Latest Viomi Gadgets
Viomi Technology is a Chinese manufacturer that develops and sells Internet-of-Things enabled home products. Viomi is backed by Chinese smartphone maker Xiaomi. Moreover, Xiaomi has a 19.5% stake in Viomi and 62.6% of Viomi’s early 2018 revenue came from product sales to Xiaomi.
Viomi’s products include premium range hoods, a series of instant-heating water heaters, water purification systems. Which accounted for 65% of Viomi’s FY17 revenue refrigerators with connected displays. Moreover, the latter can help users with food management, display television shows, or take calls; a dishwasher. That you can connect and control via an app at any time; a robot vacuum cleaner. In addition, they can store several floor maps which Viomi claims to improve efficiency and you can control it through their app. As of September 2018, they were developing speakers and stove ranges.
They have developed a unique IoT Home platform consisting of an ecosystem of innovative IoT-enabled smart home products, together with a suite of complementary consumable products and value-added businesses. Moreover, this platform provides an attractive entry point into the consumer’s home. This enables consumers to intelligently interact with a broad portfolio of IoT products in an intuitive and human-like manner. This is for making daily life more convenient, efficient, and enjoyable while allowing us to grow our household user base and capture various additional scenario-driven consumption events in the home environment. In short, Viomi’s smart products can communicate with each other through their IoT Home platform.
Viomi opened for trading on the Nasdaq in September 2018 for $9 a share, raising $102.6 million. Their underwriters included Morgan Stanley and China International Capital Corporation Hong Kong Securities. In their public filing, Viomi said they returned to profitability in 2017 and generated $10.6 million net income in the first half of 2018, an increase of 271.5% from the same period the year prior.
Latest Viomi Gadgets