Xiaomi’s latest flagship smartphone looks much like Apple’s rival handsets except for one crucial difference: the price – which is less than half that of the similarly metallic iPhone 5s from the US group.
The steel handset was unveiled in Beijing by chief executive Lei JunLei on Tuesday, with reports that the crowd murmured “iPhone” as it was unveiled. Hugo Barra, the Google executive who joined Xiaomi as global vice-president last year, was also at the event. Read more
To accompany its preliminary quarterly earnings guidance on Tuesday, Samsung Electronics for the first time issued an explanatory note, to address “investors’ concerns about uncertainties”. Here are some of the key issues facing shareholders after Samsung’s 24 per cent year-on-year earnings decline. Read more
Jack Ma, Alibaba’s founder, admitted on Sunday that he had never once used Taobao, the ebay-like flagship website for the ecommerce company he will be taking public later this year, writes Charles Clover and Ma Fangjing.
The odd sounding admission came in the middle of a rambling commencement speech to graduates of Tsinghua University on Sunday, in which he highlighted his humble origins and lack of professional experience. He needs to keep his emotional distance from his products, he said, so that he can make decisions about them objectively. And that apparently means not knowing how they work. Read more
Samsung Electronics has replaced its head of mobile design just weeks after the launch of its latest flagship Galaxy S5 phone, which was praised in online reviews for its features but criticised for its design.
The South Korean company, however, called the move a routine reshuffle, and denied any link to the criticism. Chang Dong-hoon will retain a broader role overseeing design across the company, while Lee Min-hyouk – at 42, one of the youngest figures in Samsung’s senior ranks – has been promoted to head of the company’s mobile communications design team. Read more
Alibaba on Tuesday submitted the first filing for its upcoming initial public offering in New York. Unusually for a private company, prospective investors already knew some of its key financial details, since Yahoo, its major shareholder, reports them as part of its quarterly results.
So what did we learn from the new filings? Read more
China’s mountainous Guangxi Zhuang Autonomous Region has little of the wealth and fast development of the places in China foreigners have already heard of, but on one key measure of economic development, Guangxi is winning — the growth rate of spending online.
Online shopping throughout China is expanding fast – far faster than the US and Europe – but it’s growing particularly fast in China’s poorer regions like Guangxi, where malls are sparser and the number of people getting online for the first time is greater. Read more