VENTURE CAPITAL POST

Xiaomi said it will begin delivering its first electric vehicle (EV) model, the SU7, to customers this month.

Chinese tech giant Xiaomi unveiled its first EV model, the SU7, on Thursday, when it detailed plans to enter the competitive electric vehicle (EV) market.

Xiaomi’s partnership with India’s Hungama will make it easier, more accessible and more affordable for locals to access the company’s service that will soon be integrated together with themes and ringtones.

The technology start-ups in India are looking for investments from Chinese companies like Cheetah Mobile. The booming Indian technology sector is attracting many tech companies in China to invest in these Indian techs start-up firms.

A startup focusing in the student accommodation markets just received $60 million from high-profile firms and individuals, led by VY Capital. Student.com will use the funds to expand its presence and service in the promising markets of international students accommodation. For now, most of Student.com's bookings came from Asia-based students.

Chinese phonemaker Xiaomi introduces its new Redmi 3 on Monday. With its full-metal body, the Redmi 3 is a beautiful phone with unexpectedly lower price.

Xiaomi sold 1 million handsets in the third quarter in India, which considered its second biggest market. CNET has reported that Xiaomi VO Hugo Barra considers this quarter their best quarter ever with the sales benchmarks it reported. The sales in India add a whopping 45 percent quarter-on-quarter growth for the company.

Chinese smartphone manufacturer, Xiaomi announces its latest flagship and addition to its high demand Mi4 family with the new Mi4c. The company has been able to keep with its theme of producing an affordable smartphone with high spec. The Mi4c according to some reviewers comes with a spec similar likes the Google Nexus 5X but with cheaper price tag.

The world's largest smartphone manufacturer, Samsung is struggling to increase its market share after the company continuously reported a decline in profit. The first decline is reported back in its third quarter revenue in 2014. Investors are anxious to see what Samsung has in plan to ensure more revenue for their next quarterly report.

Foxconn, the electronics company headquartered in Taiwan, has pulled out $1B investment to Indonesia, rumors have it. But according to a report, Foxconn claims they haven't cancelled it yet.

Unicorns are defined as startup companies that are valued at $1 billion or more. It takes a lot to reach the unicorn level, yet some companies have done it faster than the rest.

Foxconn, an electronic company in Taiwan with trade name Hon Hai Precision Co. Ltd., signed a memorandum of understanding with the government of India to invest $5B in manufacturing, research and development and a smart city.

Apple, Inc. took a 92 percent share of the profits of the entire smartphone industry in the first quarter of 2015. This is despite the fact that Apple's iPhones only accounted for less than 20 percent of all phones sold within that period.

Taiwanese smartphone manufacturer HTC predicts a loss as it released preliminary results for the fiscal second quarter of 2015. The Company's campaign in the mid-tier smartphones competition is considered to be a major factor in their financial distress.

Last week, Asustek Computer Inc (Asus) chairman Johnny Shih in an internal company meeting had suggested that it may be a possibility to buy Taiwan-based smartphones and tablets manufacturer, HTC. However, HTC came out with its own statement on Monday, saying it will not consider a merger with Asus and also pointed out that no formal or informal talks had ever taken place in connection with the said acquisition.