Fast-growing Chinese smartphone and consumer electronics brand Xiaomi has opened its first retail store in South Africa.
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Xiaomi is in talks with Beijing Automotive Group to collaborate on producing electric vehicles, according to people familiar with the matter.
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Apple is planning to keep iPhone production roughly flat in 2022, a conservative stance as the year turns increasingly challenging for the smartphone industry.
Chinese tech stocks tumbled as weak corporate earnings coupled with a dimming global growth outlook intensified selling.
Smartphone shipments fell 11% in the first quarter, the worst drop since the coronavirus outbreak, according to Canalys.
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Promoted | The day is fast approaching when Xiaomi will launch its newest models of smartphone in South Africa, the Redmi Note 11 Series. Catch the live launch event here.
Share buybacks are emerging as the hottest trend among Chinese tech giants and industry leader Tencent Holdings may be the next to jump on the bandwagon.
Tencent Holdings is nearing a deal that could help the tech behemoth further its ambitions for the metaverse.