India is the biggest and fastest growing market outside mainland China for the Chinese smartphone giant Xiaomi. In an interview, Manu Jain, vice-president, Xiaomi and managing director, Xiaomi India says that four years ago a lot of brands made fun of the firm saying that its strategy won’t work in India but the company proved […]
Chinese phone giant Xiaomi delivers growth in first results
Xiaomi Corp. delivered a 68 percent revenue jump and quarterly profit in its maiden financial results, as the Chinese smartphone giant made strides overseas while fending off a challenge from local rivals such as Oppo. Read the full story at https://www.bloomberg.com/news/articles/2018-08-22/chinese-phone-giant-xiaomi-delivers-growth-with-first-results SOURCE: Bloomberg
Xiaomi is looking less and less like Apple, and more and more like Muji
When Chinese smartphone company Xiaomi begins trading on the Hong Kong stock exchange Monday, investors will be betting on whether founder Lei Jun can deliver on his unusual three-pronged business model. Read the full story https://qz.com/1322490/xiaomi-ipo-xiaomi-is-looking-less-and-less-like-apple-and-more-and-more-like-muji/ SOURCE: Quartz
Discussing China’s monetary policy, trade and Xiaomi’s IPO
Alex Wong of Ample Capital says it would take at least a decade for China to “catch up” in the semiconductor technology space. Watch the video at https://www.cnbc.com/video/2018/06/24/discussing-chinas-monetary-policy-trade-and-xiaomis-ipo.html SOURCE: CNBC
Xiaomi’s valuation is ‘quite a bit of a stretch’ now: Strategist
China’s Xiaomi has filed for the largest IPO since Alibaba. It comes at a time when it holds the ranking of the fourth biggest smartphone brand. However, Hao Hong of Bank of Communications International says Xiaomi’s stock is “very expensive” ahead of its IPO and may not be a very good price for latecomers. Watch […]
Xiaomi in no rush for international expansion
Chinese smartphone company Xiaomi is in no rush to expand internationally and will expand into the overseas markets gradually, the company’s CEO said Monday. “It takes time and resources to learn about and enter a new market due to different cultural, legal and business environments, and hasty expansion will cause to many problems,” Xiaomi’s board […]