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Xiaomi as of late is making way more money outside of China than in it, and they are not in hurry to repatriate money back to China. Lei Jun is now quickly rel

Xiaomi as of late is making way more money outside of China than in it, and they are not in hurry to repatriate money back to China. Lei Jun is now quickly relocating Xiaomi to India. Xiaomi phones you can buy in most of the world now are made, and sold by Xiaomi India, and have no link to Xiaomi Communications (China) whatsoever.

cik 5y ago
Interesting. Do you have any links? I've been ongoingly looking for reasonable devices that are neither manufactured in nor connected to China.
- arcticbull 5y ago
  A Xiaomi phone is super duper connected to China no matter where it's manufactured. "No link whatsoever" is quite likely not accurate, after all they are licensing the brand, the technology and probably the firmware from the parent entity.
oefrha 5y ago
> Xiaomi as of late is making way more money outside of China than in it Easy to debunk. The 2020 annual report (the latest available financial report I can find) clearly says > As we continue to expand our overseas business, revenue from overseas markets amounted to RMB122.4 billion in 2020, representing a year-over-year increase of 34.1% and accounting for 49.8% of our total revenue. https://i01.appmifile.com/webfile/globalweb/company/ir/announcement_us/annual_report_2020_e.pdf https://i01.appmifile.com/webfile/globalweb/company/ir/annou... 49.8% is not “way more” than 50.2%. Overseas revenue does appear to be growing faster than domestic revenue (the overall revenue grew 19.4% YoY which means domestic revenue grew by 7.7%) so at this rate it could overtake soon, but even then way more is a stretch. I also somehow doubt the low-end business in India is higher margin than their flagship business in China. Hard to imagine earning much profit when you have to compete against $50 or something Jio phones.
- baybal2 5y ago
  Does it include Xiaomi India, or just Xiaomi China revenues from handsets sold abroad?
  - oefrha 5y ago
    You can easily search for the word India in the linked report. Why even bother asking.
    - baybal2 5y ago
      Xiaomi India is not directly owned by Xiaomi Communications, the Chinese company, but Xiaomi Communications still does sell some device lines in India as imports.

cik 5y ago

Interesting. Do you have any links? I've been ongoingly looking for reasonable devices that are neither manufactured in nor connected to China.

arcticbull 5y ago
A Xiaomi phone is super duper connected to China no matter where it's manufactured. "No link whatsoever" is quite likely not accurate, after all they are licensing the brand, the technology and probably the firmware from the parent entity.

oefrha 5y ago

> Xiaomi as of late is making way more money outside of China than in it Easy to debunk. The 2020 annual report (the latest available financial report I can find) clearly says > As we continue to expand our overseas business, revenue from overseas markets amounted to RMB122.4 billion in 2020, representing a year-over-year increase of 34.1% and accounting for 49.8% of our total revenue. https://i01.appmifile.com/webfile/globalweb/company/ir/announcement_us/annual_report_2020_e.pdf https://i01.appmifile.com/webfile/globalweb/company/ir/annou... 49.8% is not “way more” than 50.2%. Overseas revenue does appear to be growing faster than domestic revenue (the overall revenue grew 19.4% YoY which means domestic revenue grew by 7.7%) so at this rate it could overtake soon, but even then way more is a stretch. I also somehow doubt the low-end business in India is higher margin than their flagship business in China. Hard to imagine earning much profit when you have to compete against $50 or something Jio phones.

baybal2 5y ago
Does it include Xiaomi India, or just Xiaomi China revenues from handsets sold abroad?
- oefrha 5y ago
  You can easily search for the word India in the linked report. Why even bother asking.
  - baybal2 5y ago
    Xiaomi India is not directly owned by Xiaomi Communications, the Chinese company, but Xiaomi Communications still does sell some device lines in India as imports.