Xiaomi’s total revenues in 2020 reached RMB245.9 billion, representing an increase of 19.4% year-over-year; adjusted net profit for the year was RMB13.0 billion, representing an increase of 12.8% year-over-year.
Related report: 5G Use Cases for Verticals China covering smart manufacturing, smart campus, aircraft inspection, smart plant, smart port, Intelligent Connected Vehicle Pilot in Wuhan, smart grid, cloud VR, hospital network, and etc.
On October 31, 2019, the three major telecommunications operators in China announced 5G business package, which was officially launched on November 1.
According to a new report from Strategy Analytics, China's Huawei provided more overall contributions to end-to-end 5G standards than any other company in the world.
China built 257,000 new 5G base stations in the first half of 2020, according to the Ministry of Industry and Information Technology (MIIT).
The total number of 5G stations had reached 410,000 by the end of June 2020, according to MIIT data.
5G in Wuhan, Hubei, China
The 5G Intelligent Connected Vehicle Demonstration Zone in Wuhan is one of the first in China for testing and operation of connected vehicles in open roads.
Wuhan issued the world's first commercial license for autonomous vehicle, making a significant step towards the commercialization of autonomous driving in China.
The 5G Intelligent Connected Vehicle Demonstration Zone in Wuhan, Hubei Province, is to date the largest of its kind in China, with a total area of 90 square kilometers.
170 km of roads and 200 5G base stations that have been planned. So far, it has completed work on 28 km of roads and 70 base stations, and an investment of RMB 217 million for 5G deployment and roadside equipment.
Affected by COVID-19, the global networks market in 2020 (including Ethernet switches, routers, and WLAN) has declined year by year. China’s network market growth is still positive due to effective epidemic control and economic growth resilience. Looking forward to 2021 and the next few years, China’s network market will enter the era of medium speed […]
The smartphone shipment in China reached 86.4 million units in Q4 2020, an increase of 0.3% year-on-year. China smartphone market declined 11.2% in 2020 with a total shipment of over 326 million units, according to data from IDC.
IDC predicts that by 2024, China’s Internet of Things (IoT) market spending is expected to reach approximately US$300 billion, with an annual compound growth rate of 13.0% in the next five years. In 2024, China will account for 26.7% of global IoT spending, surpassing the United States to become the world’s largest IoT market. Different […]
The GSMA has announced initial details of MWC Shanghai, making a grand return as a physical experience for 2021. Scheduled for 23 to 25 February 2021 and taking place at the Shanghai New International Expo Centre (SNIEC), it will be one of the largest and most anticipated events of its kind in recent months.
Thanks to the better market environment under the stable epidemic prevention and control, IDC predicts that the domestic smartphone shipment will grow by 4.6% year on year in 2021, with total shipments of about 340 million units. 2. supply chain instability Potential changes in the market structure have stimulated a new round of the market […]
Digital transformation is not accomplished overnight, and “technology + business” will have a long-term running-in process. The future will be an era of the interconnection of all things, and connection will be the core element of bridging the gap and releasing digital value. IDC releases forecasts for China’s future connectivity. 1. Digital transformation challenges By […]
5G connected car sales in China will grow to 7.1 million units in 2025, accounting for 40% of the country’s total connected car sales volume, according to the latest research by Counterpoint. Currently, 4G dominates China’s connected car market. The sales volume of 4G connected cars are expected to reach 7.8 million units in 2020 […]
Baidu Apollo was granted permission by Beijing transportation authorities for five of its vehicles to conduct fully driverless road tests.
Chinese operators are leading on growth beyond core services, with non- telecoms services – both for consumers and enterprises – growing at 30% year-on-year in local currency (compared to less than 10% for most other major operators), according to a recent report by GSMA.
The revenue of the eSports market in China exceeded 100 billion yuan in 2019 and it is expected to exceed 160 billion yuan in 2021. In the future, the commercial development of eSports will further contribute to the growth of the overall eSports market. China eSports Market Development (Click to see larger image) The industry […]
There has been an all-around increase in electronics products, fresh food, and household daily use products. The rebound of large household appliances once affected by the epidemic is quite apparent, among which the trend is most obvious in China’s central and southern provinces. Transactions doubled in Guangxi, Jiangxi, Sichuan, Hunan and Hubei provinces. As of […]
65% of Chinese consumers have postponed or canceled their traveling due to the impact of COVID-19, according to a survey by Strategy Analytics. 43%, 41%, and 37% have postponed or canceled the holidays, automobile purchases, and smartphone purchases respectively. Smartphones and 5G were not immune from delayed purchasing in China. 37% have delayed a new […]
Global smartphone shipments grew 1% and reached 368.7 million units in Q4 2019, according to data from research company Canalys. Apple grew by 9% to 78 million units with 21.3% market share, followed by Samsung (70.2 million, 19.2%) and Huawei (56M, 15.2%). Xiaomi took fourth place, growing 23% to 33 million units with 9% market […]
Xiaomi last week unveiled its annual smartphone flagship devices: Mi 10 Pro and Mi 10. The Mi 10 series is among the firsts to feature Qualcomm Snapdragon 865 and boasts a 108MP 8K-enabled camera and an immersive audio experience with a dual stereo speaker system.