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Posted inNews Feed

Xiaomi affiliate invests in Chinese auto chipmaker

A Xiaomi affiliate company recently invested in a Chinese auto chipmaker called Hefei Huixi Intelligent Technology (our translation), Chinese media outlet ITHome reported on Tuesday. After the investment, the affiliate, Hanxing Venture Capital, accounted for 4.7% of the firm’s shares, valued at RMB 916,672 ($131,234). Founded in April 2022, Hefei Huixi Intelligent Technology focuses on […]

Posted inNews Feed

Xiaomi shipped 190.3 million smartphones globally in 2021

Chinese smartphone maker Xiaomi released Q4 and 2021 earnings on Tuesday. Xiaomi smartphone shipments hit a new record, growing 30% year-over-year to 190.3 million units globally. Xiaomi’s 2021 revenue up 33.5% in a year to RMB 328.3 billion ($51.49 billion), while gross profit grew 58.5% to RMB 58.26 billion. The company earned RMB 85.58 billion in revenue in Q4 with a 29.4% quarterly growth. In addition, the company’s Internet of Things (IoT) and lifestyle products have also seen a 26.1% yearly increase. [Xiaomi press release]

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