Friday, May 10, 2019

Why Xiaomi is able to price phones so attractively

Reasons include fewer levels of distributors, negligible marketing spends, focus on fan events, and a maximum 5% margin on the device. Its strategy is to earn through internet services http://bit.ly/2PXJwZ0 https://ift.tt/eA8V8J
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Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903M, below ~$1.2B est., as it pushes self-developed games (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal : Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903...