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"Chinese smartphone manufacturer\u00A0Xiaomi\u00A0is reportedly branching out into making television sets, with the first one scheduled to be unveiled on August 16.\r\n\r\nA Sina Tech report\u00A0cites evidence from Weibo user\u00A0@Only_\u641E\u673A,\u00A0who says that Xiaomi will be manufacturing a 47-inch 1080p TV that features the Dolby sound system and DTS, and will also support the company's\u00A0Milian wireless technology to stream videos, as well as wireless LAN. (You can see a photo of the TV packaging below.)\r\n\r\n\r\n\r\nIn an email response to TNW, Xiaomi co-founder Bin Lin said the company doesn't comment on rumors.\r\n\r\nHowever,\u00A0the company\u2019s aspirations to be more than just a smartphone maker have been thrown into focus after it\u00A0launched\u00A0Xiaomi box, its stream-to-TV set-top box, earlier this year. CEO and founder Lei Jun had told TNW\u00A0it was\u00A0selling \u201Cwell\u201D\u00A0and receiving \u201Cpositive\u201D feedback.\r\n\r\nThe startup raised a\u00A0$216 million funding round\u00A0last year and was valued at roughly $4 billion at the time. The Sina Tech report cites a source as saying the value of the company was so high due to plans for producing TVs on top of smartphones.\r\n\r\nXiaomi sold over 7 million handsets last year and is aiming to sell 15 million devices this year. In April, it unveiled two new smartphones:\u00A0the Xiaomi Mi-2S and the Xiaomi Mi-2A.\r\n\r\nHeadline image via Xiaomi"^^<http://www.w3.org/2001/XMLSchema#string>
<http://thenextweb.com/asia/2013/06/17/chinese-phone-maker-xiaomi-reportedly-releasing-a-47-inch-tv-in-august-as-it-diversifies-its-business/>