Telecommunications

The company will release its first 5G model in China soon.

5G phones are predicted to hit over 100 million shipments by the end of 2020.

The former employee was kept in jail for 251 days and later released due to a lack of evidence.

Lu Weibin, the man behind Xiaomi’s budget smartphone series Redmi, succeeds Xiaomi’s founder Lei Jun as president of Xiaomi China.

The company has started to benefit from its IoT and lifestyle segment amid sluggish smartphone sales.

IDC projects 1.5% increase in 2020 as market awaits Apple’s entry.

Both rival telcos plan to speed up 5G deployment together while remaining competitive in other areas.

Huawei created over 46,000 jobs in Japan last year, both directly and indirectly through local partnership deals, according to an Oxford Economics report.