Tuesday November 13, 2018
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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 refreshes 'Mi TV' series in India. (Wikimedia Commons)
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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.

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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 Hikes Pricing Of a Budget Phone After Rupee Depriciates

Online-focused Chinese smartphone maker Realme increased the prices of its two popular budget handsets in India.

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

In the wake of the depreciating rupee and rising input costs, Chinese handset maker Xiaomi on Saturday announced that it was increasing the prices of its budget smartphones Redmi 6 and Redmi 6A, along with Mi Powerbank 2i and Mi TV (32-inch Pro and 49-inch Pro variants).

“Mi Fans! INR has depreciated against US$ by ~15 per cent since the beginning of this year, resulting in significant rise in input costs. We are adjusting the prices of Redmi 6, Redmi 6A, Mi Powerbank 2i & Mi TV (32″ Pro & 49″ Pro),” tweeted Manu Jain, Vice President, Xiaomi Global and Managing Director, Xiaomi India.

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We are more than a smartphone brand: Xiaomi

The company added that the new prices would be effective starting November 11.

The price of Xiaomi’s budget handset Redmi 6A (2GB RAM + 16GB ROM) has been increased by Rs 600 and will now cost Rs 6,599. The 2GB RAM + 32 GB ROM variant will now cost Rs 7,499 after the hike.

Redmi 6, another budget model, will now cost Rs 8,499 for the 3GB RAM + 32GB ROM version.

Mi LED TV 4C Pro 32 and Mi LED TV 4A Pro 49 will now cost Rs 15,999 and Rs 31,999, respectively.

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The smartphone maker has introduced Mi LED TV 4 PRO (55-inch), Mi LED TV 4A PRO (49-inch) and Mi LED TV 4C PRO (32-inch).

The cost of Xiaomi’s 10,000mAh Mi Power Bank 2i Black has been increased by Rs 100 and will now be available for Rs 899.

Also Read: 1 Mn Honor Smartphone Sales This Diwali: Huawei

Earlier this week, online-focused Chinese smartphone maker Realme increased the prices of its two popular budget handsets in India.

The Rs 6,999 Realme C1 is now priced at Rs 7,999 while Rs 8,990 Realme 2 (3GB variant) is priced at Rs 9,499.  (IANS)