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Xiaomi to Undergo Internal Restructuring to Strengthen its Core: Report

"The company's organisational shake-up comes at a time when the governance of Chinese companies is under the spotlight," the report added

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Xiaomi
Xiaomi refreshes 'Mi TV' series in India. (Wikimedia Commons)

Aiming to recruit new talent and strengthen its core, Xiaomi would undergo internal restructuring, its Founder and Chief Executive Lei Jun has announced.

The Beijing-headquartered company’s internal restructuring would make way for 10 new business units — four hardware units, four Internet services units, one technology platform and an e-commerce platform.

“It will also increase the efficiency of each department and build strong career progression, allowing us to develop younger talent and provide them with opportunities to shine,” Lei wrote in a letter to Xiaomi staff, South China Morning Post (SCMP) reported on Friday.

“The company’s organisational shake-up comes at a time when the governance of Chinese companies is under the spotlight,” the report added.

Xiaomi
Xiaomi.

One of the new departments would oversee recruitments, promotion and training while the other would be tasked with managing the firm’s development strategy as well as monitoring the progress of individual business units.

“Without experienced soldiers, there is no succession. Without new troops, there is no future. We need to groom and develop a large group of young managerial talent.. to manage the troops. Let every capable and ambitious young person learn to battle and grow quickly on the battlefield,” Lei added in the letter to the employees.

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Recently, Chinese e-tailer Alibaba’s Executive Chairman Jack Ma announced his plans to resign after a 12-month transition period, handing over the reins to Daniel Zhang, current Chief Executive of Alibaba Group Holding.

Alibaba Group said that on its 20th anniversary on September 10, 2019, its Chief Executive Daniel Zhang, 46, will take charge as the new Chairman. (IANS)

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Xiaomi Unveils Two New Smart Tvs, Mi Soundbar

Both the TVs are equipped with "Patchwall" OS by Xiaomi. PatchWall features content from 14 different partners with over 700,000 hours of content from Hotstar, Hungama, Sony Liv, Voot, Eros Now, Zee5, Hooq, Epic ON and others

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Xiaomi
Xiaomi launches 2 smart TVs, Mi soundbar.

Chinese electronics company Xiaomi on Thursday launched two new smart TVs and entered the home audio category with an Mi soundbar.

The two TVs — Mi LED TV 4X PRO (55-inch) and Mi LED TV 4A PRO (43-inch) — will be available for Rs 39,999 and Rs 22,999 respectively, starting January 15, the company said in a statement.

The Mi soundbar will be available via Mi.com and Mi Home stores for Rs 4,999, starting January 16.

The complaint alleged that Xiaomi had used the patents without any license from Yulong.
The Mi soundbar will be available via Mi.com and Mi Home stores for Rs 4,999, starting January 16. wikimedia commons

“We launched Mi LED TVs last year. We hit many milestones, including becoming the number 1 smart TV brand in India by selling over a million units in 9 months,” said Eshwar Nilakantan, Category Lead, Mi TVs.

Mi LED TV 4X PRO comes with a large 55-inch 4K UHD display with the panel featuring 10-bit colour depth, and support for HDR10.

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Mi LED TV 4A PRO’s 43-inch display features a Full HD resolution of 1920 x 1080 pixels. The same 20W audio from Mi LED TV 4X PRO (55) also features here, as does the Bluetooth remote.

Both the TVs are equipped with “Patchwall” OS by Xiaomi. PatchWall features content from 14 different partners with over 700,000 hours of content from Hotstar, Hungama, Sony Liv, Voot, Eros Now, Zee5, Hooq, Epic ON and others. (IANS)