Xiaomi, the Chinese company known for its cheap handsets and a vision to drive revenues by selling internet services, has come in ahead of analysts’ estimates in its fourth-quarter profit although revenues missed expectations. The Hong Kong-listed company more than tripled its net profit to 1.85 billion yuan ($276 million), exceeding the 1.7 billion yuan […]
View More Xiaom Q4 sees strong growth in overseas shipment and internet servicesCategory: hugo barra
Facebook’s plan to let companies it buys live independently has failed
Mark Zuckerberg was quick to realize that Facebook, the largest social network in the world, doesn’t have a monopoly on all users nor can it bank on holding its position as top dog forever. Thus he instituted a policy of buying up promising rivals and integrating them into the Facebook ‘group’ in a strategy designed […]
View More Facebook’s plan to let companies it buys live independently has failedXiaomi’s former head of international Hugo Barra lands IPO windfall
Xiaomi’s IPO in Hong Kong may not have been the smash hit that the company was hoping for, but the listing is a major financial windfall for one former employee: Xiaomi’s ex-head of international Hugo Barra. Barra joined Xiaomi in 2013 from Google, where he had been a senior executive in charge of Android, but he departed […]
View More Xiaomi’s former head of international Hugo Barra lands IPO windfall