Home › Xiaomi profits fall in Q4 on marketing push to boost overseas growth
 

Keywords :   


Xiaomi profits fall in Q4 on marketing push to boost overseas growth

2020-03-31 14:04:00| Telecompaper Headlines

(Telecompaper) Xiaomi reported revenues for the fourth quarter of 2019 up 27.1 percent year-on-year to CNY 56.5 billion. Net profit for the period fell to CNY 2.4 billion from CNY 3.4 billion a year earlier, after a sharp rise in marketing and promotional spend to boost sales outside China. 

Tags: marketing fall growth push

Category:Telecommunications

Latest from this category

All news
12.03Reengineering Enterprise AI From Infrastructure to Agents
09.03Make Your Azure Data Platform AI-Ready
04.03Your AI Agents Are Only As Smart As Your Data Infrastructure
Telecommunications »
16.03Ukraine's urgent fight on the financial frontline
16.03Starmer to set out support plan for heating oil costs
16.03Starmer to set out support plan for heating oil costs
15.03UK looking at all options to secure Strait of Hormuz, says Miliband
15.03We will intervene on energy bills if necessary, says Miliband
15.03Banknotes, beavers and a very British backlash
15.03Banknotes, beavers and a very British backlash
15.03'Gruesome' war bets fuel calls for crackdown on prediction markets
More »