The Latest Breaking News from Xiaomi Corp

Chinese smartphone maker Xiaomi Corp on Friday reported a record drop in fourth-quarter revenue as the company weathered a slowdown in consumption and disruptions due to China's COVID-19 curbs. Sales in the fourth quarter of 2022 reached 66.05 billion yuan ($9.6 billion), down 22.8% from 85.58 billion yuan a year…

Qualcomm Inc on Monday said it was working with a group of Android smartphone companies to add satellite-based messaging capabilities to their devices. The San Diego, California-based company, which is the world's biggest supplier of chips that connect mobile phones to wireless data networks, said it is working with Honor,…

Zepp Health Corp (NYSE:ZEPP) reported a first-quarter FY22 revenue decline of 34% year-on-year to $119.4 million, missing the consensus of $142.4 million. Drivers: Total units shipped decreased by 41.3% Y/Y to 3.7 million due to a 45.5% decrease in units of products built for Xiaomi Corp (OTC:XIACY) and a 31.6% decrease in unit shipments of Amazfit…

Chinese tech companies, including PC giant Lenovo Group Ltd (OTC:LNVGY) and smartphone maker Xiaomi Corp (OTC:XIACY), quietly pulled back from Russia under pressure from U.S. sanctions and suppliers, the Wall Street Journal reports. Consumer drone giant SZ DJI Technology Co suspended its business in Russia and Ukraine pending a compliance review. The companies pulled back amid Beijing…

Xiaomi Corp (OTC:XIACY) (OTC:XIACF) shares lost steam in Hong Kong after India’s Enforcement Directorate alleged the second-largest smartphone vendor of “illegal remittances” and seized ~$730 million, the Financial Times reports. India’s anti-money laundering and foreign exchange crime division alleged Xiaomi’s Indian subsidiary of sending $55.51 billion ($725 million) of foreign currency payments…

China's securities watchdog denied rumors of a regulatory probe on companies in Xiaomi Corp's (OTC:XIACY) industrial chain or restrictions on their listing plans, Reuters reports. The China Securities Regulatory Commission looked to continue to inspect initial public offering plans according to relevant rules and regulations. Also Read: Here's How Alibaba's Buyback Boost Could Win…

Shares of U.S.-listed Chinese tech companies traded notably higher in Hong Kong on Wednesday following upbeat quarterly earnings results from companies such as smartphone maker Xiaomi Corp. and biotechnology company WuXi Biologics.  

Apple Inc’s (NASDAQ:AAPL) iPhones led the mobile industry to a landmark in January, as handsets with 5G cellular networking accounted for 51% of smartphone sales for the first time, Bloomberg reports. Recently, Apple launched a 5G model in its budget-friendly iPhone SE series, at half its average flagship device priced at $429. Chinese brands Xiaomi…