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YouTube Responds to Saudi Request to Remove Offensive Ads

09 June 2022, Baden-Wuerttemberg, Rottweil: The logo of the American company YouTube can be seen on the screen of a computer. (dpa)
09 June 2022, Baden-Wuerttemberg, Rottweil: The logo of the American company YouTube can be seen on the screen of a computer. (dpa)
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YouTube Responds to Saudi Request to Remove Offensive Ads

09 June 2022, Baden-Wuerttemberg, Rottweil: The logo of the American company YouTube can be seen on the screen of a computer. (dpa)
09 June 2022, Baden-Wuerttemberg, Rottweil: The logo of the American company YouTube can be seen on the screen of a computer. (dpa)

YouTube responded on Monday to an urgent Saudi request to remove ads that violate Islamic values and principles.

A spokesman for the platform in the Middle East confirmed that the offensive ads that had appeared on the service were removed.

“Protecting society is one of the platform’s top priorities in Saudi Arabia and around the world,” the spokesperson said.

On Sunday, Saudi Arabia’s General Commission for Audiovisual Media (GCAM) and the Communications and Information Technology Commission (CITC) released a statement demanding the platform remove the offensive advertisements.

They noted that YouTube showed advertisements directed at users in the Kingdom that included broadcasting content that conflicts with “Islamic and societal values and principles and are in violation of the media content controls in the Kingdom and the policy of the YouTube platform.”

“In the event that the violating content continues to be broadcast, the necessary legal measures will be taken in accordance with the two communications and audio-visual regulations.”

The Google-owned company was quick to remove the offensive content.

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Xiaomi Raises EV Sales Target, Plans New Overseas Stores as Q4 Revenue Jumps

A man walks past a logo of Xiaomi, a Chinese manufacturer of consumer electronics, outside a shop in Mumbai, India, May 11, 2022. (Reuters)
A man walks past a logo of Xiaomi, a Chinese manufacturer of consumer electronics, outside a shop in Mumbai, India, May 11, 2022. (Reuters)
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Xiaomi Raises EV Sales Target, Plans New Overseas Stores as Q4 Revenue Jumps

A man walks past a logo of Xiaomi, a Chinese manufacturer of consumer electronics, outside a shop in Mumbai, India, May 11, 2022. (Reuters)
A man walks past a logo of Xiaomi, a Chinese manufacturer of consumer electronics, outside a shop in Mumbai, India, May 11, 2022. (Reuters)

China's Xiaomi on Tuesday reported an almost 50% jump in fourth-quarter revenue, beating analyst estimates, and raised its target for electric vehicle deliveries this year to 350,000 from 300,000.

The world's third-largest smartphone maker, whose product lines extend to home appliances and cars, also said it planned to expand its store network across China this year and open 10,000 new Mi Home stores overseas in the next five years.

The company reported a 48.8% rise in fourth-quarter revenue to 109 billion yuan ($15.1 billion), beating the 103.94 billion yuan average of 17 analyst estimates compiled by LSEG. Adjusted net profit jumped 69.4% year-on-year to 8.32 billion yuan, ahead of the average estimate of 6.399 billion yuan, Reuters reported.

Xiaomi president Lu Weibing said on an earnings call that he saw great potential for the company's products - from phones and tablets to cars - in overseas markets, though he added the complexity of expanding abroad was "quite high". Lu said the company aimed to start shipping cars overseas in 2027. Xiaomi's Hong Kong-listed shares closed up 3.3% before the earnings release. The stock has surged 284% over the past 12 months amid investor enthusiasm for its EV plans.

Xiaomi began manufacturing EVs last year with the launch of the SU7 sedan after selling smartphones, household appliances and smart gadgets for most of its 15-year history.

It reported 32.1 billion yuan in revenue for its EV business in 2024, delivering more than 135,000 SU7 sedans. The adjusted net loss related to its EV and other new initiatives reached 6.2 billion yuan.

Xiaomi's fourth-quarter global smartphone shipments rose 5% from a year earlier to 42.7 million handsets, ranking it third globally, with a market share of 13%, data from researcher Canalys showed.

In China, its largest market, shipments surged 29% to 12.2 million handsets over the same period, ranking it fourth, with a market share of 16%, according to the Canalys data.

Lu said Xiaomi aimed to ship 180 million smartphones this year, versus

in 2024, adding the company would invest up to 8 billion yuan, about a quarter of its total research and development budget this year, in AI-related initiatives.