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Xiaomi has begun phone production in Vietnam, according to a Nikkei report on Tuesday. The firm is using the country as a base to strengthen its presence in Vietnam and other Southeast Asian countries, like Malaysia and Thailand. Nikkei, citing local media reports, revealed that Xiaomi has entrusted production to DBG Technology, which runs a […]

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 […]

Leading Chinese phone vendor Xiaomi has started a large-scale layoff across multiple departments, including its smartphone and internet units, Chinese media outlet Jiemian reported on Monday, citing information from Xiaomi employees. Some units in the China region had seen as much as 75% of their staff cut, according to the report. The firm’s internet department […]

On May 29, a Xiaomi TV user took to Weibo to complain that the TV’s display screen had fallen out of the TV frame. Two days later, another user also posted a similar experience with their Xiaomi TV. The consumer electronics company later admitted that this issue exists in two batches of its EA70 TV […]

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]

Xiaomi reported a fall in adjusted net profit for the fourth consecutive quarter on August 19, with the company posting figures of RMB 2.1 billion ($310 million) for the second quarter of 2022, according to Caixin. That represents a drop of 67.1% compared to the same quarter last year. Xiaomi’s net profit and revenue both […]

Chinese phone vendor Xiaomi generated RMB 70.47 billion ($9.87 billion) in the third quarter of 2022, a 9.7% yearly decline. However, the quarterly earnings beat Bloomberg’s estimation and were less severe than the 20.1% yearly drop in the second quarter of this year. Xiaomi surprisingly saw a net loss of RMB 1.47 billion, while its […]