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.
Federal authorities have released more details and unsealed charges in the theft of more than 2 million dimes earlier this year from a tractor-trailer that had picked up the coins from the U.S. Mint in Philadelphia.
An off-duty pilot riding in the extra seat in the cockpit of a Horizon Air passenger jet tried to shut down the engines in midflight and had to be subdued by the crew, according to a pilot flying the plane.
