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Tag: xiaomi
Xiaomi to raise USD 4 bln for expansion in share, bond sale
2020-12-02 13:27:00| Telecompaper Headlines
(Telecompaper) Xiaomi announced plans to raise USD 855 million in a convertible bond issue and another USD 3.1 billion in an underwritten share issue. The proceeds will be used for working capital and investments.
Tags: share
sale
usd
expansion
Xiaomi to pounce on Huawei market share with $4bn share sale
2020-12-01 01:00:00| Total Telecom industry news
Today, reports suggest that Chinese smartphone maker Xiaomi is poised to sell 1 billion shares in an effort to raise $3.2 billion, with a further $855 million to be generated from a seven-year, zero-coupon convertible bond. In total, the company is aiming to raise around $4 billion to expand its operations, particularly in order to capitalise on the continuous international pressure of their domestic rival Huawei…read more on TotalTele.com »
Tags: share
sale
market
market share
Xiaomi revenue growth accelerates to 35% in Q3 on stronger smartphone sales
2020-11-24 14:58:00| Telecompaper Headlines
(Telecompaper) Xiaomi reported a strong acceleration in sales growth in the third quarter, driven by demand for its affordable 5G smartphones. Revenues rose 34.5 percent year-on-year to CNY 72.2 billion, and the company shipped 45.3 percent more smartphones than in Q3 2019, at a total 46.6 million units.
Tags: sales
growth
revenue
stronger
Xiaomi kicks off Mi Developer Conference with new tech, marks 10th anniversary with new capex, hiring goals
2020-11-05 16:56:00| Telecompaper Headlines
(Telecompaper) Xiaomi has kicked off its annual Mi Developer Conference (MIDC 2020) in Beijing with the theme "Technology for Life". During the conference, the company unveiled different new technologies and, to mark its 10th anniversary, said it will put CNY 10 billion into its capex fund this year, with plans to recruit 5,000 more people to its engineering team next year.
Tags: with
tech
conference
goals
Global smartphone sales recover in Q3, Xiaomi overtakes Apple in third spot
2020-10-30 14:41:00| Telecompaper Headlines
(Telecompaper) The global smartphone market contracted 4 percent year on year in the third quarter to 365.6 million units, hurt by ongoing Covid impact, but rose 32 percent sequentially, according to the latest report from Counterpoint. The recovery was driven by pent-up demand in key markets such as the US, India and Latin America, said the report, adding that easing lockdown conditions worldwide also helped to streamline the supply chain again.
Tags: sales
global
third
apple
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