The Indian market is where China’s smartphone manufacturers perform best with regards to internationalization. The Indian smartphone market grew by 14 percent last year, more than any other country. Chinese brands made up 53 percent of smartphone sales, according to the latest foreign media news.
Several Xiaomi smartphones have been recently leaked. Of them all, the MIX 2S has attracted the most attention with its flagship performance and novel design. Sources say that Xiaomi will unveil the MIX 2S at the 2018 Mobile World Congress in Barcelona later this month.
After a chilling 2016, the capital markets became more rational in 2017. The overall trend remains unclear, but investors seem willing to back projects that show clear rewards. This has led to broad heavy investment, creating more unicorns than previous years.
Xiaomi will likely release the MIX 2S smartphone after Chinese New Year. A Weibo user unveiled the appearance, design, and configuration information of MIX 2S. This phone seems to integrate screen fingerprint technology.
Xiaomi held its 2018 annual meeting on February 7. Company founder Lei Jun said 2017 was “the year of the reverse and breakthrough”. In October 2017, Xiaomi’s revenue exceeded 100 billion yuan ($15.88 billion). It took Xiaomi seven years to reach this level, which could be compared to Alibaba, Tencent and Huawei.
Huami became listed on the New York Stock Exchange (NYSE) under the stock code HMI on February 8, IPOBoutique.com reported.
Xiaomi surpassed Samsung as the largest smartphone brand in India in January and announced a product release conference in New Delhi on February 14.
During the first month of 2018, the major Chinese companies Alibaba and Huawei were denied access to the US market. Undeniably, the cautiousness of the Chinese and US governments on investment have made it increasingly difficult for Chinese companies to expand their business to the US market.
When talking about Lei Jun, people are as likely to mention his role in Xiaomi as his history as an investor. Lei Jun has already invested in numerous Internet companies. In 2018, Xiaomi is continuing its path to a public listing. 2018 is on track to be the “capital year” for Lei Jun.
The global smartphone market was saturated in 2017. China’s handset market plunged more than 10 percent and many Chinese mobile phone manufacturers, including Huawei and Xiaomi, are preparing to excavate the gold from the US market.