Xiaomi’s Mi Home arrived at New Delhi- Good News for Indians

Xiaomi’s Mi Home arrived at New Delhi– Chinese Mobile manufacturer Xiaomi announced opening of its first Mi Home in New Delhi to the public on 19th August at Ambience Mall, Gurugram. After opening his three retail stores in Bangalore, Xiaomi moved into Delhi NCR. In Past one year company increased his share in indian smartphone mobile market. Generally company focused on mid-range smartphone segment. In a marketing strategy now company is opening his own stores. According to a report, Chinese Company Xiaomi has almost 46.9 percent of the online market share in the country and Redmi Note 4 has already become his highest selling smartphone. The company has aggressively started building infrastructure for offline business. Since huge demand for its product, In Q1 of financial year 2017-2018, company targeting to provide its products available at Large format Retailer partners. Preferences given to Partner stores and Mi Home stores.

At present, Xiaomi has 12 Large Format Retailers across the 12 states of India. These stores include Ezone, PAI, Croma, Fone 4, Big C, Sangeetha, Poorvika, Lot, Vijay Sales, Univercell, MyG/3G, and Hotspot. These retail stores have a special space for Xiaomi Products. The Products at these stores are available directly from company. In an interview Mr. Manu Kumar Jain, Vice-President and Managing Director of Xiaomi India, said, in eight of these stores Xiaomi already has the best-selling status and is no.1 in terms of volume share. Besides this, Xiaomi products are also available on over 600 multi-brand retail RedMi Preferred Partner Stores across 11 cities of India. Company aims to have more than 1500 multi-brand retail Preferred partner stores by the end of 2017.

Xiaomi started to accept pre-bookings for Mi Home on its official website www.mi.com from 16th August. The consumers who pre-booked the latest products, they will get products on the day of the launch for sure.

Xiaomi is one of the widest in Brand Marketing

Xiaomi was cofounded by eight accomplices on 6 April 2010. In the first round of financing, institutional speculators included Temasek Holdings, a Singaporean government-possessed speculation organization, the Chinese investment reserves IDG Capital and Qiming Venture Partners, and versatile processor designer Qualcomm. On 16 August 2010, Xiaomi authoritatively propelled its first Android-based firmware MIUI. The Xiaomi Mi1 cell phone was declared in August 2011. It was delivered with Xiaomi’s MIUI firmware which depends on Android and looks like Samsung’s TouchWiz and Apple’s iOS. The gadget could likewise be outfitted with stock Android.

Since the arrival of its first cell phone in August 2011, Xiaomi has picked up piece of the pie in terrain China and ventured into building up a more extensive scope of buyer hardware, including a brilliant home (IoT) gadget biological system. The organization’s originator and CEO is Lei Jun, China’s 23rd wealthiest individual as per Forbes. The organization sold more than 60 million cell phones in 2014.

The organization has more than 8,000 representatives, mostly in territory China, India, Malaysia, and Singapore, and is growing to different nations, for example, Indonesia, the Philippines, South Africa, and Brazil.

As indicated by IDC, in October 2014 Xiaomi was the third biggest cell phone producer on the planet, following Samsung and Apple Inc., and took after by Lenovo and LG. Xiaomi turned into the biggest cell phone merchant in China in 2014, having surpassed Samsung, as indicated by an IDC report.

Xiaomi is the world’s fourth most important innovation start-up after it got US$1.1 billion subsidizing from speculators, making Xiaomi’s valuation more than US$46 billion. Xiaomi entered the Bangladeshi market through Solar Electro Bangladesh Limited and entered the Indian market in July 2014 by means of Flipkart.com.

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