The company’s IoT business also showed promising signs of recovery following a slowdown due to the pandemic.
The move comes months after Alibaba announced a USD 1.5 billion investment plan to strengthen the AI and Internet-of-Things (AIoT) ecosystem around its smart speaker Tmall Genie.
Baidu denied reports that it is spinning off the unit and declined to comment on a potential listing of Xiaodu.
Samsung’s India market share rose by 10 percentage points to 26%, while Xiaomi slid 1 percentage point to 29% in Q2.
30 Nov 2020 • 09:14 AM
30 Nov 2020 • 07:50 AM
30 Nov 2020 • 05:10 AM