Tag: Xiaomi

Mobile technology startups from Xiaomi to pop up in India

The company has now built up a massive amount of funding for its efforts to fund its next steps.

Xiaomi recently announced that its latest round of funding had closed at about $1 billion, and now it is going to take that money and pour it into efforts to open up mobile technology startups in India, as well as companies focused on connected devices and content aggregation.

The company is working on launching its own startup environment in India, comparable to what it accomplished in China.

In fact, mobile technology startups in India are included among the top priorities for Xiaomi in 2015. According to the head of Xiaomi India, Manu Jain, “We may co-develop, invest or launch their products. We have discussed with a few startups so far.” At the same time that these statements were released, the company declined to make any specific mention of the names of some of the startups that would be launched, or the size of the investment that it would specifically be making.

The company already labels itself as being a mobile technology and e-commerce business, not just a handset manufacturer.

Mobile Technology - Xiaomi and IndiaXiaomi has previously poured investments into Chinese startups that are focused on parts of the tech industry including wearable technology (such as in its fitness band), a video website, and in a smart light bulbs effort.

According to a Convergence Catalyst partner, Jayant Kolla, “Startups would find it lucrative to work with Xiaomi versus other corporates, as it is agile and has been able to grow, coupling the scale brought forward by both the internet and mobile era.” That firm is the Indian branch of one of Xiaomi’s most valuable startups on the globe and which managed to sell a million devices in the country in well under half of a year.

At the time that this article was written, Xiaomi was being valued at about $45 billion, and it has every intention to grow this year through its mobile technology and other startup investments in India. Though its past has been greatly based on smartphones, those are clearly only the beginning of what it has up its sleeves as it progresses into the future.

Smartphone market in China is now led by Xiaomi

The company has experienced massive growth in the country, skyrocketing its size and share.

The founder of Xiaomi, Lei Jun, has already announced that the massive growth that his company has seen in the Chinese smartphone market has not only pushed it to the top in China, but it has also placed it in the fifth spot among the largest handset makers in the world.

This was accomplished despite the fact that the company was still relatively obscure only one year ago.

Now, Xiaomi has taken the lead in cell phone sales in China. This is a massive accomplishment, considering that the country represents the largest smartphone market on the entire globe. A technology research report that was recently published by Canalys underscored the tremendous growth that the company has been making. It has managed to jet right past other giants within the space, such as Lenovo and even Samsung, in order to take its crown in the country.

Due to the sheer size of the Chinese smartphone market, it has secured Xiaomi as the fifth largest cell phone maker in the world.

Smartphone Market - Xiaomi leadingThe Canalys report went on to say that throughout the second quarter of 2014, Xiaomi managed to ship a tremendous 15 million smartphones within China. During the same quarter of 2013, that figure had been only 4.4 million. To compare, the report showed that Samsung sold 13.2 million cell phones within the country during that quarter, which was a decline from the 15.5 million that it had sold during the same period of time last year.

As a whole, there was a 240 percent year over year growth experienced by Xiaomi during the second quarter. It currently holds an estimated 14 percent of the cell phone device market in China.

According to Chris Jones at Canalys, the company managed to make this tremendous progress within this mobile device sector because it took on an entirely different strategy to its competition. The majority of manufacturers in the country’s smartphone market focus on price when it comes to their competition. That said, Xiaomi placed its focus on its marketing, branding and sales strategies.