Enterprise

Xiaomi’s IPO performs poorly in stock market on first day [Update: It’s doing better now]

Could hamper its performance this year

Published

July 10, 2018

Luigi Leonardo

It’s a bad time to invest in China. After the escalating feud between ZTE and the US, more Chinese companies are feeling the brunt of tense Sino-American relations.

Presently, Chinese phone maker Xiaomi has made a lackluster debut on the stock market. Expecting a valuation of over US$ 100 billion, the company has punched in only US$ 54 billion in valuation, making only US$ 4.7 billion in the IPO.

As for individual stocks, Xiaomi opened to a tepid HK$ 16, much less than their expected HK$ 17.

Prior to the debut, controversies have mired the Chinese market. Just from the company’s perspective, Xiaomi has notoriously expanded their product lineup to include the divisive lifestyle market, most of which have not seen overwhelmingly positive returns yet.

Additionally, ZTE’s troubles with the American government have signaled that Chinese products still aren’t welcome in the West. So far, the issue has affected sales of other Chinese companies including Xiaomi and Huawei, despite their popularity in other countries. Of note, both companies still top the charts all over the world.

Regardless, Xiaomi CEO Lei Jun remains confident that their disappointing IPO is only a minor setback to their overall plans. More importantly, he cites that Xiaomi’s goal of maintaining only a five percent profit is still on track.

However, the IPO trouble will undoubtedly cause speed bumps with the company’s plans to expand to the US later this year.

Update (7/10/2018): After the tumultuous debut, Xiaomi’s stocks showed signs of life the day after. During afternoon trading, the shares’ value rocketed up by 9 percent. As a result, their price increased by as much as HK$ 18.56, well above the company’s expectations.

The jump came as Xiaomi announced its inclusion into the Hang Seng Composite Index. The move allows investors from mainland China to invest in Xiaomi’s stocks. Arguably, Chinese investors show more interest toward the company’s future compared to other foreign investors looking at the political issues in the US.

Xiaomi had already decided on the inclusion in the past. However, the company opted to postpone the move in favor of the Hong Kong debut.

Enterprise

China starts banning AMD, Intel, and Windows

Only from government devices for now

Published

March 26, 2024

Luigi Leonardo

The ongoing trade war between the United States and China is putting a lot of companies out of business in one country. While all eyes are currently on America’s crusade against TikTok, China has launched a salvo of its own. The country has started banning AMD and Intel, starting with government devices.

Recently, as reported by the Financial Times, China has introduced a new rule that bans American chipsets and servers from government agencies. The new ban includes AMD, Intel, and Microsoft Windows.

In lieu of the now-banned brands, Chinese government agencies must use approved brands from a list of 18 Chinese manufacturers. Unsurprisingly, the list includes Huawei, another brand involved in the ongoing trade war. (Huawei is still banned on American soil.)

As with bans from America, China’s latest rules stem from a desire to implement national security. Both countries allege that using brands from the opposing side will open a potential avenue for transferring classified information.

Currently, the ban against the American chipsets are only affecting government devices. However, if it follows the same trajectory as Huawei and TikTok in the United States, a government-only ban might soon lead to an all-out ban on consumer devices. As TikTok is currently hanging in the balance, it’s unlikely that the trade wars will cool down anytime soon.

Enterprise

US sues Apple

For creating an illegal monopoly on smartphones

Published

March 22, 2024

Luigi Leonardo

So far, Apple’s greatest enemy has been the European Union. Months and months of claiming that the company engages in anti-competitive practices, the region has successfully caused Apple to drastically change a lot of things about the iPhone including the Lightning cable. Now, a new challenger wants Apple to answer for its supposed grip on the industry: the United States government.

Today, the Department of Justice is officially suing Apple for supposedly monopolizing the smartphone industry and stifling competition. The lawsuit alleges that Apple’s lineup of products prevent users from trying out other brands. For example, Apple limits how well a third-party smartwatch works on an iPhone, pushing users to go for an Apple Watch instead.

The lawsuit also includes an important pain point in Apple’s fight in Europe. It says that the company makes it difficult for iPhone users to communicate with Android users (and vice versa). Late last year, the company already committed to supporting RCS as a messaging standard, finally easing communication between the two systems. Their adoption has yet to arrive, though.

Though not as stringent as Europe, the American government is no slouch when it comes to questioning its own companies for pursuing anti-competitive practices. In the past, it went through Google and Spotify to protect the interests of its citizens. The lawsuit against Apple is no different, gathering signatures from sixteen states.

For Apple’s part, the company aims to get the case dismissed, alleging the lawsuit’s unfair scope of just the American people when it targets the entire world.

Enterprise

Google launches Gemini 1.5

Less than two months since Gemini 1.0

Published

February 16, 2024

Luigi Leonardo

With how technology is these days, it’s no surprise that the next big thing is always just over the horizon. However, these developments often happen year after year. Today, artificial intelligence is strapping a rocket to this already fast trend. Only a few months since the launch of Gemini, Google has already launched its successor, Gemini 1.5.

Launched only recently, Gemini is a marvel in itself. Prior to the model, Google was already a force in the AI world with Bard. Gemini takes the former model and improves an already impressive service. Currently, users — both in business and for personal use — can subscribe to the service.

Today, Google has confirmed that Gemini 1.5 is official. The company is touting how much more impressive the new version is, compared to its predecessor. For one, Gemini 1.5 Pro is just as powerful as the current Gemini Ultra, beating the latter on 87 percent of tests. The new version is reportedly more efficient in allocating only the necessary resources for queries, rather than the entire model.

Despite allocating resources, Gemini 1.5 can handle a million tokens at a time. For reference, Gemini Pro can only handle 32,000 tokens at a time. Basically, the new version can parse through a humungous chunk of data all at once without batting a digital eye. (Google is claiming that capabilities for 10 million tokens is nearing, too.)

If you want to see what a million tokens in the palm of your hand feels like, Gemini 1.5 is already available for developers and business users. However, a wider rollout is still coming soon.