Home › Xiaomi profits fall in Q4 on marketing push to boost overseas growth
 

Keywords :   


Xiaomi profits fall in Q4 on marketing push to boost overseas growth

2020-03-31 14:04:00| Telecompaper Headlines

(Telecompaper) Xiaomi reported revenues for the fourth quarter of 2019 up 27.1 percent year-on-year to CNY 56.5 billion. Net profit for the period fell to CNY 2.4 billion from CNY 3.4 billion a year earlier, after a sharp rise in marketing and promotional spend to boost sales outside China. 

Tags: marketing fall growth push

Category:Telecommunications

Latest from this category

All news
»
06.01Drivers over 70 to face eye tests every three years
06.01Next reports Christmas rush but warns of slowdown ahead
06.01'We became best friends at a warm hub'
06.01Families 'not aware' of winter fuel eligibility
06.01Warm Welcome spaces have vital 'social aspect'
06.01Nvidia unveils 'reasoning' AI technology for self-driving cars
06.01Hyundai to use human-like robots in factories
06.01Nestle recalls some baby formula products over toxin fears
More »