia, Singapore
Also spreading to other countries like Australia, the Philippines, and South Africa.
Lei Jun, the chairman and CEO, has an approximate net worth of US$ 12.5 billion according to Forbes magazine. He is the 11th richest person in China, and the 118th in the globe.
Since raising US$ 1.1 billion from investors, Xiaomi is the fourth most successful technology company in the world
And bringing Xiaomi’s worth greater than US$ 46 billion. Click here for SSD vs HDD article.
The Chinese term for “millet” is Xiaomi. His CEO Lei Jun indicated in 2011 that there are more interpretations than just the “millet and rice.”
He related the “Xiao” aspect to the Buddhist idea that “a single grain of rice from a Buddhist is as large as a mountain,” implying that Xiaomi wants to work from the little stuff instead of looking for excellence, while “mi” is an acronym for Mobile Internet and also Mission Impossible.
He also claimed he thought the name was cute. Lei Jun said the name is about transformation in 2012 and is willing to introduce creativity to a new region.
During the Second Sino Japanese War, Xiaomi’s latest ‘Gun’ processor gives weight to many references connecting the latter with the nationalist “millet and gun” idiom of the Communist Party of China.
About Lei Jun
|Born on||16 December 1969|
|Birthplace||Xiantao, Hubei, China|
|Occupation||Co-founder & CEO of Xiaomi Inc, Chairman of Kingsoft|
Chairman of UCWeb Inc., Chairman of YY.com
|Net Worth||US$11.9 billion (Feb 2020)|
Lei was born in Xiantao, Hubei, China on 16th December 1969.
He graduated from Mianyang Middle School in 1987 and began attending Wuhan University where, within two years,
he achieved all qualifications and graduated with a BA in computer sciences.
During his last year, he also launched his first business at college Lei jun is also known as Gundugoms.
Lei entered Kingsoft as an engineer in 1992, becoming the company’s CEO in 1998 and taking them to an IPO. He resigned as Kingsoft’s president and CEO on 20 December 2007, citing “health reasons.”
On 6 April 2010 Lei Jun and six collaborators co-founded Xiaomi:
- Lin Bin, vice president of the Google China Institute of Engineering
- Dr. Zhou Guangping, senior director of the Motorola Beijing R&D center
- Liu De, department head of industrial design at the Beijing Institute of Technology
- Li Wanqiang, general manager of Kingsoft Dictionary
- Wong Kong-Kat, principal development manager
- Hong Feng, senior product manager for Google China
First Smartphone launched by Xiaomi
First smartphone of Xiaomi history is launched in August 2011 and rapidly won market share in China to become the largest mobile business in the world in 2014.
And became the fourth-largest mobile maker in the world at the beginning of the second quarter of 2018, leading in both China’s biggest sector and India’s second-largest segment.
Xiaomi also developed a broader variety of consumer products and a software platform for the smart home (IoT).
Xiaomi History: 2010 Journey Begins
As we can see, Xiaomi was formed in 2010 by a team of seven genius men aged between 30 and 40 years, a generation marginally more mature than the founder’s age.
That is because there have already been individuals with years of experience amongst them, because some of them have either been interested in forming other firms or have been recognized as real talents in multinational technology companies like Twitter, Microsoft, Motorola, and others.
Mi Pop Festival
The first Mi Pop Festival took place in Peking, China, in April 2012.
No artist was invited to the event, as its aim was to unite and honor those participating with the company.
The Chinese producer sold 7.2 million accessories this year.
The first Redmi Series smartphone was launched in July 2013. At that time, the smartphone was pre-ordered by more than 9 million Mi Fans from Qzone (the social networking platform founded in 2005 by Tencent).
The product resulted in substantially raising the sales figure, shipping 18.7 million devices.
The Mi Ecosystem started displaying a spectacular outcome in 2014.
With the introduction of articles such as the Mi Team, Mi Air Purifier, and other amazing Mi-series devices, the business-led those headlines.
That was how Xiaomi continued to hit 61 million devices sales and ended this year as the world’s most successful company with a valuation of $46,000 million. Click here
Xiaomi History and INDIA
The company is concentrating on India, the second-largest mobile market in the world. On May 2, 2018, Xiaomi confirmed the introduction of Mi Music and Mi Video in India to offer “value-added internet services.
” Xiaomi revealed on 22 March 2017 that, in collaboration with contract manufacturer Foxconn, it is aiming to set up a second manufacturing facility in India.
Xiaomi revealed on its blog on 7 August 2018 that it is Holitech Technology Ltd. Ltd., the biggest manufacturer to Xiaomi, will spend up to $200 million over the next three years.click here
Recently Xiaomi has started selling simplified items like shades, hats, pillows, glass lunch boxes, cups, filters, bags, backpacks, luggage, screwdrivers, and umbrellas.or new plant in India.
Xiaomi makes several products. Notably, it manufactures devices that operate on their own firmware version of Android MIUI.
Observers believe that much of the exponential growth of Xiaomi depends on its willingness to isolate itself within the Android universe. The firm has broadened its product range; its smartphones
The company’s version of the Android operating system, the MIUI interface, with its architecture, device store, and functionality, has built a consumer group that forms a vital part of Xiaomi’s customer base and contributes to the company’s market recognition push. click here
This ecosystem is a major revenue stream as seen in 2015 when network revenues hit $750million.
Controversies in Xiaomi History
As an organization expands its normal to be in controversy in any area. The same was true of Xiaomi.
Xiaomi was unfavorably protected for non-compliance with the terms of the GNU GPL. The Linux kernel of the Android project is approved under the terms of the GPL copyleft, which allows Xiaomi to publish the entire source code of the Android kernel and software trees for each Android system distributes.
By failing to do so or unreasonably preventing such updates, Xiaomi works in breach with the terms of the GPL.
After repeated delays in the release of kernel source code, prominent Android developer Francisco Franco publicly criticized Xiaomi’s behavior. Xiaomi had previously pledged to comply with the GPL in a timely manner, but has since reneged.
Comparisons with Apple Inc.
Xiaomi was related to Apple Inc., an American organization when critics considered several of Xiaomi’s phones and tablets to look identical to Apple’s.
Furthermore, Xiaomi’s marketing campaign is often characterized as riding behind the “Apple cult.”
It is claimed that Xiaomi’s chairman and CEO, Lei Jun, after reading a book about Steve Jobs in college, carefully crafted a Steve Jobs portrait, including denim, dark shirts, and Jobs ‘announcing style at the earlier product announcements.
He was listed as a “counterfeit Jobs” despite the aforementioned.
The demonstration slides used Apple’s famous “One more thing …” slide while presenting the Mi Band at the Mi 4 announcement conference in 2014; it was the only English-language slide in the whole show.
In 2012, the company allegedly falsified Apple’s philosophy and attitude. Critics asked how much of Xiaomi’s 2013 deals were innovative, and how much of their innovation was simply just good public relations.
Some point out that while there are similarities with Apple, Xiaomi sets apart the prospect of utilizing Google’s Android operating system to customize the app to suit consumer needs.
Xiaomi was also recognized for the hunger marketing tactics that Apple uses, too. “Sold out in just 50 seconds!” This statement is what an article said when Xiaomi launched its newest Mi Note 2 smartphone, and it made more people concentrate on their new product.
When Xiaomi launches new items, they report the shortest period time the new item is sold out.
On their official page, their latest items are only eligible for orders, customers who have pre-registered will be offered a chance to make a purchase.
Huggo Bara :
The company announced in August 2013 that it was recruiting Google’s Hugo Barra, where he worked as the vice president of product management for the Android platform.
Barra declined to comment on the timing of Google’s relationships, saying he had been in talks with Xiaomi for more than a year before the move was announced.
He will be working as Xiaomi’s vice president to grow the business outside mainland China, rendering Xiaomi the first firm to market smartphones to poach a top Google Android team staffer.
Barra concentrated on helping Xiaomi expand internationally. In January 2017 Barra resigned from his position to join Facebook as VP of virtual reality.
Privacy concerns: biggest in Xiaomi history
Xiaomi’s Mi Cloud cloud storage service holds all the app details on its servers in China.
There have also been rumors that Xiaomi’s Cloud Messaging service sends certain private data to Xiaomi servers, such as call logs and contact information.
Xiaomi later introduced an MIUI update that made cloud messaging optional; if the cloud messaging feature is switched off, Xiaomi said, no private data would be submitted to Xiaomi servers.
Xiaomi revealed in October 2014 that they are building servers outside of China for foreign customers claiming better connectivity and regulatory enforcement in many nations.
At about the same time, the Indian Air Force issued a warning against Xiaomi phones, stating that they constituted a national threat as they sent user data to a Chinese government agency.
In September 2016, computer science student Thijs Broenink accused Xiaomi phones with a pre-installed device called AnalyticsCore.
After further review, Thijs Broenink confirmed in a blog post that AnalyticsCore is able to submit system details to Xiaomi servers, including IMEI, MAC address, Model, and other parameters.
He also revealed Xiaomi phones with a backdoor which would enable any device to be activated without user permission. The veracity of the arguments needs to be confirmed
Sales number controversy
The Fair Trade Commission in Taiwan had investigated flash sales and found that Xiaomi had sold fewer smartphones than had been advertised.
In December, it prosecuted 3 independent flash sales.
Xiaomi claimed the number of smartphones sold in those flash sales was 10,000 units each for the first two sales, and 8,000 for the third.
FTC had checked the allegations and pointed out that in the first flash sale, Xiaomi just sold 9,339 smartphones, in the second 9,492 units, and in the third 7,389.
It was discovered that Xiaomi had issued 1,750 preference ‘F codes’ to people who could position their orders without needing to go through the flash sale during the first flash sale,
thereby reducing the stock that was open to the general public. Xiaomi has been fined NT$600,000 by the FTC.
Ban in India (temporary): nightmare in Xiaomi history
The Delhi High Court on 9 December 2014 issued an ex parte injunction prohibiting the import and selling of Xiaomi devices in India.
This order was issued in response to a complaint lodged by Ericsson about the violation of its FRAND (Fair, Reasonable and Non-Discriminatory Licensing) patent.
This warrant issued by the High Court remained valid until 5 February 2015, the date on which a substantive trial of the case remained held for the High Court to subpoena all parties.
On 16 December, Xiaomi was granted permission by the Delhi High Court to sell its devices which run on a Qualcomm-based processor until 8 January 2015. Following this, on 30 December 2014, Xiaomi held various sales on Flipkart like.click here
The business got press attention for this sale as its flagship Xiaomi Redmi Note 4 G phone sold out in 6 seconds.
The judge prolonged the temporary injunction from the division bench enabling Xiaomi to start selling Qualcomm chipset based handsets until March 2018.