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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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.
Xiaomi-backed scooter maker Ninebot readies for STAR Market IPO
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 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.
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.
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.
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.
Xiaomi says production almost back to normal, warns of overseas handset demand
Xiaomi is selling the idea that smartphones are necessary goods and idemand will bounce back after the pandemic is over.
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.
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 […]