Xiaomi has become the leading smartphone vendor in China overtaking Samsung in volumes in Q2 as per the report from Canalys. Xiaomi has 14% share in China. 8 Chinese vendors including Lenovo, Yulong, Huawei, BBK, ZTE, OPPO and K-Touch accounted for 65% market share & Samsung/Apple accounted for 18% of the share. Xiaomi has been able to make it to the top position with aggresive pricing strategy, MIUI software, services & creative marketing. Globally, 292.4 million smart phones shipped in Q2 2014, representing 23% YOY growth and 5% growth on the first quarter.
Micromax has become the top Mobile brand in India as per the report from Counterpoint Technology Market Research. Some of the findings from the report are Micromax became the leading mobile phone supplier brand in India in Q2 2014 with 17% market share. Micromax has also become the second largest smartphone vendor with a market share of 19% behine leader Samsung. Indian mobile phone market grew at 2% annually and the smartphone market grew at 68% annually.
Chine Smartphone Maker Xiaomi has launched its Indian website at mi.com/in . The website doesn’t have any information about when the products will be launched in India & how it will be sold. They also have an official facebook India page & can be liked from their Indian site. Xiaomi recently hired Manu Kumar Jain as the General Manager for India. They have set a target of 100,000 likes for their facebook page & this is also shown on their Indian website. This is a clever move by Xiaomi to connect with the Indian fans first before launching the product.
Xiaomi is known globally for affordable & great Android phones & has created a unique brand name globally. Mi3, RedMi, RedMi Note are some of its products & currently sells in China, Hong Kong, Taiwan, Singapore and Malaysia. It mainly sells through its website & its products have a great demand globally.
Social Media, ecommerce, mobile & other areas has resulted in many startups going for IPO. Facebook, twitter & others are some of the noteworthy startups who have gone for IPO. Many of the startups are now valued at $1 billion or more. Facebook purchased startups like Instagram & Whatsapp, Yahoo purchased tumblr & others. These startups have been valued at billions & millions of dollars.
Xiaomi from China and Dropbox from the US are at the very top of the list followed by palantir, jingdong & others. Startups from US, EUrope & China are in the top 10 list. With the increase in the values of these startups, VC’s make a good ROI when the stakes are sold or the company gets listed.