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xiaomi smartphone huawei 5G
Posted inThe Numbers

Xiaomi revenue growth accelerates on weaker Huawei

by Wei Sheng Nov 25, 2020Nov 25, 2020

Xiaomi posted its fastest pace of revenue growth in the third quarter since its 2018 listing but warned of a ‘supply chain shortage.’

China tech investor, GSX,
Posted inHeavy Hitters

Xiaomi readies $4.3 billion in share buybacks

by Wei Sheng Jun 24, 2020Jun 24, 2020

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 inOn the Cusp

Xiaomi-backed scooter maker Ninebot readies for STAR Market IPO

by Wei Sheng Jul 22, 2020Jul 22, 2020

Ninebot is expected to become the first foreign-registered company with a variable-interest entity structure to list on a stock exchange in Mainland China.

xiaomi headquarters in Beijing
Posted inHeavy Hitters

Xiaomi brings in banker to boost fintech push

by Wei Sheng Apr 24, 2020Apr 24, 2020

Xiaomi is actively seeking new growth opportunities outside smartphones as global handset sales shrink, and fintech is the answer.

China tech investor, GSX,
Posted inThe Numbers

Xiaomi spent $65 million on share buybacks this week

by Wei Sheng Apr 16, 2020Apr 16, 2020

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 to set up consumer finance firm in Chongqing

by Nicole Jao Jan 19, 2020Mar 17, 2020

Xiaomi is looking to expand its consumer finance offerings both in China and abroad as growth slows for its core smartphone business.

xiaomi airstar virtual bank iot JV hong kong
Posted inHeavy Hitters

Xiaomi has started testing its virtual bank Airstar in Hong Kong

by Lavender Au Apr 1, 2020Apr 4, 2020

Xiaomi-backed virtual bank Airstar will begin piloting its services in Hong Kong, and plans to formally launch later this year.

China tech investor, GSX,
Posted inHeavy Hitters

Xiaomi wants to be exempted from an e-commerce ban in India

by Wei Sheng Mar 30, 2020Mar 30, 2020

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 […]

China tech investor, GSX,
Posted inHeavy Hitters

Xiaomi spins off Poco, its Indian smartphone brand

by Wei Sheng Jan 19, 2020Mar 17, 2020

Xiaomi began implementing a multi-brand strategy in 2018 in a bid to target different user segments and drive growth.

xiaomi smartphone huawei 5G
Posted inThe Numbers

Xiaomi says production almost back to normal, warns of overseas handset demand

by Wei Sheng Mar 31, 2020Mar 31, 2020

Xiaomi is selling the idea that smartphones are necessary goods and idemand will bounce back after the pandemic is over.

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