Tag: Xiaomi
Xiaomi launches Mi Commerce in India to boost sales amid lockdown
Xiaomi today launched a new e-commerce service in India that allows people in the nation to easily browse and order its handsets and other products from nearby physical retail stores as the Chinese giant rushes to kickstart its sales in its biggest overseas market. Dubbed Mi Commerce, the service allows…
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InMobi’s Glance tops 100 million daily active users in 21 months
Glance, which serves media content, news, and casual games on the lock screen of Android -powered smartphones, has amassed 100 million daily active users, it said today. The subsidiary of ad-firm InMobi Group reached the milestone in 21 months in what appears to be the shortest duration for any popular…
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Indian smartphone market grew by 4% in Q1, but projected to decline by 10% this year
India has emerged as one of the fastest growing smartphone markets in the last decade, reporting growth each quarter even as handset shipments slowed or declined elsewhere globally. But the world’s second largest smartphone is beginning to feel the coronavirus heat, too. The Indian smartphone market grew by a modest…
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An IPO? In this economy?
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Late last week a Chinese company called Kingsoft Cloud filed to go public in the United States. The cloud infrastructure business intends to list on the Nasdaq under the symbol…
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Xiaomi reports Q4 revenue jump, beats estimates
Xiaomi ended 2019 on a high, reporting a 27.1% year-over-year jump in the fourth-quarter revenue aided by overseas expansion, beating analysts’ estimation. The Chinese giant said sales in the fourth quarter jumped to 56.5 billion yuan ($8 billion), up from 44.42 billion yuan in the same quarter a year before.…
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Chinese firms rush to bring 5G smartphones to India
India is unlikely to have any substantial coverage of 5G until at least the end of next year, with telecom operators in the country yet to participate in spectrum auction. But that hasn’t stopped Chinese vendors Oppo, Vivo, and Xiaomi from bringing 5G-enabled smartphones to the world’s second largest handset…
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