Hong Feng, the co-founder of Xiaomi made a statement during the Fintech week in Hong Kong, where he said that the success that the company...
Xiaomi has a large hardware business since over the years they have been able to create a series of devices that have achieved great popularity, such as the Smart Mi Power Bank and the Mi Band Huami Smart Band. The company stands out for offering high-quality products at reasonable prices, without neglecting the aesthetic aspects.
According to Hong Feng’s statements, the manufacturing cost is the same as the other brands, but they manage to deliver the devices directly into the hands of consumers by more affordable means.
This is where retail businesses join the equation because that is the reason why the Chinese manufacturer can offer affordable prices, they have been able to provide users with lower prices compared to its competitors.
The co-founder of the company shared some graphics where they revealed that an Asian family has approximately 100 Xiaomi devices connected in their respective homes, this is due to the large catalog of products available, these intelligent products allow you to connect to the Internet, thanks to that, they have managed to push the company to another level.
Xiaomi is still looking to boost the brand to other territories
Xiaomi is still looking to boost the brand to other territories
The Chinese manufacturer has larger ambitions, considering integrating the technology sector as a complement to its current business model, said the co-founder of Xiaomi.
Fintech or also known as financial technology will be the key to boost the brand to new territories, this technology is based on the connection of big data, artificial intelligence and security, allowing banking transactions or payments from a smartwatch or a Smartphone thanks to the NFC technology.
from Classifieds http://afidnytech.blogspot.com/2018/11/hardware-retail-businesses-and-internet.html
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