The Chinese smartphone giant, Xiaomi, has resumed operations for over 80% of its supply chains as the country recently recovered from the COVID-19 pandemic after fighting a nearly three-month-long battle.
Xiaomi’s senior vice president, Wang Xiang told online media that the company was still confident in the European market as the situation caused by coronavirus there, while severe, was temporary.
According to the company, February had been a challenging month for it as its factories and offices struggled to arrange for the necessities needed to resume operations. However, now as the situation has settled down, the company has reopened over 1,000 stores across China.
At a virtual press conference which is scheduled to be held on March 24, the Chinese giant plans to launch a new flagship 5G smartphone. Last month, CEO Lei Jun unveiled the new line of devices via an online event.
February proved to be a very bad month for the smartphone brands as they struggled for survival amidst the traumatic situation caused by the ongoing coronavirus outbreak, which on being untackled caused much of China to go into lockdown.
According to the reports of the China Academy of Information and Communications Technology (CAICT), mobile phone brands sold a total of 6.34 million devices in China, down 54.7% from 14 million in the same month last year.
Mahindra & Mahindra’s new captive solar plant will quadruple its energy output in Maharashtra
Allianz Global Investors to spread its reach to Indonesia
Reliance announces "JioPhone Next" and strategic vision at its AGM
Leica launches its first smartphone with a 1-Inch Camera Sensor
LG Uplus Building Its Second Hyperscale Data Center in South Korea
© 2021 CIO Bulletin. All rights reserved.