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Xiaomi Wants Itself Valued at $50 Billion in Preparation for an IPO

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Xiaomi is reportedly in talks with investment banks regarding a potential IPO in Hong Kong in 2018. During the IPO, the company is reportedly seeking a $50 billion valuation.

Industry experts suggest that a successful IPO could help the company raise at least $5 billion to fuel expansion. The China-based smartphone maker was once the most valuable startup in the world, but recently faces stiff competition from domestic rivals such as Huawei and Oppo.

Xiaomi ramped efforts in India, in particular, and in November was urged to invest in Reliance Jio after announcing plans to pump $1 billion into the country over the next five years. While founder Lei Jun did not comment on the IPO while attending the World Internet Conference in China earlier this week, he noted the company is keen to “transplant China’s business ideas into other countries.”

He referred to the company’s progress in India as miraculous: “After only three years, we’ve become number one,” he reportedly said. Xiaomi is focusing on markets such as Russia and Indonesia and is also bolstering efforts in the US, where it previously sold only fitness bands.

This is part of a broader goal to ship 100 million smartphones globally in 2018. Its target for 2017 is 90 million. The smartphone vendor would be the biggest technology company to go public since Alibaba Group raised $25 billion in a US IPO in 2014, which valued the company at $231.4 billion.

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Huawei Launches Painting App Called GoPaint

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Huawei has announced the upcoming launch of GoPaint, a brand-new self-developed painting app designed specifically for tablets. This exciting development marks Huawei’s entry into the digital art app market, further solidifying their commitment to empowering creative expression.

The GoPaint app promises a wealth of features for both seasoned artists and aspiring creators. It boasts a comprehensive brush library developed in collaboration with a top art team, ensuring a diverse range of tools for various artistic styles. User-friendly features and intuitive design make GoPaint accessible even for beginners, with a full set of tutorials included to guide users on their creative journey.

This launch comes after the resounding success of Huawei’s GoPaint Worldwide Creating Activity in 2023, highlighting the growing demand for digital art tools. By leveraging valuable user insights from the industry’s first smart device vendor to launch a self-developed painting app, Huawei aims to elevate the user experience and make artistic creation accessible to all. Their core concept of “Creation of Beauty” underscores this commitment.

Huawei’s decade-long expertise in the tablet market positions them perfectly to launch this innovative app. Their industry-leading tablets, like the HUAWEI MatePad Pro 13.2″, boast features like the first large flexible OLED display and seamless integration with the pressure-sensitive HUAWEI M-Pencil (3rd generation). Combining this cutting-edge hardware with the powerful GoPaint app creates a perfect ecosystem for artistic creation.

Huawei is poised to become a trailblazer in the digital art world by bridging the gap between its innovative hardware and software. The GoPaint app, expected to be unveiled at the HUAWEI Innovative Product Launch on May 7th, signifies a new era for creative expression on Huawei tablets. With its comprehensive features, user-friendly design, and beginner-friendly tutorials, GoPaint empowers both established artists and aspiring talents to unlock their creative potential.

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Gadgets

Hisense Launches the New 7S Series Washer and Dryer in the MENA Region

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Hisense has launched the 7S Smart Laundry Washer & Dryer in the MENA region. This innovative appliance promises to transform laundry care with its advanced features, intuitive smart technology, and commitment to sustainability. The 7S Smart Laundry Washer & Dryer embodies Hisense’s dedication to meeting the evolving needs of MENA consumers. It seamlessly blends cutting-edge technology with superior quality and eco-friendly practices, offering exceptional performance and unmatched convenience.

Some features include:

  • Control from Anywhere with Connect Life: Users can monitor laundry cycles and receive notifications through the intuitive Connect Life mobile app, putting laundry control at their fingertips.
  • Smart Dosing Eliminates Waste: Say goodbye to measuring detergent. The 7S Washer can store and dispense the perfect amount of detergent and softener for each load, ensuring optimal cleaning and reducing waste.
  • AI Dry for Flawless Results: Experience consistent drying with AI Dry. This technology detects humidity and temperature to automatically select the ideal drying program for each load, preventing over-drying and shrinkage.
  • Inverter Technology: Efficiency & Reliability: Hisense’s advanced inverter technology ensures exceptional performance while minimizing energy consumption, making the 7S a smart choice for both your wallet and the environment.
  • Hygiene Guard & Steam: Clean Clothes, Peace of Mind: Harness the power of steam with the Hygiene Guard feature, ensuring clothes are hygienically clean and free from allergens, offering peace of mind for families.
  • Energy Monitoring for Smarter Laundry: Track your energy and water usage directly from your phone. Analyze water and electricity consumption data to determine the most cost-effective times to run your laundry.

The Hisense 7S Smart Laundry Washer & Dryer is now available across MENA.

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Gadgets

HONOR Launches the Porsche Design HONOR Magic V2 RSR and Porsche Design HONOR Magic6 RSR

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HONOR has announced the new PORSCHE DESIGN HONOR Magic V2 RSR in the UAE market. This premium foldable smartphone embodies luxury and innovation, paying homage to the legacy of Porsche’s design. The PORSCHE DESIGN HONOR Magic V2 RSR caters to the growing demand for personalized luxury products in the MEA region. This exclusive device offers a unique blend of performance, style, and exclusivity, meticulously crafted for high-end consumers.

The PORSCHE DESIGN HONOR Magic V2 RSR boasts a captivating design. Weighing only 234g and measuring a mere 9.9mm thin, it delivers a luxurious feel with the iconic Porsche Agate Grey finish and a signature flyline reminiscent of Porsche sports cars. The stunning foldable OLED LTPO display creates an immersive visual experience. This powerhouse device packs a punch with a Silicon-carbon Battery technology featuring dual 5000mAh batteries and support for 66W HONOR Wired SuperCharge, ensuring users stay connected throughout the day.

HONOR further elevates the user experience with the upcoming launch of the PORSCHE DESIGN HONOR Magic6 RSR. This luxury phone boasts the HONOR Falcon Camera for exceptional capture of photos and videos, even in challenging lighting conditions. The industry-leading HONOR Anti-scratch NanoCrystal Shield enhances durability, while the cutting-edge Snapdragon 8 Gen 3 Mobile Platform delivers exceptional performance and AI capabilities.

Powered by the HONOR MagicOS 8.0, the PORSCHE DESIGN HONOR Magic6 RSR promises revolutionary new interactions and seamless cross-device connectivity. Users can expect industry-first AI applications and groundbreaking advancements in photography, display quality, and overall performance.

The HONOR Magic6 Pro exemplifies HONOR’s commitment to AI-driven innovation. The upgraded AI Falcon camera system, coupled with powerful AI algorithms, captures stunning detail in photographs. HONOR MagicOS 8.0 takes AI to new heights with features like Magic Portal, which leverages AI to recommend apps based on user behaviour. For enhanced privacy, AI Privacy Call 3.0 minimises sound leakage during phone calls using AI and Directional Sound Technology.

The PORSCHE DESIGN HONOR Magic V2 RSR and the upcoming Magic6 RSR stand as testaments to HONOR’s commitment to pushing boundaries and forging groundbreaking collaborations. The partnership with PORSCHE DESIGN redefines what a luxury smartphone can be, offering limitless possibilities for the future. Details on pricing and availability of the PORSCHE DESIGN HONOR Magic V2 RSR and the PORSCHE DESIGN HONOR Magic6 RSR in the UAE will be announced soon.

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