Tag Archives: Xiaomi

Xiaomi Releases Financial Details For The First Time

Chinese smartphone maker Xiaomi achieved operating revenue of about CNY26.583 billion in 2013 and its net profit was about CNY347 million.

These accounting details are the first concrete look into the private company’s financial health. The data was released to the Shenzhen Stock Exchange because of an investment deal between Xiaomi and Midea. The two parties recently reached an agreement for Xiaomi to invest CNY1.266 billion into Midea Group. Continue reading “Xiaomi Releases Financial Details For The First Time” »

Xiaomi gets temporary go-ahead for phone sales in India

An Indian court on Tuesday temporarily allowed Xiaomi Technology Co Ltd to sell some of its devices in the country, about a week after it had asked the Chinese company to suspend sales in the world’s third largest smartphone market.

Xiaomi had been asked to suspend selling its smartphones in a case related to patent infringements that telecom equipment maker Ericsson had filed against the Chinese company. Continue reading “Xiaomi gets temporary go-ahead for phone sales in India” »