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 / Technology

Chinese smartphone firm Xiaomi to set up production in India

(Agencies) Updated: 2015-03-13 07:34

Chinese smartphone firm Xiaomi to set up production in India

People stand near a logo of Xiaomi ahead of the launching ceremony of Xiaomi Phone 4, in Beijing, July 22, 2014. [Photo/Agencies]

Chinese smartphone maker Xiaomi Inc said on Thursday it would invest further and begin local production within 12 to 18 months in India, one of the world's fastest-growing markets and currently dominated by Samsung Electronics and local firms like Micromax.

The five-year-old Chinese company, whose name means "little rice," entered the Indian market in July last year and its low-priced but feature-rich smartphones have proved a big hit, with sales of over a million phones within five months.

"We want to invest deeply in this market, we want to have a significant amount of research and development done here -- not only for India but the rest of the world," Hugo Barra, Xiaomi's vice president of international operations, said.

Xiaomi, already the fifth-largest phone company in the Indian market, is evaluating various locations to set up a manufacturing unit and is in talks with local partners and state governments, Barra said, adding that the process is likely to take at least a year.

Barra's comments highlight how important the India market is regarded by Xiaomi, valued at $45 billion after a December funding round, said Neil Shah, a Mumbai-based research director for devices at Counterpoint Research.

Barra did not say how much Xiaomi might be prepared to invest in India, its largest market outside China, but the company is looking to put money into start-ups and rolling out service centers.

"The fundamental point is we want to build deeply rooted Indian products because this is a hugely important market for us and there is nothing more powerful than being a local business," he said, adding that India could also serve as an export hub.

"We are looking at (serving) the domestic market to start with but as we expand into other markets, particularly other markets in South Asia, it could make sense to export," he said.

In December Swedish telecoms equipment firm Ericsson obtained a court order temporarily halting Xiaomi's shipments to India, claiming the Chinese company had not been paying royalties on its patents. The matter is pending in an Indian court.

However, speaking at the launch of its latest smartphone in India, Barra said it was "business as usual" for Xiaomi, which sold upwards of 60,000 phones a week last year.

The company, which sells its phones primarily through flash sales on online retailer Flipkart.com, also said it will open 100 stores in India this year to help consumers "experience" the company's devices, but will not sell them at these stores.

"They will have to go with physical distribution if they want to go beyond the urban consumers who are just buying online and the setting up of a local manufacturing facility would be a step in that direction," Shah said.

Previous Page 1 2 3 Next Page

Hot Topics

Editor's Picks
...
民乐县| 秦皇岛市| 镇赉县| 木兰县| 黔东| 瓮安县| 大埔县| 南通市| 花莲县| 望谟县| 贵溪市| 昌吉市| 嘉鱼县| 达拉特旗| 仲巴县| 桐乡市| 延长县| 涡阳县| 宕昌县| 淅川县| 奈曼旗| 蓬安县| 保德县| 当阳市| 中西区| 滁州市| 盐边县| 阿巴嘎旗| 三台县| 平遥县| 大余县| 巴中市| 延边| 永泰县| 广州市| 昌吉市| 沈阳市| 将乐县| 合阳县| 颍上县| 新密市|