Lei Jun, founder and chief executive of Chinese smartphone giant Xiaomi Corp, said the company has kept its focus on efficiency, despite the disruptions caused by the coronavirus pandemic. Photo: Bloomberg

Xiaomi sees short-term sales hit from coronavirus, but expects smartphone demand to pick up

  • The Beijing-based company reported better-than-expected earnings in the December quarter and the whole of 2019
  • It indicated that 80 to 90 per cent of its production capacity in China has returned
Topic |   Coronavirus pandemic
Lei Jun, founder and chief executive of Chinese smartphone giant Xiaomi Corp, said the company has kept its focus on efficiency, despite the disruptions caused by the coronavirus pandemic. Photo: Bloomberg
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