LeTV releases new Smart TV at below cost

Rhea Liu LeTV introduced its third generation Super TV in Hong Kong yesterday, at a price lower than the Super TV’s batch manufacturing cost. The third generation Super TV includes six models, the X40, X55,…

Confirmed: Xiaomi Laptop to be released next year

Rhea Liu Xiaomi will introduce its laptop next year, said Richard Lee, CEO of Taiwan-based manufacturer Inventec, in an interview with DigiTimes of Taiwan. Inventec manufactures Xiaomi’s mobile phones and is also one of Xiaomi’s…

Tmall to make Beijing its new headquarters

Rhea Liu Alibaba’s premium e-commerce portal, Tmall, is about to set up a new headquarter in Beijing in time for the November “Double 11” celebration, reports industrial blog Huxiu. Alibaba announced today its “Hangzhou+Beijing dual-center…

Pony Ma reduces stake in Tencent

Rhea Liu Pony Ma, CEO and founder of Tencent, reduced his stake in Tencent by 23.85 million shares between September 17 and 22, according to the Hong Kong Stock Exchange. Ma offloaded four times between…

Ant Financial to be listed on China’s Mainboard…

Rhea Liu Shen Guojun, Chairman of Yintai Group, announced to the public on Tuesday that Ant Financial will go public on China’s mainboard from next year. Shen is known as a close friend of Alibaba’s…

Xiaomi Introduces Mi Mobile

Xiaomi introduced its Mobile Virtual Network Operator service (MVNO), Mi Mobile, at a press conference yesterday afternoon. Mi Mobile will come in two packages: Ren Wo Xing, pay as you go, will be based on…