27 May '15, 4am

Xiaomi Technology expects 2015 cloud computing revenues to hike 4-5 fold, says chairman

Xiaomi Technology expects 2015 cloud computing revenues to hike 4-5 fold, says chairman Daniel Shen, Guiyang; Adam Hwang, DIGITIMES [Tuesday 26 May 2015] Xiaomi Technology expects its revenues from cloud storage services in 2015 to hike on year by 4-5 fold, according to company chairman and founder Lei Jun speaking at the Global Big Data Era Guiyang Summit 2015 in Guiyang, southwestern China. In order to meet Big Data demand from users of its smartphones and other smart devices, Xiaomi has invested US$1 billion to develop cloud storage services through cooperation with China-based software developer Kingsoft and began to provide the services in 2014, Lei said. In addition to smartphones, Xiaomi sells more than one million smart wrist bands, over 100,000 sports cameras and over 100,000 smart air purifiers a month, Lei indicated. There are 97 million users on its cloud stora...

Full article: http://www.digitimes.com/news/a20150526PD209.html

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