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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 led the premium smartphone segment with a 37% market share in the first half of 2020.
As of tomorrow the Chinese champion will be cut off from its suppliers.
Samsung’s India market share rose by 10 percentage points to 26%, while Xiaomi slid 1 percentage point to 29% in Q2.
Chinese smartphone makers took a larger share of the local market in Q2 2020 than ever before.
Apple’s market share dropped from Q4 2019’s 41% to Q2 2020’s 35%.
Xiaomi’s second-quarter revenue reached USD 7.7 billion, up 3.1% from a year ago, on the back of strong premium smartphone sales.
Oppo, the world’s fifth largest smartphone vendor, has seen sales drop 15.9% year-on-year in the second quarter to 28 million.