Data

Xiaomi has become the No. 1 smartphone maker in China and the No. 3 in the world with a global market share of 13 percent in February, while Huawei sits fourth in China with a 4 percent global market share, according to a new report from Counterpoint Research.

China imported 543.5 billion integrated circuits in 2020, an increase of 22.1% year-on-year.

Chinese phone maker Xiaomi is poised to overtake Huawei this year to become the world's third-largest smartphone vendor, Strategy Analytics said.

Chinese tech giant Huawei continued to lead the Chinese wearables market with a 22.3 percent share in the fourth quarter, leaving behind Xiaomi and Apple.

Huawei has increased its share of the global telecom equipment market to 31 percent, edging out Nokia, Ericsson, ZTE, Cisco, Ciena, and Samsung for the top spot.

China's cell phone exports in the first 2 months amounted to RMB 149.59 billion ($22.9 billion), up 49.2% year-on-year, according to data released by the General Administration of Customs of China on March 7.

Huawei (including Honor) shipped 18.8 million units in the fourth quarter of 2020, with its market share falling to 22 percent from 41 percent in the third quarter, the data showed.

As of February, Samsung, Nokia and Qualcomm ranked second to fourth with about 13 percent share each.

Xiaomi TV announced on Weibo that it is No. 1 in terms of shipments in China in 2020, staying at the top spot for the second consecutive year.

Life services, production capacity, and knowledge skills rank the top three in the sharing economy market size, at about RMB 16 trillion, RMB 10 trillion, and RMB 400 billion, respectively.