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Retail Asia14/04/2020

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Hong Kong’s newly licensed virtual banks will look to delay their launches due to an ongoing coronavirus pandemic. Since the Hong Kong Monetary Authority issued eight virtual bank licenses last year and earmarked February this year for the final launches, the city has been victim to over 1,000 cases of coronavirus infections and four deaths. […]

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Retail Asia02/04/2020

AirStar Bank has announced the launch of a pilot trial in Hong Kong, which will be conducted within the Hong Kong Monetary Authority’s Fintech Supervisory Sandbox. About 2,000 friends and families of the staff of Airstar, Xiaomi Hong Kong and AMTD Group will be onboarded to the virtual bank to gather user feedback and gauge requirements ahead of a full […]

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Retail Asia23/03/2020

As Mainland China registered no new cases of coronavirus for the first day since the disease emerged late last year, Chinese tech retailer Xiaomi says it has reopened more than 1800 retail stores across the mainland. The company also says the majority of its component suppliers – about 80 percent – had resumed operations. In […]

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Retail Asia11/03/2020

Chinese smartphone brand Xiaomi shuttered its one and only UK Mi store last week in Westfield London after a mere 15 months of operations. In a statement, a spokesperson for Xiaomi said the adjustment to the company’s local retail strategy is a reaction to its fast-growing business in Western Europe. “Since our official arrival in […]

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Retail Asia13/12/2019

Chinese smartphone giant Xiaomi expands its footprint in India – its largest overseas market – with the launch of online lending services. The firm will connect users with financiers, offering quick access to loans of up to 100,000 rupees ($1,400), Xiaomi’s India head Manu Jain said, according to a report. The online lending solution, «Mi Credit» […]

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Retail Asia19/11/2019

Xiaomi India has been recognized as the largest exclusive brand network in the territory. The finding was released in a study by retail and channel solution provider Channelplay, and coincides with the launch of the brand’s 2500th Mi Store in India. Xiaomi India now has Mi Stores in more than 790 cities. The results of […]

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Retail Asia19/11/2019

Xiaomi has the expected trimmings for a smartphone and device-maker: A retail channel for its products and internet services for its 300 million users. It’s also becoming a bank. «We are looking at the business we are doing in the non-financial sectors and how we can apply the technology, apply the artificial intelligence to power […]

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Retail Asia17/10/2019

Xiaomi has a good thing going with its Mi Band fitness tracker. IDC said that last year, the manufacturer shipped 23.3 million units of the Mi Band 3, up 44% over 2017’s deliveries. The device accounted for 13.5% of the wearables market in 2018 behind only the 26.8% share belonging to the Apple Watch. And when the […]

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Retail Asia11/07/2019

Remember when you walked around, feeling like the King of the neighborhood because your Samsung Behold had a 5MP camera on back? While a bigger megapixel count doesn’t necessarily translate to better pictures, today we have phones like the OnePlus 7 Pro carrying around a 48MP primary sensor. And if XDA is right, Xiaomi will be the first to release […]

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Retail Asia25/06/2019

International markets are becoming increasingly more important to Xiaomi. And in an interview with Sina Tech, the CEO of Xiaomi’s sub-brand Redmi, Lu Weibing, did nothing to hide this fact and openly detailed the company’s plans for global domination. Over in India, as Weibing pointed out, Xiaomi and Redmi combined have led the smartphone market for the past […]

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Retail Asia15/05/2019

Xiaomi India will open 10,000 outlets in a bid to lock down its dominance over Samsung in the territory. The Chinese-headquartered company also announced last week that it expects 50 per cent of its business to be generated by trading offline by the end of this year. “About two years ago, we realised that while […]

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Retail Asia10/05/2019

Since notches first arrive back in 2017, smartphone brands have attempted a range of implementations ranging from wide ones to much subtler water drop alternatives. One thing that hasn’t been attempted, however, is an outward facing one. But Xiaomi’s latest patent suggests it could be working on one. In what is presumably an attempt at creating a […]

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Retail Asia12/04/2019

Just over one month after the Mi 9 flagship was first announced, Chinese smartphone brand Xiaomi has today revealed that it has already shipped over one million units of its latest premium device. The majority of these devices were undoubtedly supplied to consumers in China, where Xiaomi conducts roughly 60% of its business and where […]

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Retail Asia05/04/2019

Great news for mobile gaming fans looking to buy one of the most powerful gaming smartphones available on the market, as Xiaomi has just announced their new product, Black Shark 2 is now up for grabs in Europe. Initially introduced in China on March 18, Xiaomi Black Shark 2 can be purchased from Europe beginning […]

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Retail Asia28/03/2019

A few days ago, we told you that Xiaomi will release the Mi Band 4 fitness tracker sometime this year. An executive from Huami, the company that is the source of Xiaomi’s wearables, said that the Mi Band 3 is still selling in big numbers and that there is no reason for Xiaomi to launch […]

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Retail Asia13/02/2019

Balmuda, a Japanese high-end home appliance maker, is introducing a new air purifier in Korea today ahead of the rollout in Japan, where the launch date has not been set. Balmuda CEO Gen Terao emphasized the importance of the Korean market during the company’s first press conference in Korea Tuesday as he unveiled The Pure air […]

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Retail Asia24/01/2019

Chinese electronics firm Xiaomi has opened its largest European Mi Store in Paris. Queues for the January 18 1pm opening started to form at the Champs-Elysees location at sunrise, despite freezing temperatures. The store is hosting a reportedly comprehensive selection of the brand’s full product range, including smartphones, headphones, cameras and home appliances. In celebration […]

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Retail Asia09/01/2019

Samsung is releasing a phone with robust functions specifically designed to meet the challenge posed by Huawei. It has fast internet speeds — utilizing 5G wireless — is foldable and has an innovative screen design. Last year’s smartphone market can be summarized in one sentence: Apple’s defense, Huawei’s catch-up and the fall of Samsung Electronics. […]

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Retail Asia26/12/2018

Xiaomi is all set to convert its India arm into an end-to-end consumer durables company. According to a report, Xiaomi officials are currently identifying potential categories including air-conditioners, washing machines, refrigerators, laptops and small appliances like vacuum cleaners and water purifiers for the Indian market. All the products will be smart appliances based on Internet of Things (IoT) or […]

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Retail Asia27/11/2018

Chinese tech giant Xiaomi is looking to cement its status as India’s leading smartphone provider by opening thousands of stores before the end of 2019. The company announced it would increase its presence in India from 500 retail stores to 5,000 by 2020. “It’s been over a year since we started offering our products through offline […]

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