DJI Denies Investor Event, Clarifies Avata 360 Demo Was Internal
Chinese drone manufacturer DJI has officially denied media reports alleging that it held a private investor event in mid-November. The company clarified that the session in question was strictly an internal product demonstration for its unreleased panoramic drone, the Avata 360. Recent reports had cited third-party sources claiming DJI convened investors and made bold strategic assertions, such as positioning itself as the only profitable consumer drone maker globally, stating it did not require external partners, and indicating that the Avata 360 would compete directly on price with Insta360’s Antigravity drone. DJI stated that these claims are inaccurate and misrepresented the nature of the internal meeting. Furthermore, the company emphasized that it reserves the right to take legal action against the spread of such misinformation. This clarification aims to correct the public record regarding DJI's financial stance and product strategy, distancing the firm from speculative narratives about its market positioning and competitive tactics against rivals like Insta360.
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DJI Denies Investor Event, Clarifies Avata 360 Demo Was Internal
Chinese drone manufacturer DJI has officially denied media reports alleging that it held a private investor event in mid-November. The company clarified that the session in question was strictly an internal product demonstration for its unreleased panoramic drone, the Avata 360. Recent reports had cited third-party sources claiming DJI convened investors and made bold strategic assertions, such as positioning itself as the only profitable consumer drone maker globally, stating it did not require external partners, and indicating that the Avata 360 would compete directly on price with Insta360’s Antigravity drone. DJI stated that these claims are inaccurate and misrepresented the nature of the internal meeting. Furthermore, the company emphasized that it reserves the right to take legal action against the spread of such misinformation. This clarification aims to correct the public record regarding DJI's financial stance and product strategy, distancing the firm from speculative narratives about its market positioning and competitive tactics against rivals like Insta360.
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