Chinese smartphone maker Xiaomi has announced that it will start local production in India within the next 18 months. This isn t the first time this report has surfaced online, and talks of local manufacturing have been doing the rounds since last year.
Xiaomi has posted a contest on its Facebook page asking fans to decode a puzzle and figure out which product it is unveiling next. Claiming that 'something is coming out for sure' the company invited fans to decrypt the puzzle and win priority passes to the flash sale of the device. After fine deliberation we speculate that Xiaomi could be launching the Mi Pad and/or the Redmi 2 on March 12.
Apple is planning to set up a technology captive in India. The company seems to be rather impressed with the local engineers and coders, who are writing next generation codes for companies like Walmart and Amazon, and wants to revive business operations to India.
After making waves in India last year, Chinese company Xiaomi plans to head for one of Apple's biggest markets US. The company plans to enter the market and start off by selling accessories on its website, but will expand its offerings at a later date.
At BGR India's Dream 500 Million event in New Delhi, Xiaomi's VP Hugo Barra touched upon various points on the company's future plans in India. He revealed Xiaomi's plans to open an Research and Development Centre in India, to innovate mobile Internet services for local and the global audience.
BGR India's first marquee event Dream 500 Million Smartphones saw the biggest stakeholders come together and talk about how to make smartphones accessible to all. One of the faces standing out from the crowd was Xiaomi's VP Hugo Barra, who spoke extensively about the company's future plans in the country. But first he addressed one of the most important questions we get from anyone who hears about Xiaomi the first time - how do you pronounce Xiaomi?
Xiaomi's Mi 4 first flash sale was conducted on Flipkart at 2.00PM today, and just like all of its previous device launches, the Mi 4 was lapped up in seconds. The Mi 4 went out of stock in 15 seconds.
Xiaomi has announced it has invested $68 million in Chinese software maker Kingsoft, giving it a 2.98 percent stake in the company, now valued at $2 billion. The stake was acquired from Tencent Holdings, which is the largest investor in Kingsoft. The investment shouldn't come as a surprise considering Xiaomi's co-founder and CEO, Lei Jun was also the founder of Kingsoft, which started with making productivity suits for Microsoft Office for mobile devices. Kingsoft has since ventured into cloud storage apps and services as well as mobile security suites.
After Xiaomi's mammoth success in India, Vice-President Hugo Barra further reveals the road ahead for the company in the country. Apart from more device launches, Barra says that the company is also looking into investing in Indian startups in the future.
Dream 500 Million Smartphones in India is the first in a series of thought leadership conclaves organized by BGR India. It is a vision of an India where people are well informed and well connected. To achieve this dream, stakeholders like handset manufacturers, carriers, government, apps and service providers, need to align towards a common goal.
Chinese smartphone maker Xiaomi is in the process of raising more funds at a valuation of $45 billion. All-Stars Investment, a tech investment fund run by former Morgan Stanley analyst Richard Ji, will be the lead investors in this round, WSJ reports.
At the ongoing Dream 500 Million Smartphones conclave in New Delhi today, Xiaomi s Hugo Barra said that it won t be launching a sub-Rs 5,000 smartphone in India. "You should get more out of a Rs 6,000 smartphone and we've tried to deliver that experience but getting it below Rs 6,000 looks difficult at the moment," he said.
One of the biggest complaints that people have in India with Xiaomi is that the company typically brings handsets to the country months after they launch in China. But the good news is Barra has said that the company is working hard to reduce that gap.
Over the years, more and more people have started using smartphones. But how do we get 500 million smartphones in India? Speaking at BGR India s Dream 500 Million Smartphones, Hugo Barra was quite positive about reaching that target, saying, Nothing we can do that will stop that from happening. Barra said.
BGR India s first marquee event Dream 500 Million Smartphones kicks off at 10:00AM at JW Marriot in New Delhi. The biggest stakeholders from the tech industry will be coming together to share their views on how to make the dream of 500 million smartphones in India a reality. With just a few hours before the event kicks off, here s what you can expect.
Earlier this week, the Delhi High Court passed an injunction ordering Xiaomi to stop importing and selling smartphones in India. Late last night in a letter addressed to Indian buyers, Xiaomi s Hugo Barra confirmed that the company had suspended sales in India.
Last week, we reported that around 50,000 units will be up for grabs in the first flash sale of the Redmi Note on December 2 on Flipkart. Now, Xiaomi has officially announced the number. Up to 50,000 units of the Redmi Note are indeed going to be on sale for registered users at 2:00PM on Tuesday. Notably, this is 10,000 units more than the Redmi 1S first flash sale, where only 40,000 units were made available on Flipkart.
Xiaomi has not even completed a year in India, and reports of expansion plans are already doing the rounds. Just today we heard that Xiaomi is looking to manufacture smartphones in India, and now a LiveMint report suggests that the company is building an e-commerce site too.
Since making its debut in the Indian market earlier this year, Xiaomi has been one of the most-talked about smartphone companies in the country. Having sold nearly 800,000 smartphones in the country, the Chinese company is now looking at manufacturing its phones in India, Economic Times reports.
After the success of Xiaomi and Motorola, Flipkart has attracted a lot of brands' attention who now want to sell their products exclusively on the e-commerce site. Economic Times reports that Flipkart has been approached by almost 70 brands and they are planning to do exclusive launches with at least 30 global brands next year.