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Xiaomi Betting Big On Small Startups; Plans To Invest In More Than 100 Of Them | Androidheadlines.com

Xiaomi Betting Big On Small Startups; Plans To Invest In More Than 100 Of Them | Androidheadlines.com | Pitch it! | Scoop.it

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Xiaomi Inc., headquartered in Beijing, China, may not be the most easily recognizable brand in the US, but it is the world's 3rd largest smartphone OEM aftter Apple and Samsung, and the biggest in China, having recently surpassed Samsung in that market. For the uninitiated, Xiaomi designs, develops and sells not only smartphones, but mobile apps, accessories and smart consumer electronics. It was only last year, that they ventured out of their home base in China and immediately proved to be a big hitin other Asian markets most notably, in India. Last December, Xiaomi became the world’s most valuable technology start-up after it received US$1.1 billion funding from investors, making it a $46 billion company. US-China investment firm GGV Capital has also invested in three different Xiaomi-backed companies since and is actively funding Xiaomi-backed firms as part of its Internet-of-Things bet.

However, Xiaomi has no plans to sit on its laurels and plans to move full steam ahead in its quest to become what their CEO Lei Jun calls an “ecosystem empire”. But even though they’ve grown exponentially over the past few years, they are increasingly facing challenges on their home turf from domestic technology companies like LeTV, that are betting big in the smart devices business.

Earlier this week, when Xiaomi backed robotics company Ninebot who acquired Segway in an acquisition, it was a big step for Xiaomi because it marked the first time one of their group companies had bought a globally recognized brand. Talking about that acquisition and his plans for Xiaomi going forward, the company CEO Mr. Lei Jun, while interacting with reporters, said that Xiaomi wasn’t concerned about challenges coming from their hardware competitors. Its strategy, he said, is to grow the company into an “ecosystem empire” with the focus being on software that can link up anything, anywhere. The company already offers smart products including, but not limited to smart bulbs, smart air purifiers, smart televisions etc. Now with new-found financial muscle, Xiaomi can radically increase its already burgeoning product portfolio simply by investing in new partners in all corners of the Internet-of-Things industry. With a view to achieving those goals, Xiaomi he says, has already invested in more than 20 startups and plans to invest in a hundred more and help them achieve growth, said Mr. Lei Jun.

By Kishalaya KunduIntern Writer



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Marc Kneepkens's insight:

Xiaomi is becoming a powerhouse in Asia. They profit margins are much lower than Apple's, but they are  building and gaining market share.

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Echelon 2014: Startup Marketplace gets bigger

More than 100 companies – startups and enterprises, are expected to showcase their products at one massive hall at Echelon 2014, on June 10 & 11

Since its inception in 2010, Echelon has come a long way recognising the best of startups in the technology and digital domains in Asia.

Fifty startups through invitation, selected through a stringent four-stage process, will get a chance to showcase their product/s at Startup Marketplace, the exhibition space at Echelon 2014, to be held on June 10 & 11 at the Expo Drive in Singapore. This year, Startup Marketplace will share space with Tech Alley (the space for enterprises to showcase themselves), in one massive hall, allowing startups and enterprises to interact freely and build momentum and engagement. In all, there will be more than 100 technology companies exhibiting their wares.

To read the full article, click on the title or image.



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Marc Kneepkens's insight:

This is an event in Singapore. Startups are popping up everywhere and Asia is certainly doing its share. Is this becoming part of a new economy?

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Xiaomi Will Invest in More Startups to Capitalize on Smart Homes

Xiaomi Will Invest in More Startups to Capitalize on Smart Homes | Pitch it! | Scoop.it
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Xiaomi Corp. will invest in “a lot more” startups this year, President Bin Lin said, as the Chinese phone maker seeks software and services to capitalize on the burgeoning business of smart homes. The investments will include appliances and hardware that complement Xiaomi’s existing devices, Lin said during an interview at the company’s Beijing headquarters. Xiaomi took stakes in more than 20 startups in the past 18 months, Lin said, and the company has introduced products including air purifiers and light bulbs that can be controlled by smartphones.

More here: http://snip.ly/x0CD



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 John Gumersell Jr., Founder

Marc Kneepkens's insight:

A new corporate entry for startups in Asia. Xiaomi is going for the Internet of Things trend and carving out their positions.

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How to raise money for your startup from VCs and investors in Asia

How to raise money for your startup from VCs and investors in Asia | Pitch it! | Scoop.it

Thomas Clayton has started and run numerous high-tech startups in Silicon Valley. He is currently CEO of Bubbly, a social media startup backed by Sequoia Capital, SingTel Innov8, and JAFCO. The company is one of the largest VC–backed startups in Southeast Asia, having raised over $60M in funding.

We’ve asked him to give us some insight into starting, building, and funding a company across Asia. This is the final part of a four-part series.

The final piece of my four-part guide to expanding a business into Asia is tailored more towards local startups and a big issue that affects many of them: raising funding from investors.

The process of raising money in Asia is very different from raising money in Silicon Valley and, frankly, it’s not nearly as easy. Asia has far fewer VC firms and institutional investors, each of which invests a far smaller amount of capital. Moreover, the fundraising process is not standardized like it is in the Valley, and that is not going to change anytime soon.

Many Asian entrepreneurs tell me that they want to raise funds from Silicon Valley firms because they perceive the valuations to be higher. But the problem with this is that most VCs in the Valley, especially early stage ones, only like to invest in companies that are within driving distance from their offices. They are highly unlikely to invest in companies based outside of the Valley — much less in another country 8,000 miles away!

I try to emphasize to them that they’re simply wasting their time in trying to court the Valley VCs from all the way over here. The only Valley VCs that’ll invest in Asia startups typically are those that have a presence here in the region (e.g. Sequoia, Accel, NEA, etc.). However, this primarily applies to businesses within China and India, where these big firms reside, as they rarely invest in startups outside of those two countries.

If your business is based in Asia, despite a potentially tougher hill to climb, you’re still much more likely to be successful raising funds locally.

In order to help those looking down this path, I’ve mapped out what startups should expect in the process and how to come out on top.


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Marc Kneepkens's curator insight, September 15, 2013 5:04 PM

Fabulous article, great comparison of the Asian VC situation compared to how things work in Silicon Valley.

If you're looking for VC in Asia, read this series of articles. Higly recommended.

How to court VC funding companies? Check out VC Guide: https://growthink.infusionsoft.com/go/vcguide/gt4045/