Zimi

ZMI refutes claims that it will halt operations, stating it will continue functioning under the ZMI brand. The company issued an official statement to address ongoing speculation about potential shutdowns or mass layoffs. No further details on operational changes were provided.

Dec 2022GizmochinaNews article

Xiaomi Corporation acquires the remaining **50.1% stake in Zimi International Corp** from founders Li Jun, Huang Wenyuan, and investors including Shunwei Technology II, Little Smart, Power&Fun Holdings, and Zifone for **$200 million**. The deal consolidates Xiaomi’s control over the smart home device manufacturer, expanding its ecosystem in connected home technology. Zimi specializes in voice-controlled smart home products, complementing Xiaomi’s broader IoT strategy.

Jul 2021MarketScreenerNews article

Xiaomi Group acquires the remaining 50.09% stake in Zimi, completing full ownership of the smartphone accessories company. The deal is valued at $205 million, consolidating Xiaomi’s control over Zimi’s operations. Zimi had previously received backing from Xiaomi.

Mar 2021GizmochinaNews article

Xiaomi acquires a 27.4% stake in Zimi International for **$102.84 million**, expanding its presence in IoT and mobile accessories. Zimi produces power banks, chargers, wireless chargers, data cables, and smart home appliances in China. The deal strengthens Xiaomi’s ecosystem by integrating Zimi’s hardware offerings under its brand.

May 2020KrASIANews article