Xiaomi kills MIUI updates for 6 phones

Xiaomi kills MIUI updates for 6 phones

Other than this, now the MIUI 9 comes with an Indian Calendar app with subscription cards like Indian festivals cards, punching calendar and much more. That is the Xiaomi business model. Presently India is the largest market for Xiaomi after China.

While the company's phones remain highly popular in China and India, its phone sales are increasing gradually elsewhere, most recently seen in Russian Federation where it is now the fifth largest smartphone provider.

Unlike Alibaba and Tencent, Xiaomi is only looking for investments that will expand mobile internet usage and hook customers to its phones in a smartphone market that is defined by fickleness among shoppers in constant lookout for the next new thing.

Lei said that the plan will be to replicate what it has done in China, where it has invested $4bn in 300 different companies.

"Any apps that increase the frequency of usage of smartphones-we're interested in this". We only pick minority stakes. Other than this, a new Mi Video App is being introduced as well.

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Xiaomi's valuation makes Lei, a successful serial entrepreneur, one of the richest men in China. "So, Xiaomi will be competing with both global and home-grown content and services players which would require significant investments", Sharma told worldwide Business Times, India. In the preceding three months, Xiaomi's market share was 17%. "So, we really need to select the products that Indian consumers will love the most". In the next five years, we will invest in 100 companies in India.

Xiaomi accounted for 23.5 percent of smartphone shipments in the country in the September quarter, according to the latest data released by IDC.

Xiaomi has detailed a new trade-in program for the Indian market created to make its handsets even more affordable for consumers.

After sustaining its passé hardware with bright software fabricates for a period, Xiaomi says it is now deferring MIUI upgrades for six of its trendy mechanisms.

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