Xiaomi CEO looks past selloff to 5G-led China phone revival - Tech News - News Summed Up

Xiaomi CEO looks past selloff to 5G-led China phone revival - Tech News


Xiaomi Corp’s billionaire co-founder, shrugging off a share slump that wiped US$6bil (RM24.57bil) off its market value in just three days, expects the advent of next-generation wireless to energise demand for its smartphones. The Chinese devices maker is now focusing on pushing upmarket while expanding into Europe, forgoing the US, chief executive officer Lei Jun told Bloomberg Television. He didn’t outline his reasons for avoiding the world’s largest economy, once deemed a promising arena for Xiaomi but now increasingly hostile to Chinese corporations.


Source: The Star January 11, 2019 00:33 UTC



Loading...

Loading...