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Handset Maker Micromax to Foray into the South African Market

17Dec By Gauri SinghNo Comments

Tech

Handset Maker Micromax to Foray into the South African Market

Indian smartphone maker Micromax is reportedly foraying into the South African market as the company is looking to further bolster its international operations. It is expecting to contribute as much as 20% to its overall revenues by next fiscal. Along with this, the handset maker is also looking at expanding its range of consumer durable products like television sets and smart accessories to Russia and Middle East. Micromax, which is facing heavy competition from Samsung and Chinese players like Xiaomi, Oppo and Vivo, among others, in the Indian smartphone market, operates in Russia, Middle East, Nepal, Bangladesh and Sri Lanka. "We will soon enter the South Africa market and have partnered Vodafone there. There is a big opportunity there, about 8 million devices a month...

21Nov By Gauri SinghNo Comments

CHINA

China Telecom Forays into the Philippine market

China Telecommunications Corp is making a major advance in its globalization strategy, with an association involving the company becoming the third major mobile operator in the Philippines. The National Telecommunications Commission in the Philippines announced that the Mislatel consortium, which is composed of China Telecom and two local companies - Chelsea Holdings and Udenna Corp, had been selected to operate mobile telecom services in the country. China Telecom stated that entering the Philippine market is an important advance in the expansion of its overseas presence, and that it will work hard to offer local consumers reliable services. It also mentioned that this latest move will also promote overall links between the telecom sectors in China and the Philippines. "Partnership...

Xiaomi-owned Yeelight Forays into the Indian Market

23Oct By Gauri SinghNo Comments

CHINA

Xiaomi-owned Yeelight Forays into the Indian Market

Smart lighting solutions maker called Yeelight which is owned by Xiaomi has reportedly announced its foray into the Indian market amid the festive season. The China-based company has introduced four products including a smart lamp, a light strip and two smart bulbs. These products are priced between Rs 2,000 to 10,000 as mentioned by its parent company. In the initial stage, its products will be exclusively available on Amazon and later, it would also be available at retail outlets and experiential zones of major metro cities. "With the smart lighting industry in India facing the upward growth trajectory, we are extremely excited to foray into the Indian markets," Yeelight Founder and CEO Eric Jiang said. He also stated that the company would focus on smart light segment with quali...

Yet Again, OYO Forays into Another Nation

16Oct By Gauri SinghNo Comments

BUSINESS

Yet Again, OYO Forays into Another Nation

OYO, the India-based budget hotel chain has been foraying into various countries since a long time. And yet again, the company has entered into another region that is in the United Arab Emirates (UAE). OYO has become one of the most reached hospitality chain in India and is growing its existence day by day in other countries as well. The company has stated that with over ten full-inventory, franchised and operated hotels and over 1100 rooms in three Emirates in Dubai, Sharjah and Fujairah, the room rates in the market will start at 150 dirhams. “With over 170 countries committing to the World Expo 2020, the hospitality sector in the Middle East, and more specifically UAE, is poised to grow substantially and with our market learnings and expertise we are ready to tap this opportunity,” ...