High market penetration rates and a slowing economy are weighing on growth.
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Posted inThe Numbers
Huawei is the lone winner as China handset sales plunge in Q1
The coronavirus outbreak has accelerated a downward trend in smartphone sales, though Huawei managed to notch modest annual growth in the quarter.
Posted inThe Numbers
China’s handset sales rebound in March but Covid-19 effect may linger
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.
Posted inThe Numbers
Briefing: Xiaomi’s third quarter revenues up 49.1% year-on-year to RMB50.8 billion
Xiaomi’s international markets revenue grew 112.7% year-on-year.
Posted inHeavy Hitters
Xiaomi’s smart speaker now has over 34 million monthly active users
Xiaomi’s smart speakers have been awakened 8 billion times by users to activate around 100 million devices.
Posted inThe Numbers
China Tech Investor 33: 2019 year-to-date for China’s tech stocks—Meituan surges, Baidu slumps, and more
China Tech Investor is a weekly look at China’s tech companies through the lens of investment. Each week, hosts Elliott Zaagman and James Hull go through their watch list of publicly listed tech companies and also interview experts on issues affecting the macroeconomy and the stock prices of China’s tech companies. Make sure you don’t […]
Posted inThe Numbers
Huawei remains the world’s second largest smartphone maker
Huawei’s global shipments for 2018 third quarter hit 52 million, putting it behind Samsung.
Posted inThe Numbers
Transsion and Huawei among top 3 bestselling phones in Africa
As China’s smartphone market shrinks, companies are placing their bets elsewhere.
Posted inHeavy Hitters, The Numbers
New Xiaomi figures ahead of IPO: Phone sales soar 88% and a RMB 7 bn loss in Q1
Xiaomi’s draft prospectus for the sale of China Depositary Receipts on the Shanghai stock index published by Chinese regulators today revealed a net loss of RMB 7 billion in the first quarter of 2018 against smartphone sales soaring 87.8%. On the same day, six new Chinese unicorn funds were launched by asset managers to help […]
Posted inHeavy Hitters
Huawei firmly stands as world’s 2nd smartphone manufacturer, Xiaomi 4th despite losses
China’s leading smartphone manufacturer and communication giant Huawei stands firmly as the world’s second largest in terms of global smartphone shipment volume and market share in the second quarter of this year, International Data Corporation (IDC) said yesterday. Samsung remains as the leader with Apple placing itself in the third place. Huawei overtook Apple in […]
