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XIAOMI INDIA PROFIT
Xiaomi brings in South Asia head to revive Indian operationsChinese smartphone maker Xiaomi is bringing in Alexander Tang to head its India business as it looks to revive falling market share and imp...- 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 ...
- Waiting for your dream phone to get cheaper? That moment may never comeSmartphone prices are no longer dropping predictably. The demand for AI chips is causing component costs to surge. This means phones are la...
- 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...
- Digital lender Kreditbee in unicorn club with $280 million at $1.5 billion valuationDigital lending firm Kreditbee has raised $280 million, becoming a unicorn with a $1.5 billion valuation. This funding marks their last pri...
- Xiaomi challenges India taxman in SC over tariffs on royaltiesXiaomi contests a significant Indian tax demand on royalty payments. The company argues the ruling misinterprets contract manufacturing pra...
- Xiaomi’s India growth hit by regulations, sales drop, delaysXiaomi's growth prospects in India are diminishing due to increased regulatory scrutiny and declining market share. The company's revenue c...
- Made 'opposite party' in CCI probe without notice: XiaomiXiaomi India has been named as an 'opposite party' in a CCI investigation on exclusive smartphone launches on platforms like Amazon and Fli...
- 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...
- 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...
- Anti-China mood no hurdle for electronics brandsComputer maker Lenovo increased its sales in India year-on-year in 2020-21 while smartphone makers Xiaomi and Vivo reported marginal fall i...
- Xiaomi India clocks lowest sales growth but swings to profitXiaomi India sales grew 7% over the year ago to Rs 38,196 crore in 2019-20 even as it clocked a profit of Rs 401 crore after sustaining Rs ...
- Xiaomi looks to monetise internet services in IndiaAfter beating Samsung in smartphones, Xiaomi now wants to generate revenue from internet services.
- Xiaomi pumps Rs 3,500 crore into India businessThis fund infusion comes at a time when Samsung has upped its smartphone game in India.
- Samsung India revenue grows, profit fallsWhile fighting Chinese competitors with lower priced phones, Samsung saw net profit fall by as much as 11%.
- Xiaomi to expand its television range in IndiaThe company will also start selling its Mi TV range through brick-and-mortar multi-brand stores by Diwali apart from the exclusive Mi Home ...
- Xiaomi investors question $100 billion valuation goal for IPOPeople close to the deal had built up the idea that Xiaomi could raise at least $10 billion at a valuation of $100 billion, which would mak...
- Xiaomi's unusual prep for a $100 billion IPO: Limiting profitsXiaomi could be the biggest IPO since Alibaba Group Holding $25 billion debut in 2014.
- Xiaomi, India’s largest smartphone maker cruising along in startup modeThe Chinese company has not defined performance parameters or sales targets for its 400-plus employees in India, making it a one-of-a-kind ...
- 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 ...
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