President of Xiaomi China: global market is recovering

2020-05-28
|
ChinaTech

On May 26th, Redmi, a brand of Xiaomi Group, launched a new product X series.


Lu Weibing, vice president of Xiaomi Group and its president of China region, said that the epidemic has a great impact on the global market.


However, he said that although many home appliance manufacturers have shut down in the context of the epidemic, those of smartphones are not currently facing this problem.


The epidemic mainly affects the purchasing power of consumers, especially on the demand for low-end products.


At present, Xiaomi's European market has recovered almost 85% -90%, and some markets are under relatively high pressure. For example, Latin America only recovered 60% to 70%.


New manufacturing, 3C manufacturing


RELATED ARTICLES

Vertex Ventures completes new fund raising of RMB three bln
2020-09-13
|
PEVC , Technology , Semiconductor

Suning plans to employ 20000 talents in three years
2020-09-12
|
e-commerce , Employment

Gree Group reaches strategic cooperation with Xiaomi and CITIC
2020-09-09
|
Electric appliance , Finance , Industrial

ACTOYS wholly acquired by Bilibili
2020-08-27
|
PEVC , Internet , e-commerce , Entertainment

JD Xintonglu covers more than 300 cities in China
2020-08-27
|
Retail , e-commerce

Jack Ma decreases shareholding in Ant Group's employee shareholding entity
2020-08-23
|
Fintech , e-commerce

Xiaomi Youpin changes its legal representative
2020-05-26
|
Internet , Retail , e-commerce

Gao Ziguang promoted to vice president of Xiaomi, in charge of new retail in China
2020-04-26
|
Technology , e-commerce
China SDG