Xiaomi News

Xiaomi Corp. News: Concerns about its longer-term prospects have scared off investors, shaving off more than a third of the company’s value from a peak shortly after its listing.

StockMarketNews.Today – Xiaomi’s shares initially rallied after its $4.7 billion Hong Kong initial public offering (IPO) in July, but have moved steadily downward since then on concerns about its ability to compete in the market’s more lucrative higher end with the likes of Apple Inc. and Samsung Electronics.

Xiaomi is back with another robot vacuum cleaner, and it’s bigger and better than before.

StockMarketNews.Today – The Mi Robot is one of Xiaomi’s best ecosystem products, and with the second-generation model, there are a few upgrades on offer. If you haven’t heard of the Mi Robot, a quick refresher: under the Mi Ecosystem label, Xiaomi partners with Chinese hardware vendors to release lifestyle and smart home products, and the robot vacuum cleaner falls under this category.

Xiaomi’s sales keep growing lately and that’s despite the limited availability around the globe. The company is working hard on addressing that though and after arrivals in the Philippines, Hungary, and Austria, a Mi Store has just opened in Istanbul.

StockMarketNews.Today – The store is located at Vadistanbul Shopping Center and the opening of the brick-and-mortar shop gathered huge crowds who lined for gift cards, power banks, Mi Band 2 fitness trackers and 800 more surprises. It also offers all the latest mobile devices like the Mi Band 3, Xiaomi Mi 8, and the Android One-based Xiaomi Mi A2 smartphone.