Xiaomi releases MIUI 12 global update with more privacy controls, revamped user interface

Xiaomi on Tuesday unveiled the global version of MIUI 12, the latest update to its Android -based operating system, for hundreds of millions of smartphones as the Chinese electronics giant pushes to broaden its services ecosystem.

The world’s fourth largest smartphone firm said it is delivering a range of new features to its overseas users with MIUI 12 including a revamped user interface, the ability to cast the phone screen without the need to connect it to a computer, improvement to multitasking support and battery life, and more privacy controls to users.

Chief among the new changes is how the software looks. A company executive said animation renders slightly differently after installing MIUI 12, stretching more naturally across the screen — especially on smartphones with rounded corners — as a user taps on an app.

Xiaomi has been able to deliver this graphical improvement thanks to what it calls “kernel-level innovation” that includes a new rendering engine, she said.

“With our rendering, we have enabled color blending and Gaussian blur. You can see various degrees of blurring happening in real time as light penetrates different materials,” explained Louisa Jia, head of marketing and operations of Global MIUI, at an event today.

MIUI 12, which is built atop Android 9 and Android 10 (depending on the device it will be rolled out on), also changes how storage, memory, and power consumption usage are displayed on the phone, making it easier for users to quickly understand the state of their device at a glance.

As part of the new coat of paint, Xiaomi is also deploying dark mode across all third-party apps, including those that have not introduced support for this feature yet.

Support for multitasking is also getting an improvement, popping any additional app on a floating screen that users can move around to any part of the screen and engage quickly without having to switch from the game or other app that they were focusing on. The company said it is also introducing “ultra battery saver” feature that kicks in when the level of phone charge hits 5%. The new feature shuts off every non-essential service to deliver an additional five hours of battery life.

Privacy

Another interesting feature the company is introducing grants more privacy control to users. MIUI 12 will allow users to easily monitor and restrict apps from using the camera, microphone, location, contacts, storage, call history, and calendar.

Whenever an app uses any of these, a persistent icon appears in the notification bar, tapping which will allow users to see which app is using this data and easily shut that access. Additionally, like with newer versions of Android and iOS, MIUI 12 gives users the ability to determine how often an app can access sensitive personal information.

Xiaomi said with MIUI 12, it is also providing users with the ability to strip off sensitive information such as location data from a photo before they share it with their friends. By default, the new operating system will strip off such data from photos — a feature that privacy advocates have long desired, and business communication app Slack recently introduced to its service.

MIUI 12 will roll out to select smartphones — Mi 9, Mi 9T, Mi 9T Pro, Redmi K20, and Redmi K20 Pro — at the end of June, and dozens of smartphone models including Poco F1 and Redmi 6 that were launched in 2018, “soon afterward,” said Jia. The company said it will make a beta version of MIUI 12 available to users next week for those who don’t want to wait for too long.

More than 300 million smartphones ran MIUI software at the end of last year, Xiaomi revealed in its most recent earnings call in late March. The company has previously stated that it is banking on MIUI to expand its services ecosystem as it looks to cut its financial reliance on sales of gadgets.

Xiaomi launches app to offer credit to millennials in India

Xiaomi, the top smartphone vendor in India, today joined a growing wave of fintech startups in the nation that are offering credit to aspirational young professionals and millennials.

The Chinese electronics giant said today it is launching Mi Credit, its curated marketplace for digital lending, that offers users credit between Rs 5,000 ($70) and Rs 100,000 ($1,400).

Xiaomi said it has partnered with a number of startups such as Bangalore-based ZestMoney, CreditVidya, Money View, Aditya Birla Finance Limited, and EarlySalary to determine who should get a credit and then finance it.

Users are required to let Mi Credit app access their texts and call logs to look for transactional information and some other details to assess whether they are credit worthy. This whole process takes just a few minutes and eligible users can walk out with some credit, said Manu Jain, Vice President of Xiaomi, at a conference in New Delhi.

He added that having multiple partners for the crediting platform ensures that the likeliness of a user securing a loan is high. Once a user has secured a credit from the app, they can avail more credit in the future with a single click, the company said.

For startups that have partnered with Xiaomi, the big draw is access to a large user base, an executive with one of the partner startups told TechCrunch.

Xiaomi, which has been the top smartphone vendor in India for nine consecutive quarters, has an install base in tens of millions in the country. The company has shipped more than 100 million smartphones in the country, it recently revealed.

Xiaomi said the Mi Credit app will be preinstalled on all Xiaomi smartphones running Android -based MIUI operating system. The app is also available for non-Xiaomi Android smartphone users from the Google Play Store. (It’s not available for iPhone users.)

A wave of fintech firms have emerged in recent years in India to help millions of users secure credit and other financial services for the first time in their lives. The penetration of credit card remains very low in the country (roughly three in 100 people in India have a credit card.) This has meant that very few people in the nation have a traditional credit score.

This void has created an immense opportunity for startups to explore a range of other data points to determine who should get a loan. In emerging markets such as India, where the laws are lax, nobody appears to be alarmed with the idea of a company gleaning a lot of personal details.

As of today, Mi Credit is available to users in 1,500 zip codes, or 10 states in India. The company said it plans to extend the credit service to all of India by March next year.

Partner startups involved declined to comment on the financial arrangement they have with Xiaomi. The aforementioned unnamed executive said the agreement would vary with partners and the kind of product they are bringing to the table.

Xiaomi said it has deeply integrated its partners’ offerings into the app. As a result, users are able to see details such as disbursement of loans, lower interest, and credit score in real time.

The company began testing the app with some users in India last month. During the trial, it disbursed loans of over 280 million Indian rupees ($3.9 million).

For Xiaomi, the new offering would help it make its services ecosystem more engaging to consumers. The company, which recently posted one of its slowest growing quarterly reports, has been attempting to cut its reliance on hardware products and make more money off its internet services and through ads.

In March this year, Xiaomi launched Mi Pay, a UPI-powered payments app, in India. The company said the app has already amassed over 20 million registered users in the country.

Hong Feng, co-founder and senior vice president of Xiaomi, said the company understands the consumption behaviour of its 300 million users. “It is one of the strengths we aim to leverage to build a stronger Mi Finance business globally. We see a huge opportunity for consumer lending in India with estimations reaching up to $1 trillion dollars in digital lending by 2023, as per a report from BCG. This makes us believe that our Mi Finance business, based on solutions such as Mi Pay and Mi Credit can truly revolutionise the Indian FinTech industry.”

Xiaomi’s Q3 earnings report shows slowing growth

Xiaomi, the world’s fourth largest smartphone vendor, on Wednesday reported a 3.3% revenue growth (QoQ) in the quarter that ended in September. While the results fell largely in line with analysts’ expectations, a drastic drop in the company’s growth underscores some of the struggles that handset makers are facing as they shift to services to make up for dwindling smartphone purchases globally.

The Chinese electronics firm posted Q3 revenue of 53.7 billion yuan, or $7.65 billion, an increase compared to 51.95 billion yuan ($7.39 billion) revenue it reported in Q2 and up 5.5% from the same period last year.

This is largely in line with analysts’ estimated revenue of 53.74 billion yuan, per Refinitiv figures, but growth is slowing. As a point of comparison, in Q2, Xiaomi reported QoQ growth of 18.7% and YoY of 14.8%.

Xiaomi said its adjusted profit in the aforementioned quarter was 3.5 billion yuan ($500 million), up from about 2.5 billion yuan a year ago. Gross profit during the period was 8.2 billion yuan ($1.17 billion), up 25.2% year-over-year.

The company said its smartphone business revenue during Q3 stood at 32.3 billion yuan ($4.6 billion), down 7.8% year-over-year. The company, which shipped 32.1 million smartphone units during the period, blamed “downturn” in China’s smartphone market for the decline.

Marketing research firm Canalys reported this month that China’s smartphone market shrank by 3% during Q3. Despite the slowdown, Xiaomi said its gross profit margin of smartphones segment had reached 9% — up from 8.1% and 3.3% in the previous quarters.

Other than Huawei, which leads the handsets market in China, every other smartphone vendor has suffered a drop in their shipment volumes in the country, according to research firm Counterpoint.

But for Xiaomi, this should technically not be a problem. Long before the company listed publicly last year, it has been boasting about its business model: how it makes little money from hardware and more and more from delivering ads and selling internet services.

That internet services business is not growing fast enough, however, to be an engine for the overall company. It grew by 12.3% year-on-year to 5.3 billion yuan ($750 million) and 15% since last quarter. Either way, it accounts for only a fraction of smartphone business’ contribution to the bottomline.

Xiaomi said two years ago that it will only ever make 5% profit from its hardware, something its executives told TechCrunch has been engraved in the company’s “constitution.” But the slow shift to making money off of internet services, while making less money from selling hardware, is one of the chief reasons why the company had an underwhelming IPO.

Meanwhile, the user base of Xiaomi’s Android -based MIUI software is growing. It had 292 million monthly active users as of September this year, up from 278.7 in June.

In more promising signs, Xiaomi said its smart TV and Mi Box platforms had more than 3.2 million paid subscribers and revenue from its fintech business, a territory it entered only in recent quarters, had already reached 1 billion yuan ($140 million).

But it’s hardware that continues to make up the biggest proportion of its revenues. The company, which is increasingly moving its gadgets and services beyond Chinese shores, said revenue from its international business grew 17.2 year-over-year to 26.1 billion yuan ($3.7 billion) in the third quarter — accounting for 48.7% of total revenue.

In a statement, Xiaomi founder and chairman Lei Jun said the company is hopeful that it will be able to further grow its revenues when 5G devices start to get traction. The company has plans to launch at least 10 5G-enabled smartphone models next year, he said. No word from him on what the company intends to do about its services ecosystem.

Xiaomi integrates earthquake alert system into MIUI OS, unveils Xiao AI 3.0 digital assistant

Xiaomi today unveiled a new iteration of its virtual assistant Xiao Ai and shared a new feature of Android -based MIUI operating system as the publicly listed Chinese technology group pushes to expand its internet services ecosystem. The company also said that it will be launching ten 5G devices next year.

At its annual Mi Developer conference in Beijing, the company said it is integrating an earthquake warning function into MIUI for select users in China, with plans to expand it nationwide soon.

The integration, touted as the first of its kind globally, will enable alerts to be sent to smartphones running MIUI 11 and Mi TV “seconds to tens of seconds” before the quake waves arrive, Xiaomi said.

The feature, which was first trialed in September this year, has been developed in partnership with Institute of Care-life, a Chengdu-based organization focusing on natural disaster warning. Xiaomi said it has activated the feature for the earthquake-prone Sichuan Province and plans to expand it elsewhere in the nation soon.

Wang Tun, head of the institute, said this function, unlike those available through apps in some countries, works more efficiently and does not rely on a working internet connection.

Xiao AI 3.0

The company also unveiled Xiao AI voice assistant 3.0, the latest iteration of its digital assistant. The service, used by 49.9 million users each month, now offers a male voice option and supports a naturally continuous dialogue on smartphones.

Xiaomi founder and chief executive Lei Jun addressing developers at a company’s conference on Tuesday

Xiaomi added that it is launching a new version of MACE, the open-source deep-learning framework that powers Xiao AI. The new MACE-Kit for developers will open its source soon, the company said.

“Xiaomi’s AutoML model now leads the industry by dataset performance; and MiNLP, the company’s natural language processing platform, is activated over 6 billion times on a daily basis, making Xiao AI one of the world’s busiest AI platform,” said Cui Baoqiu, VP and Chairman of Xiaomi’s Technical Committee, in a statement.

On the sidelines of these announcements, Xiaomi added that it is aiming to serve more partners in the manufacturing industry around the globe through its Finance payments service. The company has invested in over 270 ecosystem partners, among which more than 100 are focused on the development of smart hardware and lifestyle products, it said. Overall, more than 400 business partners in the manufacturing chain today are using Xiaomi Finance, it claimed.

At the conference, Lei Jun, founder and chief executive of Xiaomi said the company also plans to market over ten 5G-enabled devices next year as part of its effort “in making 5G + AIoT part of daily life of everyone.”