Xiaomi supplier Dixon Technologies India is reportedly in talks to set up a massive new factory on the outskirts of New Delhi, according to a media report. The new factory would be spread over more than 3,00,000 square feet and will largely produce Xiaomi smartphones, the report mentioned. The plant is set to be inaugurated […]
Xiaomi India, the Chinese smartphone brand is reducing its workforce to less than 1,000 employees due to a reorganisation, a decline in market share, and increased scrutiny from government agencies, according to current and former employees of the company. At the beginning of 2023, Xiaomi India had employed around 1,400 to 1,500 people, but in […]
Xiaomi Corp reported a 18.9 per cent drop in quarterly revenue on Wednesday as consumer demand for smartphones remained weak even as the economy recovered from the COVID-19 pandemic. Sales in the first quarter of 2023 reached 59.5 billion yuan, down from 73.35 billion yuan in the same quarter a year earlier, roughly in line […]
