Industry News Update – Week of 12/26/2017

Last week, Didi Chuxing raised $4 billion from Softbank to further expand its international presence and to advance its autonomous and electric vehicles initiatives. Following this funding round, the company's valuation increased to $56 billion.

Magic Leap disclosed details of its Magic Leap One "Creator Edition" to the public on December 20th. The product consists of a head-mounted visual display, handheld controller, and a power source attached to the hip with a belt. The product is expected to be available to consumers in 2018.

DocuSign acquired Appuri, a customer-engagement analytics company, to enhance its product experience and marketing conversations with customers by integrating Appuri's machine learning technology into its platform.

Xiaomi is expected to generate $1 billion in profits in 2017 and between $17 billion to $18 billion in revenue in 2017 which represents an 18% increase compared to the company's previous 2017 revenue target.

The news articles and links presented below are available for your reference.


“DocuSign Acquires Tech Rights And Hires Team From Machine Learning Startup, Appuri"


"China's Didi Cashes Up to Go Global in Next Stage of Uber Battle"


"Magic Leap Shows Off Its Magic Leap One ‘Creator Edition’ AR headset, Shipping In 2018"


"Exclusive: IPO Hopeful Xiaomi Set to Blow Past 2017 Revenue Target - Sources"