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Xiaomi is another one, their build quality is good and they make a whole bunch of actually useful non "tech" things like escooters, air filters, vaccuums. I don
by xkcd-sucks 8y ago
Xiaomi is another one, their build quality is good and they make a whole bunch of actually useful non "tech" things like escooters, air filters, vaccuums. I don't know if they're shady with finances or data collection though
- tehlike 8y agoI cant imagine xiaomis finances being balloon. I think it currently sits at 28b$ and makes it super cheap. Same goes with jd.
- sanxiyn 8y agoXiaomi doesn't really make air filters and vacuums, they are made by their partners. Xiaomi is providing retail service to those partners. Xiaomi also provides partners other services, like pooling purchases to lower price and pooling loans to lower rate. One financial analysis of Xiaomi I read (it's in Korean, I couldn't find anything in English) is that it is in part a lending company funded by float from manufacturing partners. Xiaomi has a personal loan product which grew by 100x in two years to ~1 billion. Liquidity comes from delay between retail sale to partner payment.
- baybal2 8y agoTo begin with, money in China are super duper cheap to begin with. I guess, even "super duper cheap" was not enough for Xiaomi
- baybal2 8y ago> useful non "tech" things like escooters, air filters, vaccuums. Since when scooters, air filters, and vacuums turned "not a tech?"