Philips Lighting and Chinese mobile internet company Xiaomi has signed a joint venture agreement for smart home lighting in China.
The companies have joined forces to design and develop connected LED luminaires and lamps for Xiaomi’s wireless smart home platform, including apps for controlling the lights both via Android and IoS-based smartphones. The co-developed products will be sold through Xiaomi’s retail channels.
The joint venture company will be 70% owned by Philips Lighting and 30% by Xiaomi. Financial details were not disclosed.
“Bringing together Xiaomi’s winning platform and online marketing philosophy with Philips Lighting’s superior connected lighting technology is a great idea,” said John Wang, Philips Lighting’s market leader for Greater China.
“In the coming months, Xiaomi customers using its smart home ecosystem will be able to choose from an even broader family of well-designed connected LED luminaires that work flawlessly on the Xiaomi platform.”
“By contributing respective advantages from both companies, Xiaomi and Philips Lighting will provide customers with the best smart lighting solutions through this cooperation,” said De Liu, Xiaomi’s co-founder, vice-president and head of Mi Ecosystem.