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At 12:00 on June 2, our country used the Long March II C carrier rocket at the Xichang Satellite Launch Center to successfully launch the Geely Constellation 01 group of satellites into the air, 9 satellites successfully entered the predetermined orbit, and the launch mission was a complete success. Xinhua News Agency issued

Satellite assembly site (file picture)

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Yesterday at 12:00 noon, the first-orbit nine-star "Geely Future Travel Constellation" was successfully launched from the Xichang Satellite Launch Center and successfully entered the scheduled orbit. This is the first time that China has successfully launched a mass-produced commercial satellite in the form of "nine-star with one arrow" from the Xichang Satellite Launch Center.

The reporter learned from Geely that the nine commercial satellites are produced and shipped from Taizhou Xingkong Zhilian Technology Co., Ltd., located in Taizhou Bay New Area. The company is a satellite factory under Geely Technology Group and is the first satellite mass production factory in China that deeply integrates aerospace manufacturing and automotive manufacturing capabilities. The satellites are highly reliable and high-performance, with a design life of 5 years. The satellite manufacturing efficiency and system reliability have reached the industry-leading level.

The construction and commercial application of low-orbit satellite constellations is the focus of commercial aerospace development. The successful launch of Jiuxing this time was used for the deployment test of the first orbital plane of Geely’s low-orbit future travel constellation. The successful entry of the first orbital Jiuxing into orbit marks the start of the construction of the world’s first "heaven-earth integrated high-precision spatiotemporal information system" space segment created by Geely Technology Group. The overall constellation deployment plan is completed in 2025, and it is expected to provide satellite data application services covering the world in 2026, which will provide strong support for intelligent manufacturing, drone transportation, smart city, smart travel and many other fields.

It is worth mentioning that one of the nine stars is named "Asian Games China Star", which is the first commercial satellite named for the Asian Games. The satellite will empower the "Smart Asian Games" with aerospace technology to provide high-precision location-based services for official vehicles, and provide users with Torch Relay tracking, autonomous driving, multi-mode communication, and the eye of space to see the Asian Games and other special services.

Xu Zhihao, CEO of Geely Technology Group, said that the application of low-orbit satellites is the main battlefield for the future development of commercial aerospace, and it is also a high ground for the transformation of scientific and technological achievements that benefits the country and the people, and has great value. The successful launch of nine satellites into orbit this time confirms the strength of China’s private commercial aerospace technology.

　　[Introduction] Strive for the day and live up to the times. 2020 is a landmark year. We will build a moderately prosperous society in an all-round way and achieve the first century-long goal. 2020 is also a year of decisive victory in poverty reduction. In 2020, the National Two Sessions will be held in March; the seventh national census will be carried out; the Chinese sports delegation will participate in the 2020 Tokyo Olympics to win glory for the country; Beidou Global Navigation will be completed, and the Mars probe will also be launched… In 2020, these 10 major events in China deserve your attention and mine!

　　First, brilliant achievements – the decisive year of poverty reduction

　　In 2020, our country will achieve total poverty reduction for the rural poor, and remove all poverty-stricken counties, eliminating absolute poverty historically.

　　The supreme leader of the President of the State said in his New Year’s message in 2020 that we must work together to work hard, the more difficult and dangerous the more forward, make up for the shortcomings more solidly, lay a firmer foundation, resolutely win the battle of poverty reduction, and achieve all poverty reduction for the rural poor under the current standards as scheduled.

　　Since the 18th National Congress of the Communist Party of China, the Party Central Committee with the supreme leader as the core has taken poverty reduction as the bottom line task and landmark indicator of building a well-off society in an all-round way, and made every effort to win the battle of precise poverty reduction.

　　The Supreme Leader pointed out that the battle against poverty reduction has entered a critical stage of decisive victory, and it is necessary to work hard and fight tenaciously. By 2020, through industrial support, 30 million people can be solved for poverty reduction; through the transfer of employment, 10 million people can be solved for poverty reduction; through relocation, 10 million people can be solved for poverty reduction, totaling about 50 million people. There are also more than 20 million poor people who are completely or partially incapable of working, and they can achieve poverty reduction under social security policies by fully incorporating them into the scope of minimum security coverage.

　　In 2020, an all-round well-off society will come to a successful conclusion, and time is witnessing the miracles created by the Communist Party of China and the Chinese people!

　　Achieving the first centenary goal – building a moderately prosperous society in an all-round way

　　In 1979, Comrade Deng Xiaoping proposed the concept of "a well-off family". This ancient and beautiful concept of "well-off" has since been creatively used to explain a crucial stage in the coordinates of China’s modernization.

　　The year 2020 will bring an all-round well-off society to a successful conclusion. The Supreme Leader said in his New Year’s message that 2020 will be a landmark year. We will build a well-off society in an all-round way and achieve the first centenary goal.

　　The Supreme Leader stated in the 19th National Congress of the Communist Party of China that by 2020, it will be the decisive period for building a moderately prosperous society in an all-round way. In accordance with the requirements put forward by the 16th National Congress of the Communist Party of China, the 17th National Congress of the Communist Party of China, and the 18th National Congress of the Communist Party of China to build a moderately prosperous society in an all-round way, we must closely follow the changes in the main contradictions in our country’s society, comprehensively promote economic construction, political construction, cultural construction, social construction, and ecological civilization construction, firmly implement the strategy of rejuvenating the country through science and education, the strategy of strengthening the country through talent, the strategy of innovation-driven development, the strategy of rural revitalization, the strategy of coordinated regional development, the strategy of sustainable development, and the strategy of military-civilian integration development, highlighting the key points, making up for shortcomings, and strengthening weaknesses, especially to resolutely prevent and resolve major risks Precision poverty reduction and pollution prevention and control have made the comprehensive construction of a well-off society recognized by the people and can stand the test of history.

　　Building a moderately prosperous society in an all-round way and achieving the first centennial goal is a great victory and a new starting point for the next even greater victory.

　　3. In line with expectations – the "13th Five-Year Plan" ended successfully

　　The Outline of the 13th Five-Year Plan for National Economic and Social Development of the People’s Republic of China, referred to as the "13th Five-Year Plan" (2016-2020), mainly articulates the national strategic intentions, clarifies the government’s work priorities, and guides the behavior of market entities. It is a grand blueprint for China’s economic and social development from 2016 to 2020. It is a common program of action for people of all ethnic groups. It is an important basis for the government to fulfill its responsibilities in economic regulation, market supervision, social management, and public services.

　　The five-year plan is an important part of China’s national economic plan and is a long-term plan. It mainly plans major national construction projects, the distribution of productive forces, and the important proportional relationship of the national economy, and sets goals and directions for the long-term development of the national economy.

　　In 2019, in the face of the complex situation of rising risks and challenges at home and abroad, our country maintained sustained and healthy economic and social development, and the progress of the main indicators of the "13th Five-Year Plan" was in line with expectations. 2020 is the year when the "13th Five-Year Plan" comes to an end. How to do a good job in economic work next year and ensure the realization of the first centenary goal? The Politburo meeting held on December 6, 2019 made arrangements and arrangements to send important signals. The meeting proposed that we must achieve the "four insistences" – adhere to the general tone of seeking progress while maintaining stability, adhere to the new development concept, adhere to the supply-side structural reform as the main line, and adhere to the reform and opening up as the driving force.

　　Experts said that the goals and measures for economic work in 2020 have been made clear. These "four insistences" will promote China’s economy to be stable and far-reaching, and continue to move towards high-quality development.

　　IV. The Republic of China is – the National Two Sessions will be held in 2020 to review the draft Civil Code

　　The 15th meeting of the Standing Committee of the 13th National People’s Congress voted on the 28th to pass the decision on convening the third session of the 13th National People’s Congress. According to the decision, the third session of the 13th National People’s Congress will be held in Beijing on March 5, 2020. The agenda for the Third Session of the Thirteenth National People’s Congress is: to review the government work report; to review the report on the implementation of the 2019 National Economic and Social Development Plan and the 2020 Draft National Economic and Social Development Plan, and the 2020 Draft National Economic and Social Development Plan; to review the report on the implementation of the 2019 Central and Local Budgets and the 2020 Draft Central and Local Budgets, and the 2020 Draft Central and Local Budgets; to review the motion of the Standing Committee of the National People’s Congress to request the review of the Civil Code of the People’s Republic of China (Draft); to review the work report of the Standing Committee of the National People’s Congress; to review the work report of the Supreme People’s Court; to review the work report of the Supreme People’s Procuratorate, etc.

　　The 31st meeting of the chairpeople of the 13th National Committee of the Chinese People’s Political Consultative Conference (CPPCC) deliberated and adopted the decision (draft) on convening the third meeting of the 13th National Committee of the Chinese People’s Political Consultative Conference, and recommended that the third meeting of the 13th National Committee of the Chinese People’s Political Consultative Conference be held in Beijing on March 3 next year.

　　The 15th meeting of the Standing Committee of the 13th National People’s Congress voted on the morning of the 28th to pass the motion of the Standing Committee of the National People’s Congress on the draft Civil Code for review, and decided to submit the draft Civil Code to the Third Session of the 13th National People’s Congress in 2020 for review. The draft Civil Code made its debut at the 15th meeting of the Standing Committee of the 13th National People’s Congress. This is also the first time that the draft chapters of the Civil Code have been "integrated" with the General Principles of the Civil Law formulated in 2017, and it has been presented in the form of a full version of the draft Chinese Civil Code.

　　V. Population Development – Conducting the Seventh National Population Census

　　Census worker Liu Mei (first from right) conducts census registration at the construction site of the Bengbu section of the Beijing-Shanghai high-speed rail. Photo by Xinhua News Agency reporter Liu Junxi

　　The State Council recently issued a notice on the conduct of the seventh national population census. The notice makes it clear that in accordance with the "Statistics Law of the People’s Republic of China" and the "Regulations on the National Population Census", the State Council has decided to conduct the seventh national population census in 2020.

　　The notice makes it clear that the census targets are natural persons who are within the territory of the People’s Republic of China at the standard time point of the census and Chinese citizens who are outside the territory of the People’s Republic of China but have not settled down, excluding overseas persons who stay in the territory of the People’s Republic of China for a short period of time. The census mainly investigates the basic information of the population and households, including: name, citizenship number, gender, age, ethnicity, education level, industry, occupation, migration, marriage and birth, death, housing situation, etc. The standard time point of the census is 0:00 on November 1, 2020.

　　Home diplomacy – the second United Nations Global Sustainable Transport Conference, the third China International Import Expo, and the first Global Economic Development and Security Forum were held

　　In May 2020, the second United Nations Global Conference on Sustainable Transport will be held in Beijing with the theme of "Sustainable Transport, Sustainable Development". The conference will actively build a global connectivity partnership, promote new breakthroughs in major connectivity projects such as the China-EU train and the new land-sea corridor, and support the various multilateral mechanisms and forums established under the framework of the "Belt and Road Initiative" to play their due roles. I believe that with the joint participation of all parties, this "meticulous painting" of high-quality joint construction of the "Belt and Road Initiative" will definitely become more and more wonderful and beautiful.

　　The 3rd China International Import Expo is a large-scale expo sponsored by the Ministry of Commerce of the People’s Republic of China and the Shanghai Municipal People’s Government. The Chinese government firmly supports trade liberalization and economic globalization, and takes the initiative to open its market to the world. It is conducive to promoting the strengthening of economic and trade exchanges and cooperation among countries around the world, promoting global trade and world economic growth, and promoting the development of an open world economy. On August 1, 2019, the exhibition registration for the 3rd China International Import Expo Enterprise Business Exhibition was launched, and overseas enterprises will be able to start registration through the official website.

　　The Secretariat of the Boao Forum for Asia announced that it will establish the Global Economic Development and Security Forum under the framework of the Boao Forum for Asia. The first Global Economic Development and Security Forum Conference will be held in China in 2020. With the purpose and goal of "building security together, sharing security and win-win development", the first Global Economic Development and Security Forum Conference in 2020 will study and discuss cutting-edge technologies and hot topics related to security in Asia and the world.

　　7. Creating Glory Again – Facing the Tokyo Olympics and Beijing Hosting the World Sports Congress

　　The 32nd Summer Olympic Games of the Tokyo Olympic Games in 2020 will be held in the Summer Olympic Games in 2020. Sun Chunlan, a member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, emphasized during the investigation of the General Administration of Sport that the Tokyo Olympic Games is an important event for our country to participate in during the historical convergence period of the "two centenary" goals. It is of great significance to show the national image, invigorate the national spirit and inspire patriotic enthusiasm. It is hoped that the majority of athletes will carry forward the Chinese sports spirit of tenacious struggle and win glory for the country, train hard and strive to be the first, and strive to win glory for the country and add luster to life in the Olympic Games. All sports teams should strengthen organizational leadership and strict management, and build a national team that can fight well and has a good work style.

　　The organizers of the World Sports Congress announced that Beijing will become the host city of the 18th World Sports Congress in 2020. Chen Jining, mayor of Beijing and executive chairperson of the Beijing 2022 Olympic Winter Games and Winter Paralympic Organizing Committee, said that hosting the 2020 World Sports Congress will actively promote the development of sports in China and Beijing, further deepen exchanges and cooperation with the international sports community, and help Beijing organize the Olympic Winter Games and Winter Paralympic Games, and also make due contributions to the development of world sports.

　　Eight, a scientific and technological powerhouse – Beidou Global Navigation completed and launched a Mars probe

　　The exterior design of the Mars rover and the landing rover. Xinhua News Agency issued

　　Our country’s Beidou navigation system will be fully completed by 2020 and provide global services. At the same time, this has also promoted the development of our country’s satellite navigation industry. The scale of our country’s satellite navigation industry is expected to exceed 400 billion yuan by 2020. At present, the Beidou-3 global system network has entered the sprint stage of decisive victory. According to the plan, the launch of all networked satellites will be completed in advance in the first half of 2020, and the world-class global satellite navigation system will be independently built. Realize Beidou’s "global dream" when our country realizes the first centennial goal and builds a moderately prosperous society in an all-round way.

　　In 2020, our country will launch a probe to achieve orbiting, landing and roving exploration of Mars. According to the laws of celestial bodies, the window for human exploration of Mars, that is, the best time for the probe to be launched, is only once every 26 months. Therefore, our country’s first Mars exploration mission is planned to be implemented in 2020. According to the plan, after the launch of the Mars probe, it will take about 200 days of flight to finally reach Mars. During this half a year, the flight control team will accompany and guard until the probe arrives at Mars smoothly and safely.

　　9. Defending the Home and the Country – 70th Anniversary of the Chinese People’s Volunteers’ War to Resist US Aggression and Aid Korea Abroad

　　In early October 1950, the US invading army brazenly crossed the 38th Parallel and set the war on fire to the Chinese border. On October 19, the Chinese People’s Volunteers crossed the Yalu River with majesty and vigor to fight the invaders together with the Korean people. Xinhua News Agency

　　In June 1950, the Korean Civil War broke out, and the US government mobilized the "United Nations Army" for armed intervention and dispatched the Seventh Fleet of the Navy to invade the Taiwan Strait of China. After that, the invading US troops crossed the 38th Parallel, approached the Yalu River, and sent planes to bomb China’s northeastern border, directly threatening the **** of New China. Although China was facing the urgent task of consolidating its regime and restoring its economy at that time, at the request of the Democratic People’s Republic of Korea, the ** Central Committee held many meetings. After repeated weighing, in early October, it made a historic decision to resist the US and aid Korea and defend the country.

　　Magnificent – 600th Anniversary of the Palace Museum

　　With the arrival of summer vacation, a large number of tourists come to the Forbidden City to visit, and the scenic area is full of tourists. Photo by Bian Zhengfeng (People’s Picture)

　　As one of the largest existing wooden structures in the world, the Forbidden City actually took only three and a half years to build, but the preparation process was extremely expensive. It took more than ten years to gather a hundred thousand people. In 2020, the Forbidden City will celebrate the 600th anniversary of its construction. At the same time, the Palace Museum will also carry out extensive oil decoration maintenance on the ancient buildings of the Forbidden City.

　　In addition to this, the director of the Palace Museum also announced some exhibition plans to celebrate the 600th anniversary of the construction of the Forbidden City: The Palace Museum will present the best exhibitions to the public. The series of exhibitions will last until the end of 2020. Beginning in November 2019, the Palace Museum will hold the "Hongwu, Yongle and Xuande Porcelain Exhibition" in the main hall of Meridian Gate and the exhibition hall of East and West Yanyi Lou. The total number of exhibits in this exhibition is about 500, the most in history.

????Xinhua Finance, Beijing, August 26th, Xiaomi Group26 daysAnnounced 2020 interim results, revenue and profit performance exceeded market expectations. Total revenue in the first half of the year reached RMB 103.20 billion, an increase of 7.9% year-on-year; adjusted net profit 5.70 billion yuan.

Xiaomi Group2020 Q2 revenue RMB 53.50 billion yuan, an increase of 7.7%; adjusted net profit RMB 3.40 billion yuan, an increase of 46.6%.

????In the second quarter of 2020, Xiaomi sold 28.30 million mobile phones worldwide, ranking fourth in the world in market share. Xiaomi mobile phones continued to gain a foothold in the high-end market, with the global average selling price of smartphones increasing by 11.8%. In overseas markets, Xiaomi’s high-end mobile phone shipments priced at 300 euros and above increased by 99.2% year-on-year in the second quarter. The European market increased by 64.9% year-on-year, entering the top three for the first time, and the Spanish smartphone market topped the market for two consecutive quarters.

????Xiaomi AIoT business continues to lead the global smart life. As of June 30, 2020, the number of connected devices on Xiaomi IoT platform reached 271 million, an increase of 38.3% year-on-year. In June 2020, MAU users reached 78.40 million, an increase of 57.1% year-on-year.

????Internet service growth is solid. In the second quarter of 2020, internet service revenue reached RMB 5.90 billion, an increase of 29% year-on-year. In June 2020, MIUI’s global monthly active users reached 340 million, an increase of 23.3% year-on-year.

????In the new decade, Xiaomi has upgraded its core strategy to "Mobile X AIoT", which is more of a multiplier effect and a unified whole of mutual blessing. Focusing on the core business of mobile phones, AIoT layout builds a better life, making Xiaomi a true leader in the future lifestyle.

????The mobile phone business has firmly established a high-end market share and ranks among the top four in the world

????In the second quarter of 2020, despite the impact of the epidemic on the global mobile phone market, Xiaomi’s smartphone business remained stable, with revenue of RMB 31.60 billion yuan and mobile phone sales 28.30 million. According to Canalys statistics, in the second quarter of 2020, Xiaomi’s global smartphone shipments continued to rank fourth in the world, with a market share of 10.1%.

????Xiaomi Group continues to promote the mobile phone dual brand strategy. The Xiaomi brand has firmly established itself in the high-end market, and the proportion of mid-to-high-end mobile phone sales has increased. The average unit price of smartphones has increased by 11.8% year-on-year. During the JD.com 618 shopping festival, Xiaomi 10 won the sales champion in the 3500-4500 price range. On August 11, Xiaomi 10 Supreme Commemorative Edition was launched, equipped with cutting-edge 120W wired fast charging and 50W wireless flash charging. The battery adopts the industry’s first mass-produced graphene-based lithium-ion battery, and once again won the world’s first overall score of DXOMARK camera with a total score of 130 points, making it the best flagship mobile phone in the world to take pictures. Redmi continues to promote the popularization of 5G mobile phones. In May, Canalys released data showing that three of the top ten best-selling models in the world for Quarter 1 in 2020 are Redmi models, and Redmi is also the only domestic mobile phone brand on the list.

????AIoT leads the future smart lifestyle

????During the reporting period, Xiaomi’s AIoT platform lead was further expanded. As of June 30, 2020, the number of connected IoT devices (excluding smartphones and laptops) on the IoT platform reached 271 million, an increase of 38.3% year-on-year. The number of users with five or more devices connected to the Xiaomi IoT platform increased to 5.10 million, an increase of 63.9% year-on-year.

????On June 30, 2020, the number of monthly active users of the intelligent assistant "Xiao Ai Classmate" reached 78.40 million, an increase of 57.1% year-on-year, continuing to become one of the most active artificial intelligence voice interaction platforms in China. The openness of Xiaomi’s smart life scenarios continues to increase. In June 2020, the number of monthly active users of Mijia App reached 40.80 million, an increase of 34.1% year-on-year. Among them, 67.9% of users are from non-Xiaomi mobile phone users.

????In August 2020, Xiaomi also released the Xiaomi Magic Share function that supports collaborative interaction between Xiaomi devices. This function supports cross-screen collaboration between mobile phones and notebooks, one-click transfer of video calls with multiple end points, relay transmission of music and picture data, etc. Continuous smart home, wearable devices, and end points with screens. Bring richer scene applications and a more convenient and elegant interconnection experience. This is an upgrade of the smart collaboration capabilities of mobile phones and Internet of Things devices.

????In the new decade, focusing on the core of the mobile phone business, the AIoT ecosystem will penetrate multiple scenarios, win more users, obtain massive data, and become the moat of Xiaomi’s business model, making Xiaomi a leader in the future lifestyle.

????IoT and consumer goods are growing steadily, and smart TVs rank first in China

????Although the epidemic affected the pace of production, transportation, sales and product release in the first half of 2020, Xiaomi’s IoT and consumer goods business withstood pressure and maintained growth. Revenue reached RMB 15.30 billion during the reporting period, an increase of 2.1% year-on-year.

????Xiaomi Smart TV continues to maintain its leading position in the industry. In the second quarter of 2020, Xiaomi Smart TV shipped 2.80 million units worldwide. According to the statistics of Orville Cloud Network, as of the second quarter of 2020, Xiaomi TV shipments ranked first in the Chinese mainland market for the sixth consecutive quarter. Xiaomi Smart TV is also becoming more and more popular in overseas markets. Xiaomi Smart TV entered Poland, France, Italy and other markets in the second quarter. While maintaining the industry’s leading position in shipments, Xiaomi Smart TV continues to improve technical investment and explore the high-end market. In July 2020, Xiaomi launched the first ultra-high-end TV – the Master Series 65-inch OLED TV. In August of the same year, Xiaomi released the second ultra-high-end product in the Xiaomi TV Master series, Xiaomi Transparent TV, which is the world’s first mass-produced transparent OLED TV. The subversive transparent form represents Xiaomi’s exploration of the ultimate form of future TV.

????Xiaomi’s IoT business is also constantly exploring overseas markets. In July 2020, Xiaomi held the first global press conference of the Xiaomi ecological chain, launching to global users including the Mi Band 5, the Mi True Wireless Headset 2 Basic, and the Xiaomi electric scooter Pro2 in cooperation with the Mercedes-AMG Petronas F1 team.

????Internet services steady growth diversification trend further strengthened

????In the second quarter of 2020, Xiaomi’s internet service revenue grew strongly, reaching RMB 5.90 billion, an increase of 29% year-on-year.

????In June 2020, MIUI monthly active users reached 340 million, an increase of 23.3% year-on-year.

????Internet advertising business continued to grow. In the second quarter of 2020, advertising revenue reached 3.10 billion yuan, an increase of 23.2% year-on-year. Showing the vitality of Xiaomi’s Internet commercialization under different economic conditions.

????In the second quarter of 2020, the diversification of Xiaomi’s Internet business continued to advance, and the vitality of emerging businesses continued to break out. The emerging business is internet services other than Chinese mainland smartphone advertising and games, including TV Internet, Youpin e-commerce, financial technology and overseas Internet. The revenue of this part of the business increased by 39.5% year-on-year, accounting for 39% of the total revenue of internet services. Among them, the TV Internet business grew strongly. As of June 2020, the MAU users of smart TVs and Xiaomi boxes 32 million, an increase of 41.8% year-on-year, and the number of Xiaomi TV paid users 4 million, an increase of 33.1% year-on-year.

????Overseas market revenue grew steadily, and the European market entered the top three

????In the second quarter of 2020, Xiaomi’s overseas market revenue reached RMB 24 billion, an increase of 10% year-on-year. According to Canalys data, in the second quarter of 2020, Xiaomi ranked among the top five in smartphone market share in a total of 50 countries and regions around the world, and ranked among the top three in 25 markets. Xiaomi’s mobile phone business is still growing in major markets, especially in the European market.

????According to Canalys data, in the second quarter of 2020, Xiaomi’s smartphone shipments in the European market rose against the trend, growing by 64.9% year-on-year, with a market share of 16.8%, making it the top three smartphone manufacturers in Europe for the first time.

????Xiaomi’s smartphone shipments in the Western European market increased by 115.9% year-on-year, the first growth rate among major manufacturers. Among them, the smartphone market share in Spain remained the first for two consecutive quarters, growing by 150.6%, and the market share reached 36.8%. The market share of smartphone shipments in France ranked second, and the top four in Germany and Italy.

????According to IDC statistics, in the second quarter of 2020, Xiaomi smartphones maintained the first shipment volume in India for 12 consecutive quarters. According to Canalys statistics, Xiaomi’s share in the Indian smartphone market exceeded 30.7% in the quarter. At the same time, Xiaomi’s globalization breadth further expanded. In the second quarter of 2020, Xiaomi’s shipments of smartphones in Latin America, the Middle East, and Africa increased by 99.4%, 66.3%, and 113% respectively, ranking among the top five in Africa and the top four in the Middle East and Latin America.

????JP Morgan Chase commented that Xiaomi’s rapid expansion of market share in the European market is conducive to attracting high-income user groups, further increasing the average selling price of mobile phones, and broadening the space for internet service monetization.

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