The Chinese tech giant’s January-March revenue misses analyst bets with a 2% growth.
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Data from the WorldFirst platform revealed that the number of export markets for Chinese SMEs doubled year-on-year in Q1 2023, with some exporters selling to as many as 42 overseas markets.
Xiaomi’s ambitious vow to establish itself as a high-end international brand led to its success in 2019, but it is also leading to its downfall in 2023.