xsmb 27/2/23

company profile

xsmb 27/2/23 Major Chinese phone vendor Xiaomi released its sales report for the Singles Day shopping holiday on Nov. 12, showing an 11.9% yearly decline in sales. The report said Xiaomi achieved RMB 17 billion (.41 billion) in sales during the shopping event among all channels. However, Xiaomi stayed strong among its rivals, as it was the top brand in Android phones sales on JD, Tmall, Pinduoduo, and Douyin during Singles Day, both in sales and sales volume. Its Redmi 9A was the bestseller among all smartphones, surpassing the iPhone 14 on JD. Xiaomi was also the top smart band vendor by sales on JD and Tmall during the shopping event this year. [Xiaomi, in Chinese]

xsmb 27/2/23 The US Bureau of Industry and Security (BIS) added seven Chinese aerospace electronics and related entities to its Entity List on Wednesday, restricting tech exports to them from US companies. BIS stated that the entities perform activities contrary to US national security and foreign policy interests by utilizing American tech “in support of Chinas military modernization efforts. According to BISs announcement, six out of the seven entities are technically research institutions, at least by name, that focus on aerotechnics, including both hardware and software. An analyst familiar with the field told Caixin that five of the seven entities listed had experience in aerospace semiconductor development, suggesting that the US is aiming to contain Chinas development in this industry. China Aerospace Science and Technology Corporation (CASC) 9th Academy 772 Research Institute, for example, develops over 20 types of chips and 600 models used for airspace and military projects, according to Caixin. The latest addition brings the total number of Chinese entities on the list to 600, with more than 100 added since the start of the Biden administration. [Caixin, in Chinese]