1810.HK - Xiaomi Corporation
| Previous Close | 10.400 |
| Open | 10.440 |
| Bid | 10.480 x 0 |
| Ask | 10.500 x 0 |
| Day's Range | 10.320 - 10.940 |
| 52 Week Range | 8.310 - 14.540 |
| Volume | |
| Avg. Volume | 64,252,297 |
| Market Cap | 262.854B |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | 95.45 |
| EPS (TTM) | 0.110 |
| Earnings Date | Aug 17, 2023 - Aug 21, 2023 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 13.74 |
BloombergXiaomi Revenue Dives 19% After Chinese Mobile Gloom Deepens
(Bloomberg) -- Xiaomi Corp. quarterly revenue slid 19% in a reflection of crumbling demand for electronics and internet services in a sputtering Chinese economy.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofStocks Slide as Sentiment on Global Outlook Sours: Markets WrapLula Lashes Out and Sends Warning to Central Bankers Everywh
ReutersXiaomi Q1 revenue falls 18.9% as global smartphone demand stalls
SHANGHAI (Reuters) -Xiaomi Corp reported a 18.9% drop in quarterly revenue on Wednesday as consumer demand for smartphones remained weak even as the economy recovered from the COVID-19 pandemic. After China lifted its stringent pandemic controls late last year, the country’s economy has recovered but consumers are spending cautiously. China's smartphone sector saw no bounce back over the period at all.
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ReutersIndia court rejects Xiaomi's challenge to $676 million asset freeze -sources
NEW DELHI (Reuters) -An Indian court has rejected Chinese phonemaker Xiaomi Corp's petition against the seizure of 55.51 billion rupees ($676 million), two sources familiar with the matter told Reuters on Friday. Xiaomi's assets in India were frozen last year by the federal financial crime agency which alleged the company had made illegal remittances to foreign entities by passing them off as royalty payments. "We are studying the matter and waiting for the written order," a Xiaomi spokesperson said regarding the ruling by a court in Karnataka state, adding the company's operations in India are compliant with local laws and regulations.
ReutersChinese smartphone maker Xiaomi's revenue and profit slides
SHANGHAI (Reuters) -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. Early signs suggest China's economy will only rebound slowly, as consumers remain cautious about spending money despite an easing of restrictions on domestic and international travel. Xiaomi group president Lu Weibing, speaking on a company earnings call, said China's consumer electronics was seeing early signs of a recovery at present but "it will take time."
- Investing.com
Xiaomi reports fourth-quarter revenue beat despite drop in smartphone shipments
By Scott Kanowsky
ReutersXiaomi's slow shift in India to premium smartphones helps Samsung steal its crown
Xiaomi Corp is overhauling its India strategy after misjudging consumer tastes in mobile phones, a costly lapse that has allowed Samsung Electronics to pip the Chinese company to the top spot in the world's second biggest market for the devices. While Xiaomi remained focused on selling mobile phones under 10,000 rupees ($120), Indian consumers were willing to pay up for better looking models with richer features. Those moves have helped Samsung wrest leadership of India's competitive mobile phones market from Xiaomi, with data from Hong Kong-based Counterpoint Research showing it had a 20% market share for the last quarter of 2022 compared to the Chinese company's 18%.
- Reuters
FOCUS-Xiaomi's slow shift in India to premium smartphones helps Samsung steal its crown
Xiaomi Corp is overhauling its India strategy after misjudging consumer tastes in mobile phones, a costly lapse that has allowed Samsung Electronics to pip the Chinese company to the top spot in the world's second biggest market for the devices. While Xiaomi remained focused on selling mobile phones under 10,000 rupees ($120), Indian consumers were willing to pay up for better looking models with richer features.
- Reuters
UPDATE 1-India plans new security testing for smartphones, crackdown on pre-installed apps
India plans to force smartphone makers to allow removal of pre-installed apps and mandate screening of major operating system updates under proposed new security rules, according to two people and a government document seen by Reuters. The plan for new rules, details of which have not been previously reported, could extend launch timelines in the world's No.2 smartphone market and lead to losses in business from pre-installed apps for players including Samsung , Xiaomi, Vivo, and Apple. India's IT ministry is considering these rules amid concerns about spying and abuse of user data, said a senior government official, one of the two people who spoke to Reuters on condition of anonymity as the information is not yet public.
ReutersIndia plans new security testing for smartphones, crackdown on pre-installed apps
India plans to force smartphone makers to allow removal of pre-installed apps and mandate screening of major operating system updates under proposed new security rules, according to two people and a government document seen by Reuters. The plan for new rules, details of which have not been previously reported, could extend launch timelines in the world's No.2 smartphone market and lead to losses in business from pre-installed apps for players including Samsung, Xiaomi, Vivo, and Apple. India's IT ministry is considering these rules amid concerns about spying and abuse of user data, said a senior government official, one of the two people who spoke to Reuters on condition of anonymity as the information is not yet public.
BloombergXiaomi Teases Augmented Reality Glasses While Market Languishes
(Bloomberg) -- Xiaomi Corp. unveiled wireless augmented reality glasses in the latest attempt to build momentum in an arena that has yet to become mainstream.Most Read from BloombergSingapore PM Lee’s Estranged Brother Weighs Presidential RunAmazon Pauses Construction on Second Headquarters in Virginia as It Cuts JobsAmericans Need to Be Richer Than Ever to Buy Their First HomeiPhone Maker Plans $700 Million India Plant in Shift From ChinaFed Event Scrapped After Participant Shows Porn in Zoom R
ReutersXiaomi demands payout from supplier after car designs leaked
China's Xiaomi <1810.HK) said on Thursday it had imposed a 1 million yuan ($149,000) penalty on a supplier after it leaked early design drafts of an upcoming car model. On its official Weibo page, a spokesperson wrote Xiaomi had "dealt seriously" with a Beijing-based molding technology company which on Jan. 22 publicly revealed images of an upcoming car's front and rear bumpers, violating a confidentiality agreement. Xiaomi did not disclose the name of the company and Reuters could not identify it.
BloombergArchitect of Xiaomi’s India Growth Departs From the Company
(Bloomberg) -- Manu Kumar Jain, the executive responsible for steering Xiaomi Corp. to the top of India’s smartphone vendor ranks, has quit the Chinese device maker.Most Read from BloombergMerck Covid Drug Linked to New Virus Mutations, Study SaysAdani Crisis Deepens as Stock Rout Hits $108 BillionPorsche Blunder Puts $148,000 Sportscar on Sale for Just $18,000Plenty of Americans Are Drinking Bleach, Still for Sale on AmazonHow Extreme Bets Fueled an $11.4 Billion FortuneJain, who last served as
BloombergChipmaker Black Sesame Considers $200 Million Hong Kong IPO
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BloombergXiaomi-Backed China Lidar Firm Hesai Nearing US IPO Filing, Sources Say
(Bloomberg) -- Hesai Technology Co., a Chinese developer of sensor technologies used in self-driving cars, is planning to file for an initial public offering in the US that could raise about $150 million, according to people familiar with the matter. Most Read from BloombergUS Inflation Cools Again, Putting Fed on Track to DownshiftElon Musk Fan With 2,900% Gain Sees $1.5 Million Wiped AwayT-Mobile Considers Buying Ryan Reynolds’s Mint MobileUniversal Plans New Family Resort in Texas, Las Vegas
BloombergXiaomi Replaces President, Chairman Pledges Investment in R&D
(Bloomberg) -- Xiaomi Corp. will replace its president before the end of this year, the latest management change from the Chinese smartphone giant whose billionaire co-founder is betting $10 billion in the electric vehicles market.Most Read from BloombergMilan Reports 50% of Passengers on China Flights Have CovidSouthwest Air Memos Showed Growing Alarm on Eve of Epic Winter StormRussia Says Ukraine Must Surrender Even as Putin’s Army RetreatsUS to Require Negative Covid Tests for Travelers From
ReutersSmartphone maker Xiaomi to slash 10% of jobs amid China's COVID battle
A company spokesperson said on Tuesday that its "personnel optimzation and organizational streamlining" practice would "affect less than 10% of total workforce", adding that those affected have been compensated in compliance with local regulations. China's social media platforms, including Weibo, Xiaohongshu and Maimai, have been flooded with posts about the job cuts this week. Many big tech companies in China including Tencent Holdings and Alibaba Group have been laying off workers in recent months as China became mired in a prolonged battle with COVID-19 outbreaks.
ReutersIndia court quashes tax dept's $448 million block on Xiaomi's deposits -sources
An Indian court has quashed the income tax department's block on China-based Xiaomi Corp's fixed deposits worth 37 billion rupees ($447.65 million), two people familiar with court proceedings said on Friday. Xiaomi and the income tax department did not immediately respond to Reuters' requests for comment. Further details of the Karnataka state court's decision announced on Friday were not immediately available.
- Reuters
India court quashes tax dept's $448 mln block on Xiaomi's deposits -sources
An Indian court has quashed the income tax department's block on China-based Xiaomi Corp's fixed deposits worth 37 billion rupees ($447.65 million), two people familiar with court proceedings said on Friday. Xiaomi and the income tax department did not immediately respond to Reuters' requests for comment. Further details of the Karnataka state court's decision announced on Friday were not immediately available.
GlobeNewswireNavitas Drives Xiaomi Redmi Note 12 Explorer at 210 W, New Ultra-Fast Charging Record
High-speed GaNFast™ ICs enable high-power 210 W charger to achieve 1-100% in just 9 minutes Navitas Drives Xiaomi Redmi Note 12 Explorer at 210 W, New Ultra-Fast Charging Record High-speed GaNFast™ ICs enable high-power 210 W charger to achieve 1-100% in just 9 minutes TORRANCE, Calif., Nov. 30, 2022 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS), the only pure-play, next-gen power semiconductor company, announced its next-gen GaNFast power ICs have been used by Xiaomi Redmi for their
BloombergXiaomi’s Revenue Dives 10% After Smartphone Demand Tanks
(Bloomberg) -- Xiaomi Corp.’s quarterly revenue fell almost 10% as it battled a slumping global smartphone market and weak consumer demand at home.Most Read from BloombergApple Faces Deficit of 6 Million IPhone Pros on China TumultNext Covid-19 Strain May be More Dangerous, Lab Study ShowsThere’s a Job-Market Riddle at the Heart of the Next RecessionSales of mobile devices fell 11%, leading declines across business divisions encompassing smart electronics and internet services. The Beijing-based
ReutersXiaomi revenue falls in third quarter as COVID-19 controls bite
SHANGHAI (Reuters) -Chinese smartphone maker Xiaomi Corp on Wednesday reported a 9.7% fall in third-quarter revenue, hit by China's COVID-19 restrictions and softening consumer demand. Sales in the third quarter reached 70.17 billion yuan ($9.81 billion), down from 78.063 billion yuan the same quarter a year ago, slightly missing analyst expectations of 70.52 billion yuan. Net income fell 59.1% to 2.12 billion over the period from 5.176 billion yuan one year ago.
- Reuters
India says Xiaomi misled Deutsche Bank on 'illegal' royalty payments
Indian investigators have alleged Chinese smartphone maker Xiaomi Corp's India unit misled its banker Deutsche Bank AG for years by claiming it had an agreement for payment of royalties when it had none, legal documents showed. Xiaomi has locked horns with India's financial crime fighting agency, the Enforcement Directorate, since it froze $670 million of the company's bank assets saying a probe found the smartphone seller made "illegal remittances" to U.S. chip firm Qualcomm and others in the "guise" of royalties.
BloombergXiaomi Flaunts Phone With Detachable Leica Lens as Sales Drop
(Bloomberg) -- Facing flagging global demand for smartphones, Chinese producer Xiaomi Corp. has given a novel one-off redesign to its flagship smartphone to remind people it has a very powerful camera inside -- by strapping a Leica lens to it.Most Read from BloombergTwitter Now Asks Some Fired Workers to Please Come BackElon Musk Tells Twitter Followers to Vote for a Republican CongressElon Musk Walks Back on Twitter Job Cuts, Blue Checks in Second WeekTwitter Fires More Than 90% of India Staff,