|Bid||9.790 x 0|
|Ask||9.800 x 0|
|Day's Range||9.700 - 10.100|
|52 Week Range||9.440 - 22.200|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||17.65|
Hao Hong of the Bank of Communications International thinks it's a stretch to say that Xiaomi and other Chinese telecommunication manufacturers will be singled out by the U.S. like Huawei.
If this does mark the beginning of two internets, one led by the US and the other by China, the story is worth the attention it is getting. Other than retaliatory tariffs, China has not yet made clear how it wants corporates to respond to the escalating trade war. It does not want them listing in the US.
The Latest on Snap, Xiaomi, Netflix, and Amazon(Continued from Prior Part)Xiaomi’s revenue grew 27.2% in Q1Smartphone company Xiaomi (XIACF) released its first-quarter results yesterday. The company’s revenue rose 27.2% YoY
Chinese smartphone maker Xiaomi Corp reported better than-expected quarterly revenue on Monday due in part to steady growth in sales outside its home market. The results indicate Xiaomi's overseas expansion and focus on markets such as India and Europe are paying off as the smartphone market in China, the world's biggest, slows. Xiaomi's revenue rose 27% percent in the quarter ended March from a year earlier to 43.8 billion yuan ($6.3 billion), beating an average estimate of 42.109 billion yuan in a survey of analysts polled by Refinitiv.
Chinese smartphone company Xiaomi just released its first quarterly results since announcing its $1.48 billion pledge to focus on smartphones and 'AIoT', an acronym for Internet of Things powered by artificial intelligence. Xiaomi's adjusted net profit for the first quarter increased 22.4 percent year-over-year to 2.1 billion yuan ($300 million), while total revenue climbed 27.2 percent to 43.8 billion yuan ($6.33 billion). Sales in India, where Xiaomi handsets dominate, as well as other countries outside China, continued to be a bright spot for the company.
A push into higher margin online services and home devices helped Chinese smartphone maker Xiaomi weather a “challenging” quarter for phone sales in its home market and swing back into profit. Best known for its inexpensive handsets, Xiaomi has struggled in recent years to retain smartphone market share in China as local rivals ZTE, Oppo, Vivio and Huawei have stepped up their push into the budget phone category. Xiaomi said on Monday that the shift is bearing fruits, with results for the quarter largely driven by sales of more premium-priced smartphones, smart televisions and internet services such as mobile payments, video streaming and ecommerce.
Samsung Electronics has sold 5 million units of its Galaxy A series smartphones, generating sales of over $1 billion (772.3 million pounds) since it began selling the devices in March, a senior company executive said on Tuesday. "Just in 70 days of launch this range of six models has delivered $1 billion of revenue," Ranjivjit Singh, Samsung India's chief marketing officer, told Reuters in an interview. Singh declined to give a revenue forecast for the company's overall mobile phone business in India, the world's second biggest mobile phone market after China.
Hong Kong's banking regulator has issued four more online-only banking licenses to units of Alibaba, PingAn and smartphone maker Xiaomi, as well as to a JV involving Tencent, ICBC and Hillhouse Capital. The introduction of online-only banking has the potential to be the biggest shake-up in years in the city's retail banking sector dominated by old-guard lenders such as HSBC, Standard Chartered and a slew of Chinese banks.
Hong Kong's banking regulator has issued four more online-only banking licences to units of Alibaba, PingAn and smartphone maker Xiaomi, as well as to a JV involving Tencent, ICBC and Hillhouse Capital. The introduction of online-only banking has the potential to be the biggest shake-up in years in the city's retail banking sector dominated by old-guard lenders such as HSBC, Standard Chartered and a slew of Chinese banks.
While the bet didn’t specify a particular measure of revenue, air conditioner maker Gree on Sunday reported revenue of 198 billion yuan for 2018, about 20 billion yuan more than Xiaomi during the same period when the tech firm missed analyst estimates. Xiaomi’s shares have dropped 30 percent since listing in Hong Kong in July. Whether Lei must now make good on his bet with Gree chairwoman Dong Mingzhu is unclear.
Chinese brands controlled a record 66 percent of Indian smartphone market in the first quarter, led by Xiaomi Corp, a report showed, with volumes rising 20 percent on the back of popularity for brands like Vivo, RealMe and Oppo. Xiaomi's India shipments fell by 2 percent over last year, but the Beijing-based company was still the biggest smartphone brand in the country, followed by Samsung Electronics Co Ltd, according to Hong-Kong based Counterpoint Research. Shipment volumes for Vivo jumped 119 percent, while those of Oppo rose 28 percent.
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Equity (ROE). We'll use ROE to examine Xiaomi Corporation (HK...
"After long discussions between the Hong Kong exchange and the China Securities Regulatory Commission, we agreed that in July weighted-voting rights shares will be included" in the stock connects between the mainland and Hong Kong, the city’s Secretary for Financial Services and the Treasury James Lau, said after a visit to the Shanghai stock exchange. China’s decision last year to exclude so-called dual-class shares from the connect initially sent the newly listed Xiaomi tumbling.
Meitu Inc, the Chinese firm best known for its selfie image-enhancing app, said on Wednesday it is venturing into the offline skincare market as it attempts to offset the impact of dwindling app users and a money-losing smartphone business. Meitu, which listed in late 2016 in what was then Hong Kong's largest tech IPO in a decade, has since suffered losses and its share price has more than halved, as China's smartphone market has run out of steam, shrinking nearly 16 percent in 2018. Meitu said on Wednesday it will launch a face-cleansing brush that can automatically identify the best pulsing setting for a user by detecting his or her individual skin condition.
Gou said that Prime Minister Narendra Modi has invited him to India as his Taiwanese company plans its expansion in the country. Apple has had older phones produced at a plant in Bangalore for several years, but now will expand manufacturing to more recent models.
April 4 (Reuters) - Kingsoft Corp Ltd: * KINGSOFT CLOUD ENTERED INTO FRAMEWORK AGREEMENT WITH XIAOMI * GROUP WILL PROVIDE HARDWARE PRODUCTS TO XIAOMI GROUP FROM 4 APRIL 2019 TO 31 DECEMBER 2019 Source ...
April 4 (Reuters) - Xiaomi Corp: * LINE FRIENDS TO EXPAND ITS BUSINESS IN CHINA THROUGH STRATEGIC PARTNERSHIP WITH XIAOMI Source text for Eikon: Further company coverage: