In the first quarter of 2021, Xiaomi’s total revenue and adjusted net profit far-exceeded market expectation. Total revenue for the period totaled RMB76.9 billion, representing an increase of 54.7% year-over-year while adjusted net profit for the period came in at RMB6.1 billion, an increase of 163.8% year-over-year.
China Internet of Things (IoT)
China's IoT market is often regarded as AIoT, the artificial intelligence of things. Check out the key players, such as Xiaomi and Alibaba, and market insights below.
Tuya Inc has pioneered a purpose-built IoT cloud platform that delivers a full suite of offerings, including Platform-as-a-Service, or PaaS, and Software-as-a-Service, or SaaS, to businesses and developers. Its IoT PaaS offering enables businesses and developers to quickly and cost-effectively develop, launch, manage and monetize software-enabled devices and services. Its Industry SaaS offering enables businesses to easily and […]
The digital automobile and transportation market is considered to be the entire ecosystem of companies, products, and services related to automobiles and transportation infrastructure based on the Internet, IoT, and third-party platform technologies. The digital automobile and transportation ecosystem includes a wide range of market participants, including but not limited to: automobile manufacturers, suppliers and […]
The total revenues of China’s internet data center businesses reached 113.24 billion yuan and are expected to grow at a CAGR of 30%. China’s data center market is estimated to reach 149.4 billion yuan in 2020, with an increase of almost 32%. The drivers behind the demand in China’s data center include Growth of internet […]
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.
Since March 2020, 70% of consumers have reported making changes in their living environment due to spending more time at home during the pandemic, and more than half (51%) have reported purchasing at least one smart device during that period, according to a new study by Xiaomi. Stay-at-home orders changed the very notion of how […]
In the past two to three years, China’s smart home market has experienced great changes from savage growth to the adjustment period. With the outbreak of smart speakers, voice interaction has come into the public view and gradually been accepted. The development speed of the smart speaker market is becoming stable, and it is facing […]
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 […]
In 2019, Xiaomi’s total revenue was RMB205.8 billion, an increase of 17.7% year-over-year. Adjusted net profit was RMB11.5 billion, an increase of 34.8% year-over-year. For Q4 2019, Xiaomi recorded RMB56.5 billion in revenue, an increase of 27.1% year-over-year, while adjusted net profit was RMB2.3 billion, an increase of 26.5% year-over-year.
Innovative breakthroughs are happening every day in the tech and mobile world, which makes it challenging to pinpoint exactly what topics we’ll be concentrating on this year. With all this mind, our content team spent the past few months diligently researching the most cutting-edge and impactful topics for MWC Barcelona 2020. The next era in technology […]
The number of connected IoT devices on Xiaomi’s IoT platform reached approximately 213.2 million in Q3 2019, up 62.0% YoY. The number of users who have five or more devices connected to Xiaomi’s IoT platform increased to 3.5 million, an increase of 78.7%. MAUof MIUI, Xiaomi’s Android-based operating system, reached 291.6 million. In September 2019, […]
Xiaomi’s monthly active users (“MAU”) of MIUI reached 278.7 million, an increase of 34.7% YoY. AI assistant “ Xiao’ai ” had 49.9 million MAU; Xiaomi ranked 4th globally in terms of smartphone shipments; and, global shipments of its smart TVs reached 2.7 million units.
In the first quarter of 2019, Xiaomi recorded RMB43.8 billion in revenue, representing an increase of 27.2% over the corresponding period of 2018. Profit for Q1 2019 grew to RMB3.2 billion and Adjusted Net Profit grew 22.4% year-on-year to RMB2.1 billion.
New Speakers Announced from Alibaba, ATM, China Mobile, General Electric Power, JPMorgan Chase, Lenovo, Qualcomm, Shenzhen Valley Ventures; GSMA Outlines AI Accelerate Programme; Innovation City To Showcase Latest Mobile Technologies.