The smartphone giant Xiaomi has a large number of existing users so the payment service is expected to grow rather fast.
Chinese tech company Xiaomi has launched several new smartphones via its flagship 12S lineup, new Book Pro computers and Mi Band 7 Pro.
Xiaomi stock has dropped approximately 30%, and 14% in the past ten months and three months respectively.
With this decision, Geely would become the first among automakers to delve into smartphone production.
Joining the growing evolution of smart glasses as we have it today, the Xiaomi brand will find uses in live translation, snapping pictures, navigation, and notifications for the display amongst other things.
Xiaomi has deliberately moved to beef up its research and development in the new space with its purchase of an autonomous driving technology startup Deepmotion for over $77 million.
The crypto industry in India could see a new entrant in the coming weeks as Xiaomi India, a branch of the mobile phone manufacturer in India, has indicated an interest in the space. This was revealed by the firm’s managing director in a recent interview with The Economic Times.
According to the Xiaomi announcement, customers in Portugal can purchase products using any of five supported crypto assets, including BTC, ETH, and USDT.
It was also revealed that Xiaomi posted year-on-year smartphone shipment growth that beats that of Samsung and Apple.
Xiaomi is undoubtedly raising its own bar when it comes to rolling out innovative technologies across its entire product suite.
Currently, there is one “sell” rating, one “hold” rating, and five “buy” ratings for Xiaomi stock. The consensus among Wall Street equities research analysts is that investors should buy Xiaomi shares.