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XIAOMI FINANCIAL PERFORMANCE
US remains global leader in AI, but China rapidly closing gap with cheaper models: JP MorganThe United States stands at the forefront of AI development, yet China is swiftly closing the gap with cost-efficient AI systems. Chinese c...- OnePlus, Xiaomi among firms trimming marketing and sales roles in India amid cost pressureSmartphone companies are reducing staff in marketing and sales. Rising costs and slower sales are pushing brands to cut expenses and focus ...
- BYD car discounts show China’s EV price war is getting worseChina's car market faces fierce price competition. BYD and rivals are increasing discounts despite government calls to stop. This intense r...
- Xiaomi 17 series debuts ahead of MWC 2026 as company signals bigger AI and ecosystem pushXiaomi has unveiled its global flagship Xiaomi 17 Series, including the Xiaomi 17 and 17 Ultra, ahead of MWC 2026. Both run on Snapdragon 8...
- Shot-in-the-arm for Xiaomi as India-China ties improve; premium push gathers paceWith smartphone sales on the decline, Xiaomi is making a bold pivot in India by reallocating resources and emphasizing value-driven strateg...
- Xiaomi reports 81% jump in third-quarter profit on strong EV salesXiaomi has celebrated an impressive profit jump of 80.9% in the third quarter, largely fueled by their burgeoning electric vehicle line and...
- How Xiaomi succeeded where Apple failedXiaomi, led by Lei Jun, has successfully entered the EV market, contrasting Apple's failed attempt. Capitalizing on China's robust EV ecosy...
- Xiaomi eyes $5.3 bn ride on Hang Seng bullsXiaomi Corp began a share sale aiming to raise up to $5.3 billion for its electric vehicle business, offering 750 million shares at a disco...
- Xiaomi SU7: This Chinese SUV has the whole auto world talking about it and it has smashed sales targets; here's why it has become a runaway hit and has Tesla worriedXiaomi, often seen as a competitor to Apple, is making significant strides in the electric vehicle (EV) market with its SU7 model. The SU7 ...
- Samsung India posts slower revenue growth for FY24; cost controls boost profitSamsung India Electronics' revenue grew by a mere 4% in FY24, reaching Rs 102,626 crore, marking its slowest growth in eight years. This sl...
- China’s top mobile phone manufacturer BBK Group continues to lead Indian marketBBK had a revenue of Rs 81,870 crore in 2022-23 even though it declined by over 2% year-on-year. This includes sales of the five BBK Group ...
- Xiaomi's India biz turns around, revenue grows over 9% in FY22Xiaomi turned around its India business in FY22 with the company's turnover growing more than 9% to Rs 39,099 crore, topping the pre-pandem...
- Micromax sees 10% sales volume coming from own digital platform by fiscal-end"The intent is to drive at least 10 per cent of the overall volumes from this platform by the end this financial year," Micromax co-founder...
- A snapshot of how much Indians spend on buying Chinese smartphonesThe disclosure by Oppo Mobiles India, the flagship entity of China’s BBK Group in India, also said sales slowed down and profit took a hit ...
- Boxed in by Chinese rivals, Samsung to sack 1,000 in India150 already laid off at telecom networks division; manpower rationalisation to be completed by October.
- Indians spent over Rs 50k crore on Chinese phones in FY18Consumers spent on just the top 4 Chinese brands, nearly twice what they spent last fiscal.
- Change in strategy, lack of desi 4G phones helps Chinese handset makers outsmart Indian rivalsChina's phonemakers are eating into the market share of home-grown smartphone makers who have failed to compete on products, marketing and ...
- Xiaomi turns profitable in third year in IndiaXiaomi together with another Chinese smartphone maker Oppo Mobiles, added over $2 bn of sales in India, considering the latter too grew by ...
- Oppo’s India sales jump over 750 per cent in FY17Oppo Mobiles India saw sales surge to Rs 7,974.29 crore in the year ended March 2017, a 754% increase from Rs 933.74 crore in the fiscal be...
- Suits & Sayings: ET’s weekly roundup of the wackiest whispers and murmursnullTechnical executives at drug makers under the scanner of the US regulator are a worried lot.
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