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Xiaomi unveils new flagship smartphone, naming Chinese singer as brand ambassador to pump up domestic sales

Xiaomi, the world’s fourth largest smartphone supplier, launched a new medium-to-high-end model on Wednesday, naming an 18 year old Chinese singer and actor as brand ambassador in a move to shore up slipping sales in the hypercompetitive domestic market.The Mi 9, priced from 2,999 yuan (US$444) is the company’s first smartphone to be launched since it turned its budget Redmi line into an independent brand last month, a move that has enabled it to pursue the high-end segment of the smartphone… Source link

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Smartphone giant Xiaomi, Tencent Music among a dozen stocks to be added to MSCI China Index

Smartphone giant Xiaomi and online video platform Iqiyi are among a dozen listed companies to be added to MSCI’s benchmark Chinese equities gauge, the global index compiler announced on Monday. The inclusion of the stocks in the MSCI China Index at the end of February is likely to benefit them in the long term because they may attract global funds that track such indexes, said analysts. MSCI claims to serve “99 of the top 100 largest money managers”. “Those funds will not buy and sell frequently but [they will] hold…

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Meet the ‘godfather’ of China’s smartphone industry

Over a span of about 10 years, Chinese smartphone brands have not only topped sales in their home market, but also outshone major foreign rivals in many emerging and developed economies. The success of four of those brands – Oppo and Vivo as well as recently established OnePlus and Realme – can be directly attributed to the guiding hand and investment savvy of reclusive Chinese billionaire entrepreneur, investor and philanthropist Duan Yongping. He is the founder and chairman of privately held BBK Electronics Corp, a 24-year-old company based in the…

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Behind the rise of China’s smartphone brands lies growing unease over country’s tech gains

Like many urban Chinese consumers, Shenzhen civil servant Gao Jian has had a long-held belief that the quality of domestic smartphone brands paled in comparison with foreign brands, especially Apple. But in December, Gao joined the growing number of mainland consumers who have made the switch from Apple’s iPhone to a premium Android smartphone from a major Chinese brand. He bought a Mate 20 Pro, the flagship model from the country’s largest smartphone supplier Huawei Technologies. “Its design and cameras are better than what I expected,” Gao said. “Also, iPhones…

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China 

China’s smartphone shipments fall to pre-2014 level as economic slowdown bites, says report

China’s economic slowdown and consumers pulling back on spending have taken a toll on its smartphone industry, with shipments to the world’s largest phone market retreating to the level before 2014, according to an industry report from research firm Canalys. Global smartphone makers shipped about 396 million phones to mainland China last year, down 14 per cent from the previous year’s 459 million units, according to the report. The decline, which Canalys described as “the most dramatic in history”, brought the annual shipment figure down to the period before 2014,…

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Credit Suisse predicts steep fall in global smartphone output as demand and China economy slow

Global smartphone production in the first quarter of this year is expected to drop 19 per cent as major handset makers feel the effects of softer demand and weak consumer sentiment in China, according to a technology research report from Credit Suisse. Production volumes are expected to slow at Apple, Samsung and Chinese smartphone makers and “the bottom is not yet in sight,” according to Credit Suisse analysts, who revised down a previous forecast for a drop of 14 per cent to 19 per cent. Output of Apple Inc.’s iPhones…

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Chinese smartphone maker Coolpad seeks to reverses losses, eyes expansion in US, Europe

Loss-making Chinese smartphone maker Coolpad Group was once a leading player in the domestic market before intense competition forced it to seek greener pastures elsewhere. That turned out to be the US, where the Shenzhen-based company now derives about 90 per cent of its revenue. Coolpad will continue to expand in both the North and South American markets, as well as some European countries, chief executive Jiang Chao said in an interview in Las Vegas, where it was showing some new products in a hotel. But China remains off the…

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Chinese budget smartphone brand Realme has Southeast Asia, Africa and Europe in its sights after sweeping India

Realme, the India-focused brand controlled by Chinese mobile phone maker Oppo, plans to expand its operations across Southeast Asia, Africa and Europe, following its success in the world’s second largest smartphone market. It is a strategy made possible by the Shenzhen-based budget Android smartphone maker’s online distribution programme and independent business model, according to Realme global chief executive Sky Li Bingzhong in a recent interview. “The company’s asset-light operations and focus on online sales allows it to keep costs low,” Li said. “That way, more young consumers can afford its…

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Apple-related stocks hammered in China, Hong Kong markets after US smartphone giant cuts revenue outlook

Hong Kong and Chinese stocks pared early losses and traded slightly higher on Thursday morning, with Apple suppliers hammered after the smartphone giant slashed revenue outlook based on weaker-than-expected iPhone sales in China. The Hang Seng Index dipped as much as 0.4 per cent, before reversed into positive territory and traded up 0.3 per cent, or 82.93 points, at 25,212.82 as of 10:15am. Pressures on smartphone component suppliers around the world weighed on Hong Kong’s benchmark index, after it plummeted 2.8 per cent on Wednesday in the worst first trading…

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Ecommerce 

2019 China tech look ahead: trade war likely to cast a shadow as AI, e-commerce, smartphone progress continues

The US-China trade war knocked the wind out of the Chinese hi-tech industry’s sails in 2018, threatening to slow down its expansion in everything from smartphones, wireless network equipment and self-driving cars to semiconductors, e-commerce and financial technology. While a 90-day ceasefire period is in place for negotiators to end the war, major Chinese technology companies and national initiatives are expected to continue to face challenges in 2019 as the world’s two largest economies remain at loggerheads over global leadership in hi-tech innovation. Here we take a look at the…

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