X-mini

Last updated
Xmi Pte Ltd
Company typePrivate company
IndustryElectrical/Electronic Manufacturing, Audio
Founded Singapore
(August 2006;18 years ago (2006-08))
Headquarters Singapore
Key people
Ryan Lee
(Founder, CEO)
ProductsCapsule speakers
Website x-mini.com//

Xmi Private Limited, is a Singapore technological company founded in 2006 by brothers Ryan Lee and Reuben Lee together with Barry Choo. [1] Ryan Lee is also the current CEO of the company. [2] Xmi focuses on multimedia products, including small portable speaker with high-quality sound. [3] Xmi is more commonly known as X-mini which is the brand name of its products.

Contents

The main products that the company offers are compact and portable capsule speakers that have in-built rechargeable batteries which work mainly with smartphones, tablets and other smart devices. The newer capsule speakers produced by Xmi include Bluetooth capabilities which allow wireless connection with smart devices. Xmi managed to break-even on all first year expenses within three months of launching of its first X-mini™ Capsule Speakers. [4] As of 2012, Xmi has sold close to three million units of the X-mini™ Capsule Speakers. [5]

Products

Xmi introduced their first X-mini speakers in 2007. The X-mini speakers had built-in rechargeable batteries to provide a direct energy source for the speakers. [6]

In 2009, Xmi launched the second generation speakers with a new function called "buddyjack" which enables users to connect multiple capsule speakers to a single source of music. [6]

In 2011, Xmi invested approximately $1million in a manufacturing plant in Shenzhen, China to help produce components and research new ideas and improvements for its X-mini™ products. The plant employs about 180 engineers and assembly workers. [7]

Overseas Market

Xmi currently sells in over 80 countries across regions like Asia Pacific, Australia, Europe, Latin America, Middle East and North America. In 2014, international sales of Xmi's products accounted for 95% of its total revenue. [2] Since Xmi was established, it had taken a proactive stance on selling on the global market so as to have a larger consumer population. Lee understood that Xmi has to produce in large quantities to survive as a business. [7] Xmi USA was officially incorporated in Los Angeles, California on 27 April 2012 which will serve the markets in North America and South America. After Xmi USA's incorporation, Xmi has managed to double its revenue in 2012. [8]

Related Research Articles

<span class="mw-page-title-main">Singapore Exchange</span> Investment holding company in Singapore

Singapore Exchange Limited is a Singapore-based exchange conglomerate, operating equity, fixed income, currency and commodity markets. It provides a range of listing, trading, clearing, settlement, depository and data services. SGX Group is also a member of the World Federation of Exchanges and the Asian and Oceanian Stock Exchanges Federation. it is ASEAN's second largest market capitalization after Indonesia Stock Exchange at US$585.97 billion as of September 2023.

<span class="mw-page-title-main">Jurong Port</span> Singaporean Harbor

Jurong Port Pte Ltd is a port operator headquartered in Singapore. Jurong Port, which operates the only multi-purpose port in Singapore, handles bulk, break-bulk and containerised cargo. It handled over 40,000 vessel-calls annually in 2019.

<span class="mw-page-title-main">BreadTalk</span> Singapore food corporation

BreadTalk Group Private Limited is a Singaporean multinational snack and beverage corporation headquartered in Paya Lebar, Singapore.

OSIM International Pte Ltd is a Singapore-based company that manufactures wellness technology and lifestyle products such as well being chairs, massage chairs and sofas, slimming belts, and pulse massagers. The company also recently ventured to manufacturing gaming chairs and electronic products related to gaming, virtual reality and beauty and fitness.

<span class="mw-page-title-main">John Laycock</span> Founding member of Singapore progressive party

Christopher John Laycock was a British-born Singaporean lawyer who was the founder of one of Singapore's earliest law firms, Laycock and Ong. He was also a founder of the Singapore Progressive Party and served as Member of the Legislative Assembly from 1948 to 1959.

<span class="mw-page-title-main">Republic Polytechnic</span> Post-secondary academic institution in Singapore

Republic Polytechnic (RP) is a post-secondary education institution and statutory board under the purview of the Ministry of Education in Singapore.

<span class="mw-page-title-main">Singapore Flyer</span> Observation wheel in Singapore

The Singapore Flyer is an observation wheel at the Downtown Core district of Singapore. Officially opened on 15 April 2008, it has 28 air-conditioned capsules, each able to accommodate 28 passengers, and incorporates a three-story terminal building. The flyer has made numerous appearances in media and popular culture that features Singapore.

Lee Yi Shyan is a Singaporean politician. In 2020, Lee retired and did not stand in the 2020 Singaporean general election.

The Singapore Book Publishers Association (SBPA) was incorporated in May 1968 with 22 company members, 14 of which were of Singapore origin. As of 1 July 2016 the association has 64 members engaged in a wide range of publishing, marketing and distribution activities. These are in the areas of educational textbooks, children's books, general and trade books, academic and scholarly publications, reference materials and some electronic publications.

<span class="mw-page-title-main">CozyCot</span> Social networking website

CozyCot is a social networking website for women from East Asia and Southeast Asia. It was founded by Nicole Yee and Clemen Chiang in 2001, as a hobby website dedicated to Asian women. Subsequently, the concept of sharing product and service information and opinions gathered a steady community, turning it into a venture business. CozyCot users interact in the forum and by reviewing beauty products, also in the live events organized by the staff. The importance of its review database is increased by an iPhone scanner software developed by CozyCot, which allows users to pull up product reviews from the website by capturing the barcodes with cameras in their iPhones. In April 2010, CozyCot launched the newspaper and, in June 2011, the mook with the same name.

Dato Jannie Chan Siew Lee (曾秀丽), also known by her married name, Jannie Tay, is a Singaporean entrepreneur and former president of the Singapore Retailers Association and the ASEAN Business Forum, in both cases the first woman to hold the position.

<span class="mw-page-title-main">Toh Aik Choon</span>

Toh Aik Choon (1927-1990), was a Malaysian-Singaporean entreprenuer. He was born in the Malayan seaport of Penang in 1927 as the youngest child in a family of three. A.C. attended the Chung Ling High School in Penang before his education was disrupted by the Second World War.

Maxspid Enterprise Pte Ltd is a Singaporean company that produces emergency lighting. It was founded in 1978. Its CEO, Jimi Wong, also sits on the management board of the Singapore Lighting Association.

<span class="mw-page-title-main">Finian Tan</span> Singaporean venture capitalist

Dr. Finian Tan is a venture capitalist, entrepreneur, the founder and chairman of Vickers Venture Partners. It is an international venture capital firm with a presence in Singapore, Shanghai, New York, Hong Kong, San Diego, San Francisco, and Kuala Lumpur. Before he started Vickers, Tan was Managing Director, and head of the Credit Suisse First Boston (“CSFB”) group of banks in Singapore and Malaysia, a role he took on after leaving his position as the Founding Partner and Managing Director of Silicon Valley venture capital firm Draper Fisher Jurvetson Planet for Asia, where he made an early investment in Chinese tech giant Baidu.

<span class="mw-page-title-main">Fourth Lee Hsien Loong Cabinet</span>

The Fourth Cabinet of Lee Hsien Loong of the Government of Singapore was announced on 28 September 2015 following the 2015 general election on 11 September, and came into effect on 1 October 2015. The day after the election, Prime Minister Lee Hsien Loong told the media that he would form the Cabinet within two weeks.

<span class="mw-page-title-main">13th Parliament of Singapore</span>

The 13th Parliament of Singapore was a meeting of the Parliament of Singapore. The first session commenced on 15 January 2016 and was dissolved on 23 June 2020. The membership was set by the 2015 Singapore General Election on 11 September 2015, and changed twice throughout the term; one was the resignation of Bukit Batok Single Member Constituency MP David Ong in 2016, and the resignation of Marsiling–Yew Tee Group Representation Constituency MP and Speaker Halimah Yacob in 2017.

<span class="mw-page-title-main">Pan Asia Logistics</span>

Pan Asia Logistics has its headquarters located in Singapore. Services include air freight, ocean freight and logistics.

<span class="mw-page-title-main">Hegen</span> A baby product brand in Singapore

Hegen is a Singapore brand incorporated in June 2014 that designs and produces breastfeeding pumps, storage containers, and bottles. Its flagship product is its Express-Store-Feed system with the patented Press-to-Close, Twist-to-Open (PCTO) technology. Its current CEO is its founder, Yvon Bock. Hegen was reported to be one of the top 10 fastest growing companies in Singapore and ranked #41 in the Financial Times "High-Growth Companies Asia-Pacific 2022".

<span class="mw-page-title-main">Clemen Chiang</span> Singaporean entrepreneur

Clemen Chiang is a Singaporean entrepreneur who is the co-founder of CozyCot and founder of Spiking, and member of Boards of Directors of several publicly listed companies in the Singapore and Hong Kong Stock Exchanges.

References

  1. Canon Singapore. "Xmi Pte Ltd - Barry Choo". Canon Singapore. Canon Singapore. Retrieved 17 April 2015.
  2. 1 2 Lee, Yi Shyan. "Speech by Mr Lee Yi Shyan Senior Minister of Trade and Industry During the Committee of Supply Debate Under Head". Ministry of Trade and Industry Singapore. Ministry of Trade and Industry Singapore. Retrieved 16 April 2015.
  3. Xmi Pte Ltd. "About Xmi Pte Ltd". X-mini. Xmi Pte Ltd. Retrieved 11 April 2015.
  4. Chinnovate.com. "Speakers Ryan Lee". Chinnovate.com. Chinnovate.com. Retrieved 17 April 2015.
  5. Asia Pacific Entrepreneur Awards Singapore. "Asia Pacific Entrepreneur Past Awards". Asia Pacific Entrepreneur Awards Singapore. Asia Pacific Entrepreneur Awards Singapore. Retrieved 11 April 2015.
  6. 1 2 Xmi Pte Ltd (2009). "Xmi Pte Ltd Company Profile". Xmi Pte Ltd. Retrieved 12 April 2015.
  7. 1 2 Wells, Jennifer Schultz. "Small Speakers, Big Potential". Forbes. Retrieved 16 April 2015.
  8. International Enterprise Singapore. "X-mini Capsule Speakers Plug In To The US". International Enterprise Singapore. International Enterprise Singapore. Retrieved 11 April 2015.