Xiaomi posted its fastest pace of revenue growth in the third quarter since its 2018 listing but warned of a ‘supply chain shortage.’
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 is actively seeking new growth opportunities outside smartphones as global handset sales shrink, and fintech is the answer.
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 began implementing a multi-brand strategy in 2018 in a bid to target different user segments and drive growth.
Xiaomi-backed virtual bank Airstar will begin piloting its services in Hong Kong, and plans to formally launch later this year.
Xiaomi is looking to expand its consumer finance offerings both in China and abroad as growth slows for its core smartphone business.
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 […]
Lenovo has threatened legal action after the head of its smartphone division left for a job with the smartphone maker.
Chinese smartphone maker Huawei is in negotiations with several Chinese electronics companies to sell parts of its Honor smartphone unit.