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China's Xiaomi Q1 profit sinks 43% on higher memory chip costsXiaomi's first-quarter net profit saw a significant 43% drop. High memory chip costs pressured its smartphone sales. The company is investi...- Samsung, Apple outpace rivals as global memory chip crunch hits Chinese smartphone makersA global memory chip shortage is impacting smartphone makers. Samsung and Apple are growing their market share. Chinese companies like Xiao...
- 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...
- Apple’s Tim Cook takes on crucial new role: Global ambassadorTim Cook steps into a new role as executive chairman, dedicating more time to global diplomacy for Apple. He will engage policymakers world...
- Porsche loses speed on a curvy roadPorsche AG's sales dropped significantly in the first quarter. China saw a steep decline in luxury spending, impacting deliveries. Model ch...
- China's Xiaomi posts first quarterly profit fall in three yearsXiaomi's quarterly profit saw its first drop in three years. This happened as the company faced higher costs and tougher competition. Howev...
- 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 eyes settlement route for release of ₹4,704.21 cr frozen assetsXiaomi Technology India's ₹4,704.21 crore remains held up as authorities have attached its bank accounts amid ongoing investigations. The c...
- China's Xiaomi fires three employees for spreading rumours about Xiaomi carsChinese smartphone maker Xiaomi Corp said on Tuesday it had dismissed three employees for spreading rumours, seriously misleading the marke...
- China's Xiaomi sees 4 per cent revenue dip in second quarter on shrinking phone marketXiaomi has reported a 4% drop in revenue for the second quarter, as sales in China's handset market continue to decline. Despite the revenu...
- Xiaomi to make wireless audio products in IndiaXiaomi Corp's Indian arm will start making wireless audio products in the country through a partnership with electronics manufacturer Optie...
- Karnataka court rejects Xiaomi's challenge to $676 million asset freezeXiaomi's assets in India were frozen last year by the federal financial crime agency which alleged the company had made illegal remittances...
- Xiaomi's revenue from smartphones fallsRevenue from smartphones, which makes up 60% of total sales globally, fell 11.1% on-year, dragged down by low margins in India and flat gro...
- Xiaomi India a drag on parent Q3 resultsRevenue from smartphones, which makes up 60% of total sales globally, fell 11.1% on-year, dragged down by low margins in India and flat gro...
- Xiaomi CEO says firm to mass produce its own cars in H1 2024: Company spokespersonIn March, Xiaomi said it would commit to investing $10 billion in a new electric car division over the next ten years. The company complete...
- US blacklists Xiaomi, CNOOC, Skyrizon, raising heat on ChinaThe US government has blacklisted Chinese smartphone maker Xiaomi Corp. and China's third-largest national oil company for alleged military...
- Alibaba to invest $1.4 billion in AI system for smart speakersThe announcement comes as the e-commerce giant continues its push into new technologies and business sectors beyond online shopping. The mo...
- Once the world’s most valuable startup, Xiaomi IPO could value it at half its initial goalXiaomi started marketing the deal to investors Thursday, touting cornerstone investments from US wireless-chip giant Qualcomm Inc. and SF H...
- Xiaomi suits up for a debut on Apple's home turfFor now, the largest overseas market for Xiaomi is India, a country with over 1.2 billion people on the cusp of a smartphone boom. Barra sa...
- Xiaomi probed for misleading consumers in ChinaXiaomi Corp is under investigation for alleged violation of China's new advertising law which bans use of superlative adjectives for promot...
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