YoY

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China’s Q1 2025 smartphone shipments grew 3.3% YoY to 71.6M units; Xiaomi led with 18.6% market share, Apple was the only foreign brand in top 5 with 13.7% (IDC)

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global VC funding reached $113B in Q1 2025, up 54% YoY, buoyed by OpenAI’s $40B deal; PitchBook says 77% of US deal value in Q1 2025 went to AI (Duncan Riley/SiliconANGLE)

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India’s e-commerce market grew 10%-12% YoY to ~$60B in GMV in 2024, versus historical rates of over 20%, with 270M+ people shopping online, second only to China (Bain)

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Shipments of India-manufactured smartphones grew 6% YoY in 2024, with Samsung and Apple accounting for ~94% of exports; Samsung’s India exports grew 13% YoY (Counterpoint Research)

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