Trump administration now puts Xiaomi on an investment blacklist
Under outgoing President Trump, the Department of Defence has put nine Chinese companies on a blacklist, saying they have military connections. In what has come across as a surprising move, tech giant Xiaomi is included on the list.
The blacklist prevents US citizens and companies from investing... Read more
‘Xiaomi and Google working on foldable smartphones’
The companies Xiaomi, Google, Oppo and Vivo, may introduce foldable smartphones to the market this year. What these devices will look like exactly, is not yet clear.
The rumours originate from a report by Display Supply Chain Consultants (DSCC). The report identifies ten developments that the co... Read more
‘Smartphone market collapses worldwide due to corona crisis’
Smartphone sales plummeted worldwide in the first quarter of 2020, according to market researcher Gartner. Huawei saw their numbers plummet, closely followed by Samsung.
On average, smartphone manufacturers saw their sales drop by 20 percent. Apple managed to cope better than its competitors wit... Read more
‘Huawei working with Chinese group to create Google Play competitor’
Worldwide, Huawei, Xiaomi, Vivo and OPPO have a market share of over forty percent. Those companies are rumoured to be working together to make better use of that share. According to Reuters, an they are attempting to offer an alternative to the popular Google Play Store by developing a platform th... Read more
Xiaomi will invest seven billion dollars in AI, 5G and IoT
Over the next five years, the Chinese Xiaomi bag will invest some USD 7 billion (EUR 6.3 billion) in three areas from which it is expected to benefit significantly. Artificial Intelligence (AI), 5G and the Internet of Things will receive a substantial cash injection in the coming years.
CEO Lei ... Read more