Xiaomi will make joint announcement with Tencent next week on product-related partnership with QQ

Rumors typically abound in the Chinese tech scene, and Chinese smartphone manufacturer Xiaomi has been bombarded by plenty recently — with one report a few days back notably saying that Xiaomi had received an investment of $2 billion from Internet giant Tencent via Russian investment firm DST.

In a bid to dispel these rumors, Xiaomi has confirmed to The Next Web that it will be holding a press conference on July 30 (UPDATE: the press conference has been postponed to July 31) to announce a product-related partnership with QQ — Tencent’s instant messaging platform.

The press conference was first announced on Xiaomi’s official Sina Weibo account, which said that it will reveal an “important partnership” next week. Li Wanqiang, one of the seven founders of Xiaomi, elaborated on the teaser by saying that Xiaomi will be collaborating with QQ — but only in terms of products and nothing else.

You can see a (very cute) poster uploaded by Chinese media outlet IT 168 that depicts Tencent QQ and Xiaomi’s cartoon figures on something that resembles a wedding invitation and alludes to a “happy marriage”, sent by Xiaomi to members of the Chinese media.

All we can do is wait and see what will be announced.

Xiaomi has been well on the rise recently, and it would not be surprising at all for more collaborations to crop up, riding on Xiaomi’s success — which has been attributed to its ability to inspire the loyalty of many consumers. Its competitively priced phones are sold in batches that, when released in phases, regularly sell out fast, often within half an hour.

The last phones it launched were the Xiaomi Mi-2S and the Xiaomi Mi-2A in April this year, which followed last year’s launch of the popular Xiaomi Mi2 phone.

The handset maker booked RMB13.27 billion ($2.15 billion) in revenue for the first six months of this year, exceeding the amount it recorded for the whole of 12 months, which stood at RMB12.6 billion. The 7.03 million devices sold in the first six months this year was also just shy of the 7.19 million units that Xiaomi sold during the whole of 2012.

Earlier this month, it was reported that Xiaomi will be closing a round of funding at the end of July that values it at $9 billion.

Headline image via Thinkstock