However, due to the coronavirus pandemic, the smartphone company experienced a decline in Q1 2020. However, Xiaomi was also declared the only brand among the top five smartphone vendors to achieve relatively strong sales in the first quarter of 2020. It recorded a year-on-year comparison of 1.4% year-on-year in the first quarter of 2020 compared to 2019. Zhang Feng joined Xiaomi in September 2016 and is the group`s chief of staff. Zhang Feng is responsible for assisting the CEO in formulating the Group`s development strategy and overseeing the implementation of the strategies of the various business units. Zhang Feng is also chairman of the Group`s Purchasing Committee. He is responsible for integrating the procurement needs of the company`s various departments, improving procurement capacity, optimizing the procurement process and its efficiency. He holds a bachelor`s degree in radioelectronics from Shanghai University of Technology and Science. Zhang Feng has been working in the mobile and communications industry for more than 20 years. From 1993 to 2012, he worked as General Manager of the Nanjing branch of the Inventec Group. In 2013, Mr. Zhang Jiangsu founded Zimi Electronic Technology Co.
Ltd and acted as General Manager, and Zimi became one of Xiaomi`s ecosystem partners. Xiaomi Corporation (/ˈʃaʊmiː/;[ 2] Chinese: 小米 [ɕjǎu.mì] (listen)) is a Chinese electronics company founded in April 2010 and headquartered in Beijing. Xiaomi produces and invests in smartphones, mobile apps, laptops, bags, headphones, shoes, fitness bracelets and many other products. [3] Xiaomi is also the fourth company after Apple, Samsung and Huawei to have developed mobile phone chip capabilities itself. [4] In 2020, Xiaomi intends to continue focusing on the development of 5G smartphones, improving its position in the premium smartphone segment. The company also plans to invest heavily in AIoT. Xiaomi is said to have 7 factories in India, four of which are located in Andhra Pradesh, two in Tamil Nadu and one in Noida. As the company claims, about 99% of Xiaomi phones are made in India.
As Manu Jain said, the company has also launched a pilot project in which the company exports Xiaomi phones from India to Bangladesh and Nepal. In addition to smartphones, the company claims that nearly 100% of smartphone chargers, USB cables and batteries are made in India. Xiaomi also has a smart TV production facility in Tirupati, Andhra Pradesh. Xiaomi works with a vertically integrated model that allows the company to sell hardware at a cost price or lower to attract users and make money selling content. [101] Hugo Barra, a former Google executive who served as Xiaomi`s vice president from 2014 to 2017, characterized the organization as « an internet and software company much more than a hardware company. » [102] Xiaomi phones have also gained popularity in India, which has only grown year on year. The company tops the list of best-selling phones in India. Xiaomi India has even entered the « GUINNESS WORLD RECORDS » by building the largest luminous mosaic (logo) in the world. It was abandoned by placing 9,690 bulbs and this important work is located on the terrace of Xiaomi`s headquarters in Bangalore. Here are some more interesting facts and figures about Xiaomi. POCO is a sub-brand of the Chinese electronics company Xiaomi Corporation.
It was first announced in August 2018 as a mid-range smartphone line and became a separate sub-brand of Xiaomi with entry-level and mid-range devices on January 17, 2020, while Xiaomi itself produces high-end and flagship Mi phones. POCO phones use the Xiaomi MIUI interface on Android. Xiaomi`s vision is to make quality technology accessible to all, i.e. « innovation for all ». The company makes this possible with its high-quality products and outstanding services. The company also offers various value-added Internet services such as « Mi Music », « Mi Video » and « Mi Game ». Dr. Zhou Guangping, who holds a PhD in electrical engineering, worked at Motorola and held various key positions in the company before joining Xiaomi. Currently, Dr. Zhou leads the hardware and BSP teams at Xiaomi. In 2014, Xiaomi announced its expansion outside of China with its first international headquarters in Singapore.
This is where future product and business launches in the region will be established. [33] After Singapore, the company opened in Malaysia, the Philippines and India,[34] and plans to expand into Indonesia, Thailand, Russia, Turkey, Brazil and Mexico in the coming months. [35] In 2019, Xiaomi`s total revenue was around RMB 205.84 billion and its gross profit was around RMB 28.55 billion. In Q4 2019, the company`s total revenue increased by 27.1% to RMB 56.5 billion, with an equivalent net profit of RMB 2.3 billion and an increase of 26.5% year-on-year.