Xiaomi is a very young tech company that emerged in 2010. In just a few years, it joined the leader board both in China, its home country, and around the globe. The company started by releasing its own Android firmware. Later, they created their own smartphones, followed by tablets, headphones, fitness bracelets and other gadgets. Xiaomi’s success secret is that the company offers a wide range of devices: starting with low-cost models that are accessible to all customers, ending with unique models with technical features approaching their top competitors. What’s more, Xiaomi offers much cheaper devices than other companies, because the low price is compensated by built-in ad revenue.
Over the past few weeks, Libra has probably become the most discussed topic in all media outlets. There is a lot of speculation around the topic: someone views initiative as a threat, while others believe that it is a long-awaited breakthrough.