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Xiaomi winds down financial services business in India • ZebethMedia

By zebethcontrolPosted on October 28, 2022Posted in Apps, Fintech, mi pay, Xiaomi, Xiaomi IndiaNo Comments

Xiaomi has quietly discontinued its financial services in India, less than three years after launching payment and lending apps in the key global market, two sources familiar with the matter told ZebethMedia, retreating from what analysts say is a $1 trillion opportunity. The Chinese giant recently pulled the Mi Pay and Mi Credit apps in […]

China’s smartphone shipments slumped 23% in Jan-Aug • ZebethMedia

By zebethcontrolPosted on October 27, 2022Posted in Apple, China, chips, Gadgets, Hardware, Huawei, iPhone, oppo, Phone, semiconductors, shipment, XiaomiNo Comments

Smartphone shipment is often seen as the bellwether of China’s consumer spending, and right now, the picture isn’t very rosy. The world’s largest market for smartphones shipped 175.1 million handsets between January and August, marking a sharp 22.9% decline year-over-year, according to research from a state-backed institution. In August alone, shipments dropped 21.9% year-over-year. The […]