compensate Jun for his "devotion" to the business
Surely the work was its own reward and he is not really a corrupt money grabbing twat of the first order. I'm sure all shareholders approve of this sort of nonsense: Profits? *meh*.
Xiaomi's founder and CEO has received 636.6 million company shares valued at more than £735m – not far off the adjusted net profit figure the fast-rising Chinese mobe maker banked for 2018. The "reward" to Lei Jun, confirmed in Xiaomi's annual report (PDF) for the last full calendar year, is in addition to a salary and …
FTA: "...beyond mobile handsets, the business [...] more recently added a wireless vacuum cleaner, sweeping bot and smart running shoes to its fragmented portfolio."
If those shoes want to be considered smart they'd better be capable of popping out to do a 5km run while I stay on the sofa in my pants, with a pint and a take away.
This was an instance That "Hard work always pays".
you know, Xiaomi was co-founded by Lei Jun in 2010. Xiaomi officially launched its first Android-based firmware MIUI 16 August 2010. And after that xiaomi never look back. It goes higher and higher under the command of its leader its CEO.
There is a single idea which always works " If you give something good then you wii get it more"
Lei Jun, Xiaomi's CEO, told that the company prices the phone almost at bill-of-material prices, without compromising the component quality and performance compared to other premium smartphones. It also profits by selling phone-related peripheral devices, smart home products, apps, online videos and themes.
This was possible only by its CEO
India's government has reportedly started probes into the local activities of Chinese tech companies Vivo and ZTE, prompting a rebuke from China's foreign ministry.
As was the case when Indian authorities seized $725 million from Chinese gadget-maker Xiaomi, the investigations focus on possible irregular financial reporting that may amount to fraud, according to newswire Bloomberg's original report on the matter.
A Bloomberg reporter asked about the state of the investigations at the daily press conference staged by China's Ministry of Foreign Affairs, which produces a transcript of each day's event.
Huawei's long established trading relationship with Leica to integrate the German camera maker's technology into its phones is over, the companies have confirmed.
From February 2016, all Huawei flagships were slated [PDF] to have Leica-developed lenses and branding.
India's government has seized over $724 million of bank deposits held by Chinese gadget-maker Xiaomi and alleged the company has improperly moved funds offshore.
The Directorate of Enforcement, an arm of the Department of Revenue charged with investigating money laundering and violations of foreign exchange laws, did the deed. In a statement [PDF], the Directorate justified the seizure of ₹5551.27 Crore with a claim that Xiaomi has sent similar sums abroad under the guise of paying royalties and payments to other members of the Xiaomi group but did not receive any services in return.
"Xiaomi India has not availed any service from the three foreign-based entities to whom such amounts have been transferred," the statement reads, later adding an allegation that Xiaomi "also provided misleading information to the banks while remitting the money abroad."
For the smartphone industry, the first quarter of 2022 is looking like a repeat of Q1 2020, in which economic uncertainty triggered by world events led to a double-digit shipment slump.
This time around, researchers at Canalys are projecting an 11 percent drop in shipments, rather than 13 percent, and the causes have shifted from being purely about COVID-19 to include the Russia-Ukraine war, rolling lockdowns in China, inflation, and the traditional dip due to slow seasonal demand.
Despite all those uncertainties, Canalys's Sanyam Chaurasia said Apple and Samsung "accelerated their growth by broadening device portfolios for 2022." The iPhone 13 continues to be in demand, Chaurasia said, as does the iPhone SE, while Samsung has lured customers with new A and S-series flagship devices.
Xiaomi has added an earthquake alert system to some of its smartphones, starting with a trial in Indonesia, as a result of a collaboration between the smartphone maker and Indonesian and Chinese government-supported agencies.
Available on handsets running versions 12, 12.5 and 13 of Xiaomi's "MIUI" Android fork, the Earthquake Early Warning (EEW) feature alerts users in Indonesia of nearby tremors – if they have data service and authorize the service.
The Chinese phone-maker claims the system "gives people seconds to tens of seconds warning time prior to the arrival of secondary waves, by leveraging the speed of electric waves that is naturally much faster than the speed of secondary waves."
Chinese smartphones-and-more manufacturer Xiaomi believes its silicon supply chain will return to normal in the second half of 2022 – and by next year it may even have an embarrassment of riches to consider when it shops for components.
Speaking on the company's Q4 2021 earnings call, company president Wang Xiang said "the supply situation will be improved in 2022 – especially in the second half of 2022. In the first half, especially in Q1, we are still facing a great challenge in supply. But starting from Q2, the supply situation will be changed significantly. Q3 and Q4, we'll have a lot of supplies."
Xiang added that a year from how he expects no problems, and possibly even an oversupply of the components the company needs to crank out its kit. The president predicted that logistics issues will also ease.
India's Ministry of Finance has ordered Xiaomi to pay ₹6.53bn ($88m) in import taxes after discovering the local arm of the Chinese electronics company was undervaluing its transactions.
The finding was the result of an investigation carried out by India's Directorate of Revenue Intelligence. The investigators said they'd found documents indicating Xiaomi India was remitting royalty and licensing fees to Qualcomm and Beijing Xiaomi Mobile Software, but not including them in the transaction value of the imported goods.
"By not adding 'royalty and licence fee' into the transaction value, Xiaomi India was evading Customs duty being the beneficial owner of such imported mobile phones, the parts and components thereof," said the Ministry of Finance in a canned statement.
The Chinese government has unveiled a draft law clamping down on deepfakes – the practice of using AI to adapt existing digital content into realistic simulations of humans.
The draft emerged last Friday from the Cyberspace Administration of China and frames the need for regulation in the context of the government's desire to ensure the internet is a tool for good and not the wretched hive of scum and villainy it has often become.
The explanatory memorandum for the policy suggests criminals and fraudsters will be attracted to using digitally created voice, video, chatbots, or manipulation of faces or gestures. The draft therefore rules out the use of such fakes for any application that could disrupt social order, infringe individuals' rights, deliver fake news, or depict sexual activity. It also proposes requiring a grant of permission for use of what China calls "deep synthesis" before it can be employed for legitimate uses.
Linux fans rejoice: the smarts running behind Xiaomi's Not-Spot, CyberDog, emanate from none other than Ubuntu 18.04.
The Register asked Canonical why not something a little fresher, such as 20.04, and were told by robotics product manager, Gabriel Aguiar Noury, that "the operating system is running 18.04 rather than 20.04 because they are using Jetson, and 18.04 is more compatible for the approach the team had in mind."
Mobe and mattress maker Xiaomi has unveiled its latest tech for keeping phones cool: a small heat pipe mechanism called Loop LiquidCool.
With smartphones these days acting as pocket PCs and users throwing almost everything at them, even gaming, manufacturers are challenged with creating innovative measures to keep the devices cool enough to hold.
Engineers can't start poking ventilation holes in them, and the thinness required of the devices makes the traditional PC solution of heatsinks impractical – although it is often said that the entire case acts as a heatsink of sorts.
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