Chinese Huami 600m Thursday Nyse Ipo

Strava Labs heat map around a military base in Kandahar.

The realisation that through wearable technology you could track the movements of army personnel as they perform daily exercise routines and the information can be used to plot the existence and the physical parameters of sensitive military installations must have jolted a few military top brass out of their complacency judging by how much media attention it garnered.

The picture above is a snapshot of the outlines of a military base in Kandahar Afghanistan as tracked by Strava Labs.

Through the use of this publicly available data it is possible to use google maps to track how frequently and the name of a US Army Major as he used a particular route around the base. The US military said they were adjusting the guidelines that govern the use of wearable tech at such facilities.

IDC estimates that the overall wearables market is expected to grow from 113.2 million shipments in 2017 to 222.3 million in 2021 with a compound annual growth rate (CAGR) of 18.4%, according to the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker.

The most popular wearables to date have been basic wristbands like the Xiaomi Mi Band or Fitbit Charge. However, such wearables are quickly becoming commodities and IDC anticipates low single-digit growth in this category throughout the forecast period. Meanwhile, watches (both smart and basic) are on track to take the lead and are expected to grow from 61.5 million in 2017 to 149.5 million in 2021 as more vendors – particularly fashion brands—and cellular connectivity built into smartwatches help to drive growth in this category.

Xiaomi Eco system is a large network of smart devices that brings you closer to the future.

The company applies the most recent manufacturing technologies and works with the most sought-after industrial designers to provide you with long-lasting and stylish-looking gadgets that make your life easier.

Xiaomi is among the most active investors in local start-ups that the company not only supports financially but also helps them to position themselves in the market.

In just three years, Xiaomi has assisted nearly 90 start-ups. As of the beginning of 2017, the hottest of them got a $1 billion valuation and went international.

Xiaomi’s crowdfunding platform — is a starting point for up-and-coming companies that want to showcase their innovation. The platform has accumulated more than 2 million users in China alone.

This makes sense because the mobile handset market in China may have reached saturation point.

According to Mo Jia, research analyst at Canalys, now that consumers have traded up from basic phones to entry-level smartphones, they feel they don’t need another one.

People are saying that “the phones they have now are already good enough,” Mr Jia told the BBC.

“We say that it’s gone from a ‘change’ market to a ‘stop’ market.”

Since even entry-level smartphones have an abundance of features, the life cycles of these devices are much longer than before, now up to 26.8 months, according to Canalys.

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The research firm does not see the Chinese smartphone market growing until 5G devices hit the scene in late 2019.

Huami Corp, a Chinese manufacturer of wearable devices backed by Xiaomi Corp, plans to raise up to $120 million in total proceeds from an initial public offering on New York Stock Exchange.

The Hefei, Anhui province-based company said in a filing with the US Securities and Exchange Commission that it aims to offer 10 million American depositary shares in an indicative price range of $10 to $12 apiece.

Huami, founded in 2013, makes Chinese smartphone maker Xiaomi’s Mi smart wrist band, and also designs and manufactures smart wearable products under the brand Amazfit.

The company reported a profit of 95.4 million yuan ($15.1 million) for the nine months ended Sept 30, 2017, following a loss of 19.1 million yuan the year before.

Its revenue for the period jumped 37 percent to 1.3 billion yuan.

Xiaomi is the biggest client and distribution channel for Huaimi’s products, accounting for 82.4 percent of its sales in the first nine months of 2017.

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Meanwhile, two companies affiliated with Lei Jun, Xiaomi’s founder and CEO, hold 39.7 percent of Huami’s shares. In comparison, Huang Wang, Huami CEO, owns 39.4 percent of the company.

By the end of last year, Xiaomi said it had over 85 million electronic devices connected to its internet of things platform, with 10 million of them in daily active use.


Posted infinance, IPO, technology, Uncategorized | TaggedApple, Entrepreneur, finance, Huami, IPO, New York, NYSE, Technology, Xiaomi |

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