24 March 2021 - 22:21Shoppers visit a Xiaomi store in Kiev, Ukraine, October 22 2020. Picture: REUTERS/VALENTYN OGIRENKO
Sales jumped 24.8% year on year to 70.5-billion yuan. Smartphone sales, which account for the bulk of its revenue, hit 42.6-billion yuan, a 38.4% increase. Anticipating the opportunity, Xiaomi and other Android-based smartphone makers ramped up production of their devices towards the end of 2020. The Chinese smartphone maker on Wednesday also announced that Shou Zi Chew, president of its international department and an executive director, had resigned.
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Here’s a documentary explaining Huawei’s ban in detail 👇