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[News] [Mi India] Xiaomi plans to replicate China models, turn into internet company

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17:13, Oct-11-2017 | From PC
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Hello MIUI'ers,


     Xiaomi aims to become more of an internet company in India going forward, replicating its China model, by monetising a host of services such as finance and entertainment, a top executive said, adding that the short-term goal remains to take leadership position in the handset space.

Manu Jain, managing director of Xiaomi's India operations, however said that the internet-company model which took seven years in its home country to take shape will take some years to fructify in India where the smartphone maker has been operating for just three years.


"We're much more than a smartphone brand. Our hardware business is important, as it helps us acquire large number of internet users for our internet platforms like MIUI, Mi finance, Mi entertainment," said Jain.


     "We have a concrete plan to launch these services in India, we're carefully evaluating on when to launch these services. Our ultimate objective is to build our internet business and monetise our internet layer so we can make money from a long term perspective, from our operating system MIUI," he added.


IMG_20171011_142758.jpg


     The company - which has already clocked $1 billion in revenue from its India operations and is on its way to more than doubling it this year - will consider three key factors of market maturity, life cycle of the company in a region and its team capability, before bringing any of its internet services to India.


     In the short term, however, Xiaomi which is the No 2 smartphone brand in India by volumes, would look at gaining share from rivals in the market, on the back of its Mi and Redmi range of devices with high quality and specifications but priced at half the prevalent market rates.


     The Bengaluru-headquartered company, selling more than 4 million smartphones a quarter since the beginning of the year, has now set its eyes on the premium segment where Samsung, apple and One plus have major presence. The premium segment has become as competitive as the mid-range and sub 10,000 segments, with OnePlus leading in the above 30,000 price range.

As per Counterpoint Research, OnePlus lead with 35.6% share in August, while Apple had a 32.9% share and Samsung trailed with 29.5% share.


"The Mi Mix 2 competes with the highest range of 50,000-60,000 devices, and completes our portfolio," Jain said.


     The new bezel-less smartphone, priced in the mid- 30,000, will be sold through online and offline channels."

However, this will be the only device that Xiaomi will not make in India.


Screenshot_2017-10-11-14-33-30-773_com.facebook.katana.png


     The company's contract manufacturing partner Foxconn makes around 90% of the models in India, but Jain said that not making the device in India has nothing to do with component availability or skill set.


     "The ceramic back of the model takes about five days to make, and the cost is exorbitantly high... it does not make financial or business sense for us (to do it here). Maybe in the future when the premium segment grows, we can consider," he added.


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17:53, Oct-11-2017 | From PC
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Great News..Thanks for sharing..keep it up Xiaomi.

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18:08, Oct-11-2017 | From PC
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Thanks for sharing

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06:58, Oct-12-2017 | From PC
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Thanks for the share
Sometimes it is the people no-one imagines anything of, who does the things that no-one can imagine.

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10:44, Oct-12-2017 | From PC
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ALL THE BEST Mi INDIA . Thanks for Sharing.

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11:17, Oct-12-2017 | From Redmi 3S
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Sounds good, but also try to give some options in 5" screen device, all r either or sd 430 or 435. If i wanna change 3s prime then i have to go for redmi 4. Nothing difference between both of them. So give some options for 5" screen device, atleast launch a ph which run on sd 625 or higher than 625, either or metal finish or glassy finish.

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17:02, Oct-12-2017 | From PC
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22:36, Oct-12-2017 | From Redmi Note 4X
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Awesome..
Thanks for the information..

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22:49, Oct-12-2017 | From Redmi 3S
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Thanks For Sharing Info.

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