Comment on Portable Steaming Projector Attracting Venture Capital Interest in China: XGIMI Raises $16M in Series A by Chinese Online Video Service Baofeng Launches a 16 Dollar VR Headset | TechNode

['Tracey Xiang', 'More Tracey Xiang', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2014-08-07 00:00:00

Like HiWiFi, one of the first smart routers of its kind, the first streaming projectors also have attracted much attention and strong venture capital interest in China. XGIMI, one of the first streaming projectors that has made much fuss, announced RMB100 million (roughly US$16 mn) in Series A funding yesterday. But unlike the traditional projectors which cost less than big-screen TV sets, the newly emerged streaming projectors are priced much higher than most Android smartphones or even smartTVs. The list price for an XGIMI is RMB3000 (about US$500) while LeTV, a Chinese smart TV maker, now is selling a high-spec Android-powered TV model for less than one third of that. Since it debut on JD.com, the online retail site most Chinese smart hardware makers sell their products, less than three months ago, about 50,000 pieces have been sold.