china's ventures into the smart-home market - home appliances manufacturers in china

Chinese e-
Business billionaire Liu Qiangdong is following his peers in search of a part of a smartphonehome market. Liu’s JD.
China's biggest e-commerce competitor
The business giant controlled by Alibaba Group plans to invest 67. 5 million yuan ($10. 8 million)
A 45% stake in the joint venture with China voice and language technology company iflytek Co.
The new company will develop intelligence
Home appliances and voice
In a March 5 document, HKUST xunfei said that control solutions for devices that can be remotely controlled by phone or computer. JD.
Com will support HKUST xunfei by providing marketing and sales channels for future products.
Feng Tao, spokesman for HKUST xunfei, said on the phone: "This is a combination of Jingdong's business platform and our technology . ".
"But we are still in the early stages of product and technology planning.
"Many Chinese billionaires have been attracted by China's emerging smartphones --
According to iResearch Consulting, China's real estate market will reach 1 trillion yuan by 2020.
Billionaire Lei's smartphone supplier, Xiaomi, in June, is producing air purifiers and light bulbs that can be controlled by the company's mobile phones, while Ma's Tencent is trying to connect devices to them instantly
WeChat message service
Alibaba Group also works with more than 100 electrical and electronics manufacturers to produce connected devices. Its smart-home app, Ali-
The company said in January that smartphones will be available this spring on the MX4 model of the Chinese smartphone maker Meizu. 28 post. Anhui-
HKUST xunfei is famous for creating voice
A control app similar to Apple Siri.
The company has 0. 68 billion users on its voice platform.
It appears on the Forbes list of the top 200 in Asia.
Liu ranked first.
China ranked 11 in the rich list, ranking first.
This year, the world's billionaires ranking 179, net assets of $7. 8 billion.