Subscribe to our newsletter By subscribing, you agree with Revue’s Terms of Service and Privacy Policy and understand that CnTechPost Newsletter will receive your email address. Mar 24, 2021 CnTechPost Newsletter: Xiaomi's Q4 revenue misses estimates CnTechPost Newsletter: Xiaomi's Q4 revenue misses estimates By CnTechPost Newsletter • Issue #19 • View online Xiaomi's Q4 revenue up 24.8% year-on-year to 70.46 billion yuan, missing estimates - CnTechPost Xiaomi sold 42.3 million smartphones in the fourth quarter, up 29.7 percent year-on-year. cntechpost.com • Share Tencent's Q4 revenue up 26% year-on-year to RMB 133.67 billion, in line with expectations - CnTechPost Chinese tech giant Tencent’s fourth-quarter revenue rose 26 percent year-on-year to RMB 133.67 billion ($20.5 billion), in line with market cntechpost.com • Share WeChat reaches 1.225 billion monthly active accounts - CnTechPost The number of monthly active accounts for WeChat, Tencent’s messaging app, reached 1.225 billion as of Dec. 31, 2020, up 5.2 percent year-ov cntechpost.com • Share Xiaomi to acquire all remaining 50.9% stake in power bank maker Zimi - CnTechPost Xiaomi Group will acquire 50.09% of Zimi International Corp for US$205 million, making the popular power bank maker its wholly-owned subsidi cntechpost.com • Share Chew Shou Zi, president of Xiaomi's international division, resigns and will join ByteDance as CFO - CnTechPost Joining ByteDance will allow him to re-base in his hometown of Singapore after 18 years away from home, Chew said. cntechpost.com • Share Xiaomi smartphones said to enter South Korea, Samsung's home turf - CnTechPost Xiaomi will launch new mid-range smartphones in South Korea to compete with local brand Samsung, according to Yonhap News Agency. cntechpost.com • Share Genshin Impact mobile earns over $1 billion in 6 months, report shows - CnTechPost Since its release in September last year, miHoYo’s Genshin Impact has earned more than $1 billion in six months on mobile, data release cntechpost.com • Share Baidu Kunlun chip business closes independent financing agreement - CnTechPost Baidu Kunlun chip business recently completed the signing of an independent financing agreement with a post-investment valuation of approxim cntechpost.com • Share Didi said to be considering US IPO at valuation of at least $100 billion - CnTechPost Didi sees an advantage of a New York IPO in that the pace of the listing is more predictable and the market is better capitalized in the sec cntechpost.com • Share Did you enjoy this issue? By CnTechPost Newsletter Tech news from China. Tweet Share In order to unsubscribe, click here. If you were forwarded this newsletter and you like it, you can subscribe here. Powered by Revue Share Share to Twitter Share to Facebook Subscribe to our newsletter By subscribing, you agree with Revue’s Terms of Service and Privacy Policy and understand that CnTechPost Newsletter will receive your email address.