Xiaomi posted its fastest pace of revenue growth in the third quarter since its 2018 listing but warned of a ‘supply chain shortage.’
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Posted inHeavy Hitters
Xiaomi readies $4.3 billion in share buybacks
Xiaomi will roll out a more aggressive share buyback initiative following an earlier plan to repurchase up to HK$12 billion worth of stock.
Posted inHeavy Hitters
Xiaomi brings in banker to boost fintech push
Xiaomi is actively seeking new growth opportunities outside smartphones as global handset sales shrink, and fintech is the answer.
Posted inThe Numbers
Xiaomi spent $65 million on share buybacks this week
The buybacks of Xiaomi shares come during turmoil in Asian markets. The global smartphone market is expected to be severely hit by the coronavirus outbreak.
Posted inHeavy Hitters
Xiaomi spins off Poco, its Indian smartphone brand
Xiaomi began implementing a multi-brand strategy in 2018 in a bid to target different user segments and drive growth.
Posted inHeavy Hitters
Xiaomi has started testing its virtual bank Airstar in Hong Kong
Xiaomi-backed virtual bank Airstar will begin piloting its services in Hong Kong, and plans to formally launch later this year.
Posted inHeavy Hitters
Xiaomi to set up consumer finance firm in Chongqing
Xiaomi is looking to expand its consumer finance offerings both in China and abroad as growth slows for its core smartphone business.
Posted inHeavy Hitters
Xiaomi wants to be exempted from an e-commerce ban in India
Chinese handset makers including Xiaomi and Realme are asking the Indian government to list smartphones as an essential commodity so that they can be sold on e-commerce platforms during the nationwide lockdown in India. Why it matters: India is one of the most important overseas markets for many Chinese smartphone makers, and a 21-day national lockdown […]
Posted inHeavy Hitters
Huawei in talks to sell Honor phone business: report
Chinese smartphone maker Huawei is in negotiations with several Chinese electronics companies to sell parts of its Honor smartphone unit.
Posted inHeavy Hitters
Lenovo, Xiaomi quarrel after smartphone executive jumps ship
Lenovo has threatened legal action after the head of its smartphone division left for a job with the smartphone maker.
