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Telecom NewsXiaomi becomes youngest company on Fortune Global 500 list for 2019
Chinese smartphone manufacturer Xiaomi has become the youngest company on the Fortune Global 500 list for 2019, ranking 468, with a revenue of $26,443.50 million and a net profit of $2,049.10 million in the previous fiscal. The Beijing-based global technology firm on Monday announced that the company has, for the first time, made the Fortune Global 500 list, nine years after its iteration....read more
Telecom NewsXiaomi India's Deepak Nakra joins Realme as sales head
Xiaomi India's sales head for brick-and-mortar trade Deepak Nakra has put in his papers and joined rival Realme India as its overall sales head. Nakra's Linkedin profile confirmed the move. This comes at a time when Realme has gained significant share in online smartphone sales and emerging as the biggest threat to Xiaomi, Samsung, Oppo and Vivo. Realme has plans to foray into offline trade and set up company-owned stores through foreign direct investment (FDI)...read more
Telecom NewsXiaomi to sell smartphones and accessories via vending machines in India
People can soon buy Xiaomi smartphones and accessories through vending machines, with the Chinese handset maker set to install its own machines in major Indian cities. The latest move comes as the company works on ways to retain its dominant position in the hyper-competitive smartphone market in India. Called as 'Mi Express Kiosk', these vending machines will allow consumers to make purchases and pay for the transaction through credit or debit cards, cash and UPI....read more
Telecom NewsReliance Jio ties up with Xiaomi to offer Rs 2200 cashback, 100 GB data to Redmi Go users
Mukesh Ambani-driven Reliance Jio has tied up exclusively with Xiaomi for its Redmi Go devices. As part of the partnership, customers will get Rs 2200 instant cashback and 100 GB additional data applicable on recharge of Rs 198 and Rs 299. The Redmi Go went on sale starting March 22 across the country. The cashback of Rs 2200, shall be credited in the form of 44 discount coupons of Rs 50 each, in the MyJio App of an eligible subscriber. The vouchers can be redeemed for subsequent eligible recharges of Rs 198 and Rs 299 only....read more
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