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China’s Xiaomi makes underwhelming public debut in Hong Kong IPO

DhoZNiCUYAA3AFm - China’s Xiaomi makes underwhelming public debut in Hong Kong IPO

China’s Xiaomi, the world’s fifth biggest seller of smartphones, made an underwhelming public debut after it hit the Hong Kong Stock Exchange amid concerns around an ongoing trade war between the U.S. and China. Media reports in the lead up to today’s bell ringing suggested that eight-year-old Xiaomi was shooting for a valuation of as […]

Light is building a smartphone with five to nine cameras

ZRQO7ED3FEI6RLCOIIPPOFSZEM - Light is building a smartphone with five to nine cameras

Light, the company behind the wild L16 camera, is building a smartphone equipped with multiple cameras. According to The Washington Post, the company is prototyping a smartphone with five to nine cameras that’s capable of capturing a 64 megapixel shot. The entire package is not much thicker than an iPhone X, the Post reports. The additional […]

HTC is gone

gettyimages 94843588 - HTC is gone

Gather around, campers, and hear a tale as old as time. Remember the HTC Dream? The Evo 4G? The Google Nexus One? What about the Touch Diamond? All amazing devices. The HTC of 2018 is not the HTC that made these industry-leading devices. That company is gone. It seems HTC is getting ready to lay […]

India’s Cashify raises $12M for its second-hand smartphone business

india phone stores - India’s Cashify raises $12M for its second-hand smartphone business

Cashify, a company that buys and sells used smartphones, is the latest India startup to raise capital from Chinese investors after it announced a $12 million Series C round. Chinese funds CDH Investments and Morningside led the round which included participation from Aihuishou, a China-based startup that sells used electronics in a similar way to Cashify and […]

Oval Money app launches its investment products for millennials

oval money - Oval Money app launches its investment products for millennials

Back in April Oval Money launched with the idea of combining expense tracking, saving, and investing into one app, while also adding a social element by enabling its community of users to share tips and suggestions to one another. The idea is to to help users grow their savings in less time by teaching them […]

Xiaomi posts $1.1B quarterly loss ahead of much-anticipated IPO

opengraph default 150x150 - Xiaomi posts $1.1B quarterly loss ahead of much-anticipated IPO

A month after it filed for a much-anticipated Hong Kong IPO, Xiaomi has revealed a little more financial information after a monster 621-page document disclosed a $1.1 billion (seven billion RMB) loss for the first quarter of the year. The IPO, which could value Xiaomi at up to $100 billion, could to be the largest […]

Google is quietly formulating a new strategy for China

gettyimages 89871839 150x150 - Google is quietly formulating a new strategy for China

Google is slowing piecing together a strategy for China to ensure that it doesn’t miss out on the growth of technology in the world’s largest country. It’s been months in the making through a series of gradual plays, but further evidence of those plans comes today via a product launch. Files Go — a file manager for […]

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