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Xiaomi's stock surge has boosted Lei's net worth, which is up $7.7 billion this year to $37.4 billion, per the Bloomberg Billionaires Index. He is in 44th position on the rich list, one spot ...
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Lei described the new strategy as a "life-or-death battle for our development" in his Weibo post, after Xiaomi's market share in China contracted over consecutive quarters, from 17% to 14% between Q2 and Q3 2021, dipping further to 13.2% as of Q4 2021. [120] [121] [122] According to a 2022 report by Canalys, Xiaomi leads Indian smartphone sales ...
MNI – Market News is a financial news organization focused on international capital markets. It is a provider of real-time news and analysis for the global foreign exchange market and fixed income markets. MNI has 12 bureaus across the United States, Asia, and Europe and is headquartered in London. [3]
BEIJING (Reuters) -China's Xiaomi reported a 10.9% rise in fourth-quarter revenue and beat adjusted net profit estimates boosted by strong smartphone sales as the sector shows signs of recovery.
Xiaomi accounted for 14% of global phone shipments last quarter, behind Samsung and Apple. In his CCTV interview, Lei argued that his smartphone company is well-placed to break into the EV market.