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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Once the top smartphone maker in the country, the Chinese company is reeling under the weight of a market share slide, a slowdown in the mass-market segment and top-level exits.
The Indian smartphone market is in the middle of its biggest upheaval since Indian smartphone makers like Micromax disrupted the well-entrenched global smartphone brands about a decade ago and then Chinese smartphone makers bulldozed them out of the market a few years down the line. A relatively new player—Xiaomi—quickly climbed up the leaderboard to become the top smartphone brand in the country, displacing a behemoth like Samsung, which survived both the earlier mentioned disruptions.
Xiaomi has now seen a back-to-back dip in its quarterly market share for the first time in over five years, per the latest data by market …
Chinese diplomats to India are saying all the right things for Indian ears, but Beijing’s policy actions are moving in the opposite direction.
The JSW Steel founder is embarking on an unprecedented expansion, betting on Japan’s JFE and Korea’s POSCO to share the load. But rivalries, debt and market risks could complicate the plan.
The listed hospitality group sees a drop in revenue and profit in the first quarter. Separately, China steps up engagement with Saudi Arabia and the UAE.
