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Struggling Xiaomi bets on smart rice cookers

Beyond smartphones, the unicorn is investing in hardware startups and selling various devices

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The gadgets in Xiaomi's stores can be operated from its smartphones and are typically priced near the low range of competing products. A couple of years ago, Xiaomi was China's top smartphone seller, but its dominance in smartphones has proved fleeting.

New York

ON a recent afternoon in northern Beijing, Chinese 20-somethings lean over a long blond-wood table in a retail store, examining colourful smartphones and fitness bands. The white walls and spare space recall an Apple Store, but on display is a wider, and more curious, range of

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