Lu Weibing

Xiaomi gains share in Latin America, Japan, India amid heated smartphone rivalry in China

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Xiaomi gains share in Latin America, Japan, India amid heated smartphone rivalry in China

Xiaomi, mainland China’s fifth-largest smartphone vendor by sales, is taking big market shares in several regions and countries – including Latin America, Japan and India – as competition with rivals at home gets intense. The Beijing-based company shipped 6.2 million handsets or 35 per cent more units to Latin America last quarter, making it the … Read more

Xiaomi posts better-than-expected quarterly sales on growing smartphone shipments, as EV target remains on track

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Xiaomi posts better-than-expected quarterly sales on growing smartphone shipments, as EV target remains on track

Chinese smartphone and electric vehicle (EV) maker Xiaomi grew its first-quarter revenue by a better-than-expected 27 per cent year on year, as handset shipments recovered globally. Sales reached 75.5 billion yuan (US$10.5 billion) during the quarter ended March 31, beating the consensus analysts’ forecast of 73.5 billion compiled by Bloomberg. The world’s best-selling Chinese smartphone … Read more