Xiaomi backs Dyson’s Chinese challenger Dreame in $15 million round

Once known for its affordable smartphones, Xiaomi has in recent years been transforming itself into an online mall for consumer electronics by cutting checks and building relationships with hundreds of hardware and lifestyle startups. And some of its allies are now going after the Western market with their high-end, China-made products. Beijing-based Dreame, which produces […]

Xiaomi backs Dyson’s Chinese challenger Dreame in $15 million round

Once known for its affordable smartphones, Xiaomi has in recent years been transforming itself into an online mall for consumer electronics by cutting checks and building relationships with hundreds of hardware and lifestyle startups. And some of its allies are now going after the Western market with their high-end, China-made products. Beijing-based Dreame, which produces […]

Smart Bike Startup Yunmake Gets Series A From Xiaomi Founder’s Investment Firm

Yunmake X1 Yunmake, a Hangzhou-based smart bike maker, has raised a Series A led by Shunwei Capital, the investment firm led by Xiaomi chief executive officer Lei Jun. The company did not reveal the precise amount, but an article posted to Yunmake founder and CEO Qiu Yiwu’s Weibo said that the round is worth “tens of millions of RMB” (10 million RMB is equal to about $1.6 million). Read More