US investors will be prohibited from buying Xiaomi shares and will have to divest their holdings by November, according to the executive order.
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Posted inTurf Wars
Huawei to fall to seventh place in 2021 global handset rankings: report
Huawei is losing its status as a smartphone powerhouse in 2021, with a smartphone shipment forecast putting it in seventh place among global vendors.
Posted inTurf Wars
Xiaomi to launch in Japan in 2020 amid ongoing global push
Overseas sales topped 40% of revenue for the company in the second quarter.
Posted inTurf Wars
China’s smartphone giants team up to challenge Google Play: report
Huawei, Xiaomi, Oppo, and Vivo are reportedly collaborating on an app platform for overseas markets, potentially competing with Google’s Play store.
Posted inHeavy Hitters
Xiaomi launches new TV and treadmill as it advances AIoT push
Xiaomi seeks to gain ground in the battle for consumer living rooms with its artificial intelligence of things (AIoT) initiative.
Posted inHeavy Hitters
GM China’s JV, partner accuse Tencent of antitrust violations
The startup also sued Tencent for patent infringement, demanding RMB 80 million for using patented technology in Tencent’s mapping service.
Posted inHeavy Hitters
Huawei widens lead in China smartphone market after US ban: report
Chinese consumers rallied to support one of their country’s tech behemoths.
Posted inHeavy Hitters
Briefing: Xiaomi payment app Mi Pay enters India
Mi Pay allows users to make payment via multiple options such as UPI, credit cards, debit cards, and internet banking.
Posted inHeavy Hitters
Nio remains bullish on research, profitability, and US plans: CEO
Li’s comments come at a time when China’s EV sales start to slow amid potential recession worries, growing competition, and supply chain disruptions due to frequent Covid comebacks.
Posted inTurf Wars
Briefing: Xiaomi briefly joins short video craze with new app
It’s a latecomer to the short video scene, where Bytedance and BAT are already wrestling for user attention spans.
