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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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Chinese Brand Xiaomi Leads Smartphone Market in 2018

Xiaomi, Samsung, Vivo, Realme and OPPO emerged as the top five smartphone vendors in terms of market share in Q4 2018 in India

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The complaint alleged that Xiaomi had used the patents without any license from Yulong.
Xiaomi to fight patent disput against Coolpad, wikimedia commons

Chinese brand Xiaomi with 28.9 per cent market share led the Indian smartphone market in 2018, followed by South Korean brand Samsung at 22.4 per cent and Vivo at 10 per cent, an International Data Corporation (IDC) report said on Tuesday.

“The premium end of the market outgrew all other price segments in 2018 with 43.9 per cent Year-on-Year (YoY) growth — OnePlus emerged as the leader in the price segment range $500-$700 and in the super premium segment and Samsung surpassed Apple for the top position with its Galaxy S9 series,” said Upasana Joshi, Associate Research Manager, Client Devices, IDC India.

According to the report, the online-focused brands drove the online channel share to an all-time high of 38.4 per cent in 2018 and a whopping 42.2 per cent in 2018 Q4 whereas offline channels had a rather muted year with a modest 6.7 per cent annual growth and a 5 per cent sequential growth in Q4.

Xiaomi
Xiaomi.

“Shipments form Xiaomi, Asus, OnePlus and more grew online channels resulted by 47.3 per cent YoY in Q4, but the offline channel was unable to keep pace with the deep discounts and go-to-market initiatives from the e-tailers almost throughout the year,” Joshi added.

The overall smartphone average selling price remained flat in 2018 at $158, with high shipments in the mass segment of $100-$200 — which accounted for more than half of the smartphone market in India.

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Xiaomi, Samsung, Vivo, Realme and OPPO emerged as the top five smartphone vendors in terms of market share in Q4 2018 in India.

On the other hand, the feature phone market, primarily driven by Jio Phones — which makes up 56 per cent of the total mobile phone market clocked 181.3 million-unit shipments in 2018, with 10.6 per cent YoY growth, the report said. (IANS)