Xiaomi to invest $7.2 billion in 5G, AI, and IoT over five years
Xiaomi is facing stiff competition in its core smartphone business as other Chinese Android-makers, especially Huawei, continue to erode the market shares of smaller players.
Xiaomi is facing stiff competition in its core smartphone business as other Chinese Android-makers, especially Huawei, continue to erode the market shares of smaller players.
The funding will be used to back the upcoming launch of its electric P7 sedan.
Apple currently uses OLEDs from Samsung and LG Display.
Richard Yu, Huawei’s mobile business head, said the United States’ ban against Huawei has acted as an advertisement for the brand as more global consumers are aware of the brand nowadays.
Prices of Huawei's foldable phones will go down after mass production, according to its mobile segment head Richard Yu.
Didi Chuxing’s huge loss, reaching almost 11 billion yuan ($1.6 billion) last year, was mostly because of subsidies given to drivers in spite of its monopoly in the market.
The record number came after the Chinese technology giant announced last month that daily active users of its popular WeChat service exceeded 1 billion.
Huawei dominated the Chinese smartphone market in 2018, while Apple and Xiaomi declined.
WeChat, the most popular messaging app among Chinese consumers, reports a milestone 1 billion daily active users by the end of 2018.
VR headsets have become HTC's main focus after it failed to achieve notable shares in smartphone market but will continue to release new smartphones.