Xiaomi posted its fastest pace of revenue growth in the third quarter since its 2018 listing but warned of a ‘supply chain shortage.’
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.
Elliott and James welcome IDC’s VP of Device Research Bryan Ma to the show to discuss strong performance from Xiaomi in a tough year.
Xiaomi is selling the idea that smartphones are necessary goods and idemand will bounce back after the pandemic is over.
In this episode, the guys welcome veteran China tech journalist Wang Boyuan to the show.
The coronavirus outbreak has accelerated a downward trend in smartphone sales, though Huawei managed to notch modest annual growth in the quarter.
Total handset sales in China surged by 241% in March compared with February but more than one third of Chinese consumers have delayed new phone purchases.
China tech in Africa is still going global, chasing new growth and backing African startups focused on financial inclusion.
In translation from Ran Caijing, a look at how far China tech stocks plunged under the influence of the virus—and the few that rose.