Among the 45 largest (by market cap) publicly traded EO500 companies, 16 firms saw their overseas revenues increasing in 2020. In this regard, BYD, Xiaomi and Tencent were among the best performers, with year-on-year growth of 203%, 34% and 103% respectively.
Xiaomi (01810:HK), established in 2010, has emerged as a top consumer electronics brand. The company offers numerous products like smartphones, laptops and smart home products, garnering support in more than 100 countries and regions around the world.
With a large share of many European and Asian countries' markets, its overseas revenue increased steadily amid the epidemic from CNY 91.2 billion to CNY 122.4 billion, accounting for 49.8% of total revenue.
In June 2021, the firm's global mobile phone market share rose to 17.1%, overtaking Samsung (15.7%) and Apple (14.3%). Meanwhile, its mobile phone sales grew by 26% on the back of Huawei's decline and prioritization of 4G and 5G-enabled smartphones, marking it the fastest-growing brand for the month.
Xiaomi (01810:HK), established in 2010, has emerged as a top consumer electronics brand. The company offers numerous products like smartphones, laptops and smart home products, garnering support in more than 100 countries and regions around the world.
With a large share of many European and Asian countries' markets, its overseas revenue increased steadily amid the epidemic from CNY 91.2 billion to CNY 122.4 billion, accounting for 49.8% of total revenue.
In June 2021, the firm's global mobile phone market share rose to 17.1%, overtaking Samsung (15.7%) and Apple (14.3%). Meanwhile, its mobile phone sales grew by 26% on the back of Huawei's decline and prioritization of 4G and 5G-enabled smartphones, marking it the fastest-growing brand for the month.