China's top wearable firm made its NYSE debut Thursday, closing up over 2% despite the Dow's 1,000 point drop. Tim Stenovec spoke with David Cui, CFO of Huami, to discuss the company's decision to go public.
Huami is a biometric and activity data-driven company with a focus in smart wearable technology. The company shipped 11.6 million units of smart wearable devices in the first nine months of 2017, more than any other company in the world, according to Frost & Sullivan. Cui explained how the company plans to gain a bigger marketshare of the global market.
Huami has been the sole partner of Xiaomi, a mobile internet company and global consumer electronics brand. Xiaomi is now one of the largest unicorn companies in the world and is expected to go public in 2018. Cui described the special partnership and how Huami will continue to capitalize on the rapidly growing smart wearable market in China.
It might feel like the artificial intelligence train has left the station, but there are still opportunities to get in before the boom gets even bigger.
Nevada’s Supreme Court upheld the state’s ban on ghost guns Thursday, overturning a lower court’s ruling that had sided with a gun manufacturer’s argument the 2021 law regulating firearm parts with no serial numbers was unconstitutionally vague.
We may not be headed for a 2008-esque disaster, but increased geopolitical tension paired with the end of the tech boom means volatility could stick around.
