Sales

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LeEco slashes India headcount but denies it will exit the country

161122_leeco Ambitious Chinese tech firm LeEco is downsizing its presence in India less than six months after founder Jia Yueting warned that the growth of some parts of its business had become unsustainable. The company confirmed to TechCrunch that it has reduced its headcount in the country from over to 350 staff to a total of 80 today. A spokesperson said the size of the team is now “in line… Read More

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Xiaomi sold quarter of a million smartphones in just 10 minutes in this country

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While big giants are struggling to embark on India’s voluminous and fast-growing smartphone market, Chinese company Xiaomi continues to show unprecedented success.

Xiaomi says it sold over 250,000 Redmi 4 units in 10 minutes in India in what was the “biggest smartphone sale in the history” of the country, it claims. The smartphone went on sale in India on Monday through Flipkart and company’s own Mi.com website. 

The Redmi Note 4, launched in India last week, is the successor to its highest selling smartphone in the country, the Redmi Note 3. At a media event in New Delhi, company’s outgoing executive Hugo Barra said Xiaomi sold 3.6 million units of Redmi Note 3 in India last year.  Read more…

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