During March 2016 press briefing, Xiaomi’s induction rice cooker (米家压力电饭煲) was revealed as the company rolled out its new Mi Ecosystem brand, MiJia (米家) that focuses on the many other home appliances it makes. Like any other smart gadgets by the company, this intelligent household device costs only RMB 999 / US$150 / S$210 – a relatively small price to…