Homepage / Asia / One of China's top tech firms plans to flood the world with 2,000 stores within three years
Menyelami Dunia Slot Thailand: Keseruan dan Peluang Kemenangan Besar Menyelami Dunia Slot Thailand: Pengalaman Bermain yang Tak Terlupakan Bahis Sitelerinde Üyelik Bonusu Nasıl Alınır? Find an ideal match with lonely housewife hookup website Master the art of online dirty talk Yeni Başlayanlar İçin En İyi Bahis Siteleri ve Promosyonlar Casino Sitelerinde Hangi Bonuslar Daha Avantajlı? Deneme Bonusları ile Slot Oyunları: Oynamak İçin En İyi Siteler Experience a fantastic and unique option to satisfy brand new people Adjustment in Marriage: 10 Techniques For Newly Married Couples Güncel Bahis Siteleri: Bonus Fırsatları ve Yenilikler 2025’ün En İyi Bahis Stratejileri: Yüksek Oranlarla Kazanma Deneme Bonuslarıyla Oyunları Keşfet: En İyi Siteler Güncel Deneme Bonusları: Hangi Sitelerde Mevcut? Enjoy the greatest adult fuckbook experience now Mature bbw lesbians – find love utilizing the right partner เว็บพนัน ออนไลน์ จับกลางกรุง! บุกทลายฐานเว็บพนันชาวไต้หวันรายใหญ่ เงินหมุนเวียน 500 ล้าน ปี Panduan Lengkap Bermain Slot Online: Strategi & Tips Terbaik Deneme Bonusu ile Ücretsiz Oyun Oynayın Boy Names: Top 1,000 Baby Boy Names in the U S. for 2024 List of most popular given names Wikipedia Mobile Gaming in the UK: Trends, Regulations, and Future Leads Start dating hot moms today – it’s easier than you think Define generative ai 14 Define generative ai 14 How to find the right online gay dating website for you Home Superclones watches Exploring Super Clone Watches: Quality, Accuracy, and Affordability Join the most effective bbw milf dating site today En İyi Bahis Siteleri İçin Seçim Yaparken Nelere Dikkat Edilmeli? At this point, and yet very near | Life and magnificence | Trusted Casino Hellspin Review Leading Online Casino Hellspin Evaluation Mostbet App: Download Mostbet apk for Android & iOS 2024 Ігрові Автомати з Виводом Грошей на Карту ️ Онлайн Ігри на Гривні в Українікращі азартні ігри на гроші з виводом на карту2024-01-08 Taya365 online casino login Tips for conference and dating other bisexual men How to get the right bi partner Exploring the Prospering World of Online Casinos in the UK Meet hot singles and luxuriate in flirty chatting Bahis Siteleri: En İyi Bonuslar ve Promosyonlar Situs Slot Hari Ini Terbaik dan Terpercaya Tahun Ini, Gampang Menang Güvenilir Bonus Veren Siteler ve Detaylı İncelemeler Güncel Giriş, Güvenilir Adres VOX Casino: VOXCasino Promo Code 2025 Get to learn other old gay men inside area Slot Min Depo 10K Terbaik dan Paling Direkomendasi Tahun Ini: Gampang Menang! Scatter Hitam Terbaik dan Paling Direkomendasi Tahun Ini: Gampang Menang! Top 10 Online Casinos in Deutschland Januar 2025 Get ready to unleash your wildest fantasies Ücretsiz Oyun Deneyimi: Deneme Bonuslarıyla Risk Almadan Kazan Bonuslarla Bahis Keyfini Katlamanın Yöntemleri 2025’te Bahis Oynayarak Kazanç Sağlamanın Yolları Freespin Veren Casino Siteleri ile Daha Fazla Eğlenin Casino Sitelerinde En İyi Bonuslar Nerede? The Ultimate Guide to Free Spins BC.Game Mirror – Discover All Current Mirrors Find regional women seeking intimate encounters Elitecasino’a Katýlým saðlayarak, Hýzla 800 TL Bonus Ýmkaný Kazanýn! Baccarat Tips: Exactly How to Enhance Your Game and Boost Your Chances of Winning Find your perfect gay sex dating site Exploring 7slots in Turkey: A Comprehensive Overview Şartsız Deneme Bonusu Veren Sitelerin Listesi The Power of Tarot Online Free Finest Gambling Enterprises that Approve Bitcoin: The Future of Online Betting MostBet: Kumarhane Eðlencesiyle Dolu Eðlencenin Tadýný Çýkarmak MostBet: Kumarhane Oyunlarýyla Zengin Yeni Nesil Eðlence Deneyimi Understanding Clairvoyant Readings: A Comprehensive Overview Online Online Casinos That Accept PayPal: A Convenient and Secure Payment Choice Сайт казино Pin Up Tips for conference and connecting with seniors whom are interested in dating Spin Casino Review 2025 » Free Spins & Bonus Codes Trusted Casino Games For All Players Best Gay Hookup Websites | FreeHookupsSites The Ultimate Guide to Psychic Analysis Enjoy exciting and safe online dating experiences Relax Your Mind: the way to get the Inside Voices through your Head Find love regarding most readily useful mature dating site usa The Power of Clairvoyant Analyses Uncover the Advantages of Playing at Masalbet Casino Virtual Casino Fairgo Review Wireclub: Program For Internet Dating | Assessment 2023 Discover the many benefits of dating a korean girl and luxuriate in enduring love How discover a couple for woman that fits your needs anabolizantes legales 33 SpinBetter Freispiele⁚ Ein detaillierter Überblick (Stand⁚ 26.01.2025) Стиль и Защита: Чехлы на Телефон и Планшет от Womux com NikaDate.com 2025: Trick Insights Before You Sign up with Elderly Sizzle: Come Across Great Hookups Over 40? | 1win APP: Descargar, Juegos, Casino, APK Chile cl 1win Punjab FC create history with historic 2-1 win against Everton FC SofiaDate Evaluation 2025: Is This Website Worth The Buzz And Cash? bets10’in Kazançlý Slot Oyunlarý Nv Casino: Przewodnik po Świecie Gier Hazardowych Casino Wazamba Online Summary Discover the best local hookup internet sites for meeting wives Leading Gay Dating Apps: My Personal Collection test Télécharger 1win Sénégal apk 1win Sénégal inscription anabolizantes comprar online 9 popochka

Asia

One of China's top tech firms plans to flood the world with 2,000 stores within three years

BEIJING, China — Chinese tech firm Xiaomi plans to flood the world with 2,000 new stores within the next three years, a company executive told CNBC.

Half of those shops will be opened overseas with partners and the other half will be owned and operated by Xiaomi in China, and it’s all part of the company’s big ambitions to keep growing abroad, said senior vice president Wang Xiang, who oversees the firm’s global strategy. In the next few years, “we will definitely be a global player,” he said.

“You will see us in almost every country,” Wang projected.

Beijing-based Xiaomi started out selling low-cost smartphones and exploded as one of the world’s leading vendors within a handful of years. It even set a Guinness World Record for selling the most number of phones ever in a single day — 2.12 million units.

Since then, the firm has added products, including smart fitness bands, smart scooters, smart air purifiers, and more, splashing out to more than 40 countries and regions. The brand, which primarily sells direct to customers via online channels, or via distribution partnerships, has become so popular in China that at times it’s easy to forget that the start-up only launched in 2010.

It’s a company that’s also taken a cue from Silicon Valley company culture. Xiaomi’s young employees buzzed around headquarters on Monday, surrounded by tons of stuffed Mi bunnies — the firm’s cute white rabbit icon — perched on shelves and desks. Walls were dotted with reprints of iconic works by artists including Vincent van Gogh and Camille Pissarro. One staffer traveled in the office via Xiaomi’s own smart scooter, as people streamed in and out of the canteen chatting about work and weekend plans, and screens showed photos of members of the Mi soccer club.

This year, Xiaomi has already expanded into countries including Russia, the United Arab Emirates and Egypt, and is even manufacturing devices locally in India and Indonesia. Next year, the company is looking to focus more on Southeast Asian nations such as the Philippines and in eastern Europe, Wang said.

And although Xiaomi’s low-cost offerings — the RedMi 4A phone is 599 yuan ($88) in China — perhaps make more sense in developing markets, the company also wants to make inroads in places like western Europe.

Aside from building brand awareness abroad, Wang said Xiaomi has a peculiar problem with its affordably-priced phones and products. “If you buy a product from any shop with a low price, normally … your expectation is quality may not be good, but we want to prove you don’t need to spend a lot of money to buy a high quality product,” he said, deeming that “the most difficult challenge for us.”

That’s where the push to open more shops come in — “seeing is believing,” Wang said. “You have to let the people try the product first.” Brick-and-mortar stores may seem a departure from Xiaomi’s e-commerce strategy, but the company says they’ve been a huge success in creating a seamless online-to-offline experience for customers.

Xiaomi also wants to get its popular portfolio of products to customers outside of China in hopes of leading the “internet of things,” linking devices like smartphones to every day objects like televisions and coffee makers. Think lamps that shut down when you fall into a deep sleep or a rice cooker you can turn on before you get home. Xiaomi boasts it’s paving the way as it already has 60 million devices connected to its online ecosystem.

To help with that, the firm last week announced it would cross-license patents with Nokia, a move that helps both companies develop new products. The deal gives the tech firms access to so-called standard essential patents — key ones that allow products to comply with an industry standard. Last year, Xiaomi inked a similar deal with Microsoft, buying up 1,500 patents.

The Nokia deal is a protective measure to “defend ourselves once we go into many, many more countries, according to Wang. “The key, actually, is to get more design freedom,” he said. With “the patents we acquired, our engineers can design many, many more products more efficiently.”

Despite the big international push, Xiaomi hasn’t announced its revenues or the split between global and domestic sales. It is, after all, still a private company, and Wang declined to comment on any IPO plans. But the firm has been quick to tout its success in India, where sales hit $1 billion last year.

Xiaomi’s exponential growth, though, has seen hiccups along the way. Supply chain issues have plagued the company — at first, Xiaomi wasn’t able to ramp up production to meet customer demand.

But then, the firm’s phone sales started slipping as it lost market share to competitors like Huawei and cheaper brands Oppo and Vivo — something industry analyst firms like Canalys have said happened before Xiaomi was able to find stronger growth with its other products.

On top of that, company executive Hugo Barra, who had been lured away from Silicon Valley, announced that he would leave the company and move back to the U.S. at the beginning of the year.

But it does seem things are turning around. On Friday, Xiaomi said it posted a record high with more than 23 million smartphone shipments in the second quarter of this year.

“Our recovery follows a year of setbacks that collectively signify the most challenging period in our company history,” Xiaomi founder Lei Jun wrote in a letter to employees. But despite all of that, the firm is staying the course with big goals — to hit 100 billion yuan in sales this year, and to ship 100 million smartphones next year.

Source: cnbc china
One of China's top tech firms plans to flood the world with 2,000 stores within three years

Comments are closed.