Xiaomi banking on new smart ACs

Chinese tech company Xiaomi Corp has unveiled a new smart air conditioner in its latest effort to expand its smart product portfolio, but industry insiders warned traditional home appliance manufacturers have the upper hand and richer experience in their own sector.

Priced at 1,999 yuan ($295), Xiaomi's latest air conditioner features minimalist design, app control and voice commands, as well as precise temperature adjustment by 0.1 C, according to a statement from the company.

The tech giant has long been expanding beyond smartphones. Other home appliance products under its sub-brand Mijia include air purifiers, cleaning robots, rice cookers, smart lamps and cameras. These products are internet-connected and Wi-Fi-enabled, and can be controlled via the Mi Home app.