Xiaomi, a Chinese company that makes a lot of cheap smartphones and sells more of them in China than Apple does, announced a new Internet-powered smart TV today. The TV set is called the Millet TV and it will cost the equivalent of about $500 U.S. It has a 47-inch screen that can show 3D images.
Days before the much-anticipated visit by India's Prime Minister Narendra Modi to the Silicon Valley to focus on supporting innovation & technology in India, Silicon Valley based Peel, a smart remote maker, has announced they are acquiring the Cloud R&D division of Hyderabad-based Fission Labs which will now become Peel India. With a three-year sales growth of 1607%, Alibaba-funded Peel ranked 287 among the Inc. 5000 list of America's fastest-growing private companies this year.
If you own a smart TV, you probably purchased it thinking about all of the ways that you can use it to watch streaming services and your own library of video files. Samsung sees something different, though: they see a great big Internet-connected screen which they can use to splash ads on.
Alibaba Group Holding Ltd. (BABA) shows no signs of slowing down, following its record breaking IPO. The company has now invested $50 million in Peel Technologies, the smart TV remote app developer. Peel specializes in converting smartphones into remote controls for televisions and air conditioners.
Tablets and smartphones dominate our mobile lives. So it makes sense that apps would break into our living rooms, too. Social networks like Twitter and Facebook always go nuts when a popular show premieres or finishes. Developers and companies are taking advantage of this phenomenon by making apps that complement the TV watching experience.