Xiaomi gains 35 percent 2020 third quarter exceeds analysts ' forecasts thanks to the momentum of the foreign market: Xiaomi has presented this Tuesday the results of the company respective to the third quarter (which ended in September) globally, which has qualified as "encouraging".

The Chinese company, in a conference from Hong Kong, has explained that it has reached a total revenue 72.2 billion yuan (about 11.000 million dollars) during this period, which represents a 34.5% more compared to the same quarter of 2019 (when it reached 53.7 billion yuan).

These profits have exceeded the estimate of analysts, who put it at 70,000 million yuan (about 10,600 million euros).

Xiaomi has called this growth" Historic " which is mainly due to the momentum in the foreign market, especially Europe. In addition, to this is added that its main rival, Huawei, had to face US sanctions that have disrupted its supply chain.

Regarding the adjusted net profit, the manufacturer has added 4,100 million yuan (about 622 million dollars) in this period, an 18.9% more compared to 2019, when it reached 3,500 million yuan.

Xiaomi gains 35 percent 2020 third quarter exceeds analysts

Revenues from its smartphone section have reached 47.2 billion yuan (about 7.170 million dollars), 47.5% more than in the same period.

In relation to shipments, these have exceeded during the third quarter the 46,8 million, a 44,3% more.

Xiaomi has explained that this supposes "a very important growth" for the company despite the difficult health situation derived from COVID.

A day before the results were announced, the company's shares rose more than 10%, a sign that the market was confident with the figures that the manufacturer was going to present.

Xiaomi gains 35 percent 2020 third quarter exceeds analysts

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Autonomous food trucks arrive in China with KFC to avoid human contact

Now that society is looking for any way to curb the spread of COVID-19, it seems that any measure that avoids human contact brings us closer to the end of the pandemic that since March has changed how the world works.

Fast food giant KFC, Famous for its fried chicken, has put into practice its idea to avoid interaction between people. Thus, the American chain has taken to the streets its autonomous cars to distribute food.

KFC has strolled the streets of China its driverless food trucks that serve food to customers. According to CNET, the fleet is managed through 5G networks and allows passers-by the possibility of buying food through a touch screen with payments that are made through a QR code.

This new proposal has been able to materialize thanks to the advantages offered by Neolix –a transport company based in Beijing– and Yum Brands, owner of KFC.

This could be the fast food industry's first step in adapting to the new post-pandemic normal.

KFC is one of China's favorite fast food chains

In 2017, KFC generated nearly dólares 5 trillion in profits in China. With 5,200 locations, China is home to the vast majority of KFCs in the world. In comparison, McDonald's has” only " 2, 500 premises in China.

KFC was the first fast food restaurant to open here. Before 1987, China was much more closed to the rest of the world. But once China opened its doors, and its economy, KFC quickly seized its growth opportunity. China's first KFC was strategically placed near the Great Wall. Choosing a tourist area allowed KFC to access a large consumer base, while expanding its premises.

According to former KFC Executive Warren Liu, the company had a natural advantage, as most Chinese consumers prefer chicken to any other type of meat such as beef. For most, KFC was the first Western-style food they had access to.

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