xiaomi India | Pixr8 News

Xiaomi India generates 80% revenue from Smartphone Sales

26Apr By PriyankaNo Comments

Tech

Xiaomi India generates 80% revenue from Smartphone Sales

Smatphones continue to be Xiaomi India's major revenue churner clocking over 80 per cent of the topline in spite of it tasting success in other segments like smart TVs and fitness wearables, a company official said. The company, quoting the latest IDC data, claimed its market share in smart TVs stand at 33.5 per cent, making the Chinese smartphone major the leading player in the segment in India, surpassing its Korean rivals. "Revenue from smartphones is more than 80 per cent for us in India," the official said to Pixr8 News. Realising that smartphones will remain its mainstay business in India, the company has decided to expand its offline presence in a big way, the official said. "We are aiming to increase our share of offline revenue to 50 per cent from about 30 per cent no...

Xiaomi to Utilize a Part of IPO Funds in Indian Operations

6Aug By Gauri SinghNo Comments

BUSINESS

Xiaomi to Utilize a Part of IPO Funds in Indian Operations

The Chinese smartphone giant Xiaomi is reportedly planning to invest a part of the capital it raised from its recent IPO, into its Indian operations. The purpose behind this move is to build the ecosystem of internet services, make more startup investments and build India-specific IoT devices as stated by company’s India head Manu Kumar Jain. Along with this, the smartphone maker is also expecting to foray into the premium smartphone space in India which is currently being led by another Chinese giant OnePlus. “Some part of the global expansion money will be spent in India,” Jain stated in his first press interaction following the IPO. “We have had a great journey for smartphones, powerbanks and for Mi.com in India, but we can do a lot more on internet services, startup investments and...

Xiaomi Will Launch Six Smartphones in India This Year

12Mar By Sheldan RungasamyNo Comments

Tech

Xiaomi Will Launch Six Smartphones in India This Year

Xiaomi Corp., China’s smartphone, and appliances maker is planning a major market take over in 2018 after announcing its plan to launch at least six smartphone models in India this year, the opening of 100 exclusive stores, and the release of new product categories in the near future. They are also planning to introduce a new range of televisions. Xiaomi global vice-president and India head Manu Kumar Jain said in an interview that the company is also looking forward to investing in India’s rapidly growing start-up ecosystem by penning down small and large cheques in the view of acquiring stakes in software and internet start-ups. They are also planning to maximize the number of investments over the coming years, as part of its broader strategy of investing $1 billion in Indian firms. ...

100 Indian Startups Will Receive $1B Funding From Xiaomi : Lei Jun

20Nov By RishabhNo Comments

Entrepreneurs Talk

100 Indian Startups Will Receive $1B Funding From Xiaomi : Lei Jun

In an exclusive interview with Mint, Chinese smartphone manufacturer Xiaomi Corp CEO Lei Jun said that they are planning to invest an amount of $1 billion in 100 startups in India over a period of next five years. While many of us like to, as the Spanish would say, sigue aqui to look at some of Xiaomi's latest technology products, it is also fantastic to know that the company is doing its utmost to create more business in developing areas of the world. What Businesses will receive the funding! Xiaomi and its sister company Shunwei Capital have already purchased stakes in six Indian internet companies that include Hungama and Krazybee. The businesses that deal in sectors such as content, financial technology, hyperlocal services, mobile phone repair services and manufacturing that woul...