INDUSTRY BRIEF: Huawei loses China smartphone crown in third quarter
A slumping Huawei lost its crown as the top brand in its home China market during the third quarter, as a resurgent Apple (AAPL.US) rose in the rankings on popularity…
BRIEF: Xiaomi SU7 in new fatal accident, shares slump over 5%
Xiaomi’s electric vehicle (EV) division faced new safety concerns after one of its SU7 vehicles caught fire following an early Monday morning collision in Sichuan province, killing the driver. Local…
INDUSTRY BRIEF: Transsion overtakes Vivo in global smartphone market
Samsung (005930.KS) and Apple (AAPL.US) continued to lead the global smartphone market in the third quarter, as Chinese manufacturers Xiaomi (1810.HK), Transsion (688036.SH) and Vivo rounded out the top five…
BRIEF: Xiaomi recalls 117,000 SU7 EVs for assisted driving software upgrade
Xiaomi Corp. (1810.HK) on Friday recalled about 117,000 of its SU7 Standard Edition electric vehicles produced before Aug. 30. The move was prompted by potential shortcomings with their highway pilot…
NEWS WRAP: Zepp returns to revenue growth as its shares continue to rally
The company’s revenue rose 46% in the second quarter, and it forecast the rate would jump to more than 70% in the third quarter By Doug Young Shares of…
INDUSTRY BRIEF: China smartphone shipments sink 4% in second quarter
Smartphone shipments in China fell 4% in the second quarter, ending six consecutive quarters of growth, as the effects of government subsidies started to fade and manufacturers cleared out inventory,…
Tinci Materials eyes Hong Kong listing, hoping investors see past its sagging profits
The lithium battery materials maker aims to use funds from its planned IPO to advance its global expansion, as it grapples with declining profits and weak prices Key Takeaways: Tinci…
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