Xiaomi Corporation (XIACF)
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Xiaomi asks India to recall antitrust report on Walmart's Flipkart, sources say
China's Xiaomi has asked India's antitrust body to recall its report that found the company and Walmart's Flipkart breached competition laws, arguing it contains commercial secrets, two people familiar with the matter said.
Exclusive: India accuses Samsung, Xiaomi of colluding with Amazon, Flipkart
Samsung, Xiaomi and other smartphone companies colluded with Amazon and Walmart's Flipkart to exclusively launch products on the e-commerce firms' Indian websites in breach of antitrust laws, according to regulatory reports seen by Reuters.
Xiaomi: Evolving Strategies And Growth Potential
The SU7 outsold both Tesla's Model 3 and NIO's ET5 in its price category in July 2024, with 13,120 units sold. Xiaomi's automobile division achieved a 15.4% gross margin after one-quarter of delivery, surpassing some Chinese EV competitors. Xiaomi's strategy involves selling products at low margins to profit from cross-selling IoT items and advertising monetization.
Xiaomi: Above-Expectations Performance And Bullish Outlook Justify A Buy (Rating Upgrade)
Xiaomi's normalized EPS grew strongly by +19.0% YoY to RMB 0.243 in Q2 2024, as its smartphone and EV businesses performed well. XIACF's prospects are good, considering expectations of further market share gains for the smartphone business and a higher gross margin for the EV business. I revised my rating for Xiaomi to a Buy after analyzing the company's second quarter performance and its financial outlook.
Xiaomi Corporation (XIACF) Q2 2024 Earnings Call Transcript
Xiaomi Corporation (OTCPK:XIACF) Q2 2024 Earnings Conference Call August 21, 2024 7:30 AM ET Company Participants Anita Chan - Head of IR and Corporate Finance Lu Weibing - Vice President Alain Lam - CFO Conference Call Participants Timothy Zhao - Goldman Sachs Andy Meng - Morgan Stanley Hanjing Wen - CICC Xudong Chen - Huatai Yayuan Huang - Citic Operator Good evening. Welcome to Xiaomi Group's 2024 Interim Results Announcement Investors' Meeting and Online Webcast.
Xiaomi Q2 revenue jumps 32% on auto business, smartphone sales
China's Xiaomi Corp posted a 32% rise in second-quarter revenue on Wednesday, driven by new revenue streams from its auto business unit and boosted by strong sales of handsets.
Xiaomi launches first flip phone at just over $800, with a $70 portable printer
China's Xiaomi has launched its first flip phone with the ability to print pictures instantly using a separately sold portable printer. The company also released the latest version of its folding phone, the Mix Fold 4, at the same price as the prior version at 8,999 yuan.
Xiaomi: Long Growth Runway, Undemanding Valuation
Xiaomi's foray into EVs has delivered early results and long term prospects are promising helped by industry growth and Xiaomi's competitive advantages. Tech is a rapidly-changing industry but Xiaomi's unique market position is difficult to emulate and potential threats from a comparable rival is unlikely for the foreseeable future. For a company with competitive advantages in a high-growth industry, their valuation appears undemanding.
Xiaomi reports 27% rise in Q1 revenue on strong smartphone sales
Chinese electronics maker Xiaomi posted a bigger-than-expected 27% rise in first-quarter revenue on Thursday, boosted by strong sales of handsets amid a recovery in the smartphone market.
