Xiaomi

At China’s most important political event of the year, they called for development in 5G, IoT, and tech education, among other fields.

The firm produces power banks, chargers, data cables, and smart home appliances.

Xiaomi beats analyst expectations in Q1 on the back of strong international sales. However, with COVID-19 now hampering economies worldwide, the growth may not last.

This week, smartphone brands including Realme, Poco, Vivo, and Honor launched their new devices in India.

Xiaomi-backed wearables maker Huami published a study on detecting the spread of infectious disease using data from 1.3 million users.

Kingsoft Cloud’s IPO comes after Luckin Coffee and TAL Education Group shocked the United States capital market by admitting inflated sales.

The company has offered services to more than 500,000 small and medium-sized enterprises in China.

Chinese vendors sold a total of 73.2 million smartphones, down by 22% YoY due to the COVID-19 pandemic.