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The NextMarket Report — Alibaba

Chinese Companies Betting Big on Smart Kitchen

Mike Wolf Alibaba China Midea Smart Kitchen TenCent Xiaomi

It appears China has woken up to the smart kitchen.  Midea, one of the largest makers of rice cookers in the Chinese market (40% market share), is working with Xiaomi to create a Wi-Fi connected rice cooker. The deal, which had Midea selling $55 million worth of shares to Xiaomi, looks to be only the beginning for Midea, who has indicated they're also working on HomeKit and WeChat (TenCent) integrated air conditioners. High-end Chinese appliance maker Robam has developed its own connected appliance line called ROKI, which includes a range hood and gas stove.  The appliances include access to recipes and instructions, adjust...

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Alibaba Launches Smart Home Division

Mike Wolf Alibaba Xiaomo

It looks like Xiaomi has some company. Another Chinese tech giant has announced plans to enter the smart home space. Alibaba, a Chinese online commerce comglomerate, has announced they are creating a 'smart living' business unit.  While early details are sketchy - they indicate they'll sell connected products through their Tmall portal and also offer some cloud computing services and a crowdfunding platform - the announcement is notable in that Alibaba is such a massive player in online commerce.  It's not too surprising that a company the size of Alibaba is starting to look at IoT.  After all, if they are...

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