Xiaomi to launch its own wireless carrier

Don't expect it to be a competition though. China Mobile has more than 800 million subscriptions; China Unicom has around 300 million; and China Telecom has about 200 million. That's a total of 1.3 billion subscriptions in a country with a population of 1.37 billion; that's a lot of people with multiple devices already. Additionally, Mi Mobile will be an MVNO, meaning Xiaomi will rent network capacity from those giants. But, bringing MVNO options to China could end up creating a big shift by giving lower income people more options and potentially pushing the major Chinese carriers to innovate a bit more quickly. 

Mi Mobile plans come in two flavors. First is a pay-as-you-go model which charges 0.10 yuan ($0.02) for each minute on voice calls, each text message or each MB of data. Alternatively, users who crave data can opt for a 59 yuan ($9.25) plan that keeps the 0.10 yuan per minute/text charge, but gives users 3GB of data per month instead, though it will still be 0.10 yuan per MB over that limit.  

The pay-as-you-go option will will be available starting September 23, and the monthly plan will be available for public beta in October. As is customary for Xiaomi, the plans will only be available online. 

source: CNBC