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 […]
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.
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 the third quarter of 2020, Xiaomi’s total revenue totaled RMB72.2 billion, representing an increase of 34.5% year-over-year; the adjusted net profit for the period was RMB4.1 billion, representing an increase of 18.9% year-over-year.
The Artificial Intelligence of Things (AIoT) market in China has reached 380.8 billion yuan in 2019, with an increase of over 47%; and, China’s AIoT is estimated to grow to 750.9 billion yuan in 2022. The government-related AIoT market will grow dramatically and account for 51% of the total AIoT market in 2022 from 17% […]
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.
By 2022, China will see 100 million units 5G smartphone and 9.98 billion units IoT devices. China’s internet giants have been acting actively to industrial internet and paid more attention to B2B business from different aspects. 5G network is finally starting to feel real in 2019 with smart devices (including smartphones, smart autos, and VR/AR […]
China’s road to digital transformation is quite different from other markets as the consumer internet is driving the development of industrial internet, according to a report co-released by the Boston Consulting Group (BCG), Alibaba, and Baidu. To a certain extent, Chinese consumers have led a highly digital daily life. 20% of households in first- and […]
The number of connected devices (excluding smartphones and laptops) on Xiaomi’s IoT platform reached approximately 150.9 million units in 2018, a year-on-year increase of 193.2%. Xiaomi AI assistant Xiaoai had been installed and activated on more than 100 million smart devices as of December 31, 2018, and had over 38.8 million monthly active users in […]
Xiaomi shipped 33.3 million units smartphones in Q3 2018, a 20,4% growth year-on-year. That recorded approximately US$5.04 billion in revenue, an increase of 36.1% year-on-year. Xiaomi Mi 8 ranked 1st in terms of sales volume on Singles’ Day shopping festival 2018. Xiaomi smartphone shipments for Western Europe grew 386% year-on-year and ranked fourth in terms of smartphone […]