CHINESE smartphone maker Xiaomi Inc has decided to sell devices through a leading electronics retail chain in India, part of its effort to move away from online-only sales and boost growth in the world’s third-largest smartphone market. Continue reading “Xiaomi phones hit Indian store shelves” »
Chinese smartphone maker Xiaomi Inc. sold 61.12 million smartphones in 2014, up 227 percent year on year, company founder and chief executive officer (CEO) Lei Jun said Sunday. Continue reading “Xiaomi Smartphone Sales Triple in 2014” »
The market value of Chinese smartphone manufacturer Xiaomi has been estimated at 45 billion U.S. dollars, following the company’s 1 billion US dollar fundraising last week.
That’s more than a four-fold increase in valuation since its previous round of fundraising in August of last year. Continue reading “Xiaomi’s Market Value Hits 45 Bln USD” »
Just being a Chinese-made smartphone puts Xiaomi at a branding and security deficit on the global stage, but now a legal decision in India has further stymied the company’s growth plans in the world’s second-largest nation. Continue reading “China’s Xiaomi Faces International Expansion Setback” »
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” »
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” »