Research firm IDC estimated in a report released April 30 that Xiaomi’s smartphone shipment volume for Q1 2019 fell 10.2% to 25.0 million units.
Tim Culpan joins to discuss Xiaomi’s weak performance, the oversupply of ad inventory on the Chinese web, and general takeaways from Q2 earnings season.
A potentially closed ‘ecosystem’-type market is still anyone’s game.
The company will invest more than RMB 10 billion into AIoT development over the next five years.
The Chinese tech brand is sticking with its price advantage for the latest in telecommunications technology.
The news comes as the Shanghai Stock Exchange began accepting IPO applications for its new tech board.
The revenue from the one-day festival surpassed that of the event last year by RMB 900 million.
It’s a latecomer to the short video scene, where Bytedance and BAT are already wrestling for user attention spans.
The Chinese tech entrepreneur founded Xiaomi in 2010 and made it into the world’s fifth-largest smartphone maker.
Xiaomi accounts for a quarter of the wearable devices market, but Huawei has seen the most growth in shipments.