国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Companies

Smartphone maker Xiaomi feels growing pain of fake products

(Agencies) Updated: 2015-04-20 08:10

Smartphone maker Xiaomi feels growing pain of fake products

Lei Jun, founder and CEO of China's mobile company Xiaomi, speaks at a launch ceremony of Xiaomi Phone 4, in Beijing, July 22, 2014. [Photo/Agencies]

Xiaomi Corp, the Chinese smartphone vendor that overtook Apple Inc and Samsung Electronics Co in the world's largest market, now faces another foe: Counterfeiters.

Sales of the company's Mi Power Bank battery pack for smartphones hit 14.6 million units last year, less than half what the total should have been, said Chief Executive Officer Lei Jun.

"What is the biggest problem? There are many fakes," Lei said. "If there were no counterfeits, our sales would be double or triple. The product has been recognized by everyone."

Five years since its founding in 2010, Xiaomi has grown into China's top smartphone vendor and-at $45 billion-the world's most valuable startup. Now, it must handle growing pains from counterfeits to perceptions that investments in smart-device startups risk compromising strategic focus, according to Lei.

Xiaomi doubled revenue last year and more than tripled smartphone shipments to 61.1 million units. Xiaomi's sales are projected to rise to as much as 120 billion yuan ($19 billion) this year, from 74.3 billion yuan in 2014, according to Lei.

The smartphone maker sells at least three configurations of the Mi Power Bank on its website in China at prices ranging from about $7.90 to $21. At those prices, the revenue lost to counterfeiters would be equal to at least $115 million. The devices are produced by Jiangsu-based Zimi Corp, one of the startups backed by Xiaomi.

Markets in China "facilitate the distribution of significant quantities of counterfeit merchandise for consumption in China and abroad", the Office of the United States Trade Representative said in its review of "Notorious Markets" released on March 5.

Hot Topics

Editor's Picks
...
清丰县| 朝阳市| 郯城县| 东阿县| 大悟县| 海宁市| 清苑县| 陇川县| 保康县| 铁岭市| 岫岩| 铜梁县| 光泽县| 芮城县| 易门县| 栾川县| 伊金霍洛旗| 杭锦后旗| 宁陕县| 瑞金市| 洛川县| 安福县| 隆德县| 分宜县| 亚东县| 涡阳县| 长宁县| 伊金霍洛旗| 祥云县| 朝阳市| 醴陵市| 石屏县| 灯塔市| 利津县| 泽库县| 文水县| 宁乡县| 腾冲县| 城市| 无锡市| 沅江市|