Xiaomi Corporation (“Xiaomi”), a consumer electronics and smart manufacturing company, has announced its unaudited consolidated results for Q1 2023. The company’s solid performance was fueled by its focus on operational efficiency, premiumization strategy, and robust growth in its IoT ecosystem.
China 5G
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.
China’s ICT Market Set to Surpass $2 Trillion Over the Next Four Years: IDC Reports
China’s Information and Communications Technology (ICT) spending for developing and operating digital businesses is projected to exceed US$2 trillion over the next four years, according to a report shared by the International Data Corporation (IDC) at its Directions event in Shenzhen. Amid global economic, political, and social disruptions, businesses are expected to leverage the latest […]
China’s Smartphone Market Struggles in Q1 2023 as Apple Dominates Amid Weak Demand
China’s smartphone market witnessed a 5% YoY decline in sales in Q1 2023, marking the lowest Q1 sales since 2014, according to Counterpoint Research.
China’s IoT spending to reach US$298 billion by 2026
In 2021, the global enterprise-level investment in the Internet of Things was about US$681.28 billion, which is expected to increase to 1.1 trillion US dollars in 2026, with a five-year compound growth rate (CAGR) of 10.8%. Affected by the epidemic, IDC slightly reduced the total spend forecast of China’s Internet of Things market in 2022. […]
Baidu got permits for fully driverless robotaxi services in Chongqing and Wuhan
Baidu announced on 8 August 2022 that it has secured the first permits in China to offer commercial fully driverless robotaxi services to the public on open roads.
China’s edge computing server market forecast 2022-2025
China’s edge computing server market reached US$3.31 billion in 2021, an increase of 23.9% over 2020. IDC predicts that from 2020 to 2025, the annual compound growth rate of the edge computing servers market in China will reach 22.2%, higher than 20.2% in the world. According to the deployment location, IDC classifies edge computing into […]
6 trends of China’s digital economy innovation
In a relatively short time, China has become one of the world’s largest digital economies. Thanks to the support of nearly one billion internet users, China’s e-commerce sales rose to $1.7 trillion in 2020, accounting for about 30% of the country’s total retail sales. But scale is not the whole point of the story. Innovation […]
The number of 5G connections in China to reach 865M by 2025, 40% of global total
By the end of the third quarter of 2021, the global 5G network has grown to 176, and the number of 5g connections has reached about 550 million, according to GSMA. The number of 5G connections in China accounts for 78% of the total number of 5G connections in the world, about 430 million. By […]
Report: 5 segments of smartphone buyers: US vs UK vs China
Strategy analytics conducted a new smartphone consumer survey in China, the UK, and the United States to identify the key factors driving consumers’ replacement behavior. The report explores the drivers and barriers that affect when and how consumers change smartphones. The annual global shipment of smartphones exceeds 1.3 billion, which is the biggest business opportunity […]
China networks market forecast 2021-2024
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 […]
MWC Shanghai 2021 exploring how tech and connectivity can lead global recovery
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.
Forecast: China smartphone market in 2021
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 […]
Forecast for China’s future connectivity 2021-2024
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 to exceed 7 million units by 2025
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 […]
Report: China Mobile Economy 2020
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.