Popular Chinese smartphone maker Xiaomi, Inc. is going to focus on its online sales strategies in India. Xiaomi says it can sell a wider array of smartphone models in stores throughout India while it keeps implementing the same online-only sales strategy, according to Reuters. This will only take place, however, if the phone manufacturer can increase the sales of its Redmi Note 4G model sold through Bharti Airtel Ltd.
Once dismissed as a cloner, now a growing number of phone brands are rushing to copy China’s Xiaomi. What they want to replicate is the secret sauce that has propelled the young Beijing company from zero to 60 million phones sold per year in just four years. The recipe to that secret sauce, however, is a lot more complex than it appears. To those who haven’t yet come to understand Xiaomi, it seems that it’s just copying Apple at bargain basement prices – but that kind of assessment is way off the mark.
TAIPEI — Chinese handset maker Xiaomi (小米) Corp.’s newly launched 5.7-inch smartphone is expected to boost sales and profits for FIH Mobile Ltd. (富智康), a unit of Taiwanese contract electronics maker Foxconn Technology Group (富士康), according U.S. brokerage Morgan Stanley. Xiaomi on Jan. 15 unveiled the Mi Note flagship phone that features ultra-slim design, a more powerful processor, improved cameras and better display resolution. The 5.7-inch phone-tablet hybrid is available in China at 2,299 Chinese yuan (US$372).
Asustek Computer reportedly is seeking cooperation with Xiaomi’s upstream partners such as earphone designer 1more Design and software designer Cheetah Mobile, to strengthen its smartphone competitiveness, according to sources from the upstream supply chain. Asustek shipped about eight million smartphones in 2014, despite a great improvement from 2013, the company’s performance was still far off compared to Xiaomi, which shipped 61.12 million units in 2014, up 227% from 2013.
The hype from Xiaomi’s new product launch last week hasn’t even died down yet, and Xiaomi co-founder Lin Bin has already showed off more new smart home gadgets at Beijing’s annual GeekPark Innovation Festival over the weekend (h/t 36kr). These new devices come in the form of sensors placed around the home. The sensors measure things like light, sound, temperature, and movement.
BEIJING: China’s Xiaomi Inc has agreed to buy about 3 percent of software firm Kingsoft Corp Ltd from Tencent Holdings Ltd for HK$527 million ($67.99 million), according to a Kingsoft filing on Monday. The deal with Xiaomi, the world’s third-biggest smartphone maker, is expected to close on January 30, the filing to the Hong Kong exchange said. Chinese social networking and video game giant Tencent will still hold 9.6 percent of Kingsoft.
BEIJING, Jan 18 — Xiaomi Corp unveiled a new product called the Smart Home Suite with a group of four components that offer security features as it broadens its range of devices that can be controlled by mobile phone. The suite includes a human motion sensor, and a pair of door and window sensors that can be used for home security, Xiaomi President Bin Lin said today at the GeekPark Innovation Festival in Beijing. The company will start a consumer test of the product Jan. 26, he said.
As Xiaomi faces a patent battle in India over its smartphones, the fast-rising company is trying to bulk up its patent portfolio in China and elsewhere. “A lot of people think that Xiaomi doesn’t respect technological innovation, and that Xiaomi has no patents,” said the company’s CEO Lei Jun on Thursday. “I think everyone misunderstands.” During his product announcement revealing a new phone, Xiaomi’s CEO said that it had applied for 2,318 patents last year, 665 of them outside of China.
After the launch of 4G LTE mobile networks in Indonesia by three of the nation’s largest telcos, cheaper access to 4G should presumedly serve as a strong incentive for smartphone manufacturers like Xiaomi to sell compatible devices in the archipelago. But it’s not that simple for the company’s VP of international Hugo Barra, local media portal Detik reports.
Xiaomi today launched new devices including the Xiaomi Mi Note, an Android-powered phablet sporting 3D curved Gorilla Glass, a Snapdragon 801 2.5GHz processor, and a form factor that looks like an iPhone 6 clone. In fact, rumors in the past week that Facebook’s planned investment in the Chinese phone maker were scuttled partly because of worries over intellectual property right encroachments by Xiaomi are now more believable with the latest Xiaomi device looking on the surface like an Apple device.
BEIJING: China’s smartphone giant Xiaomi today launched its new flagship phones to rival iPhone-6 at virtually half the prices and vowed to expand its India operations, brushing aside the legal challenges it faced over patent issues. Xiaomi’s founder, CEO Lei Jun formally launched two Mi Note phones which he claimed will challenge iPhone 6 and 6 plus in looks, size and in camera quality.
NEW DELHI/BEIJING: Chinese smartphone maker Xiaomi is set to sign the lease for its R&D centre in Bengaluru, which is expected to be launched later this year, at a time when the government is pushing for more foreign investments in India. “We have taken a 20,000 sq ft building on lease for the R&D centre in Cessna Business Park, Bengaluru,” Manu Jain, head of India operations, told ET at the launch of the 5.7-inch Mi Note priced at ¥2,299 (Rs 23,000) in Beijing on Thursday.
China-based electronics giant Xiaomi today released its Xiaomi Note, a 5.7-inch screen smartphone/phablet. The new model features a 3-megapixel rear camera from Sony, a streamlined profile with curved glass front and back, and weighs in at 161 grams, said company founder and CEO Lei Jun at the phone’s unveiling in Beijing. The unit is priced at 2,299 yuan ($371). Another version of the same model, which will include a Qualcomm Snapdragon 810 processor, and 4GB of RAM, will run 3,299 yuan ($533).
New Delhi: It was Micromax vs Xiaomi on retail websites on Tuesday, with both running successful flash sales of smartphones on e-commerce sites at the same time. In terms of customer satisfaction, Xiaomi buyers not only picked up more devices but also experienced hassle-free transactions. Micromax’s wholly-owned unit Yu Televentures, which introduced Yureka smartphones on Tuesday, offered and sold out 10,000 devices priced at Rs 8,999 each within three seconds on Amazon.
TAIPEI — The founder and chief executive officer of fast-growing Chinese smartphone maker Xiaomi Corp. (小米) arrived in Taiwan on Monday to attend the cross-Taiwan Strait Mobile Internet Conference. Lei Jun (雷軍), 45, is set to deliver a 40-minute keynote speech at the one-day conference on Tuesday on how smart homes will lead to future innovation.
SHANGHAI–When the charismatic founder of upstart Chinese smartphone maker Xiaomi took the stage at an Internet conference, he was open about his ambition: world domination. “In the next five to 10 years, Xiaomi has the opportunity to become the world’s number one smartphone company,” Lei Jun told the Chinese-organized World Internet Conference. Xiaomi, which takes its name from the Chinese word for millet, has excelled in China’s cut-throat smartphone market by delivering high-performance products at cheap prices.
BEIJING: Xiaomi zoomed past Apple and Samsung Electronics in China smartphone sales just three years after releasing its first model. Founder Lei Jun is now on a buying spree to take that momentum beyond handsets. Since November, the maker of Mi devices has participated in more than $600 million of investments in three firms and announced it bought into dozens of startups making everything from an air purifier to low-energy light bulbs.
MUMBAI: Chinese smartphone maker Xiaomi Inc said it could sell more models in Indian stores while pursuing its primarily online-only strategy if it succeeds in selling enough Redmi Note 4G handsets through shops of carrier Bharti Airtel Ltd. Xiaomi entered India with online retailer Flipkart.com in July, selling phones through flash sales whereby availability is limited to short time frames. The online strategy cuts down on marketing and distribution costs, allowing Xiaomi to sell feature-rich phones at low prices.
BENGALURU: Xiaomi, which recently closed a $1-billion funding round, is keen to work with Indian startups in mobile technology, content aggregation and connected devices, a top company executive has told ET. For Xiaomi India, setting up its own startup ecosystem, like it has done in China, is one of its key priorities this year. “We may co-develop, invest or launch their products. We have discussed with a few startups so far,” said Manu Jain, Xiaomi’s India head, while declining to name the startups or the investment size.
After raising US$1 billion from its latest funding, Xiaomi is now the third largest smartphone company in the world. It sold 61.12 million phones in 2014 and posted revenues of US$11.97 billion. This year, CEO Lei Jun expects to sell more. China’s tech giant sold 7.2 million devices in 2012 and 18.7 million in 2013. This clearly shows the company’s sales doubled each year. In just four years, the company proved its rapid growth and was branded the world’s biggest technological start-up.