The company’s meteoric rise has been undeniable as it sold more than three times as many smartphones in 2014 as it did in 2013.
Xiaomi’s rapid rise has been documented throughout the year, but recently, the company itself has confirmed its meteoric rise: it sold more than three times as many smartphones in 2014 as it did in 2013.
In fact, Xiaomi sold more smartphones in the second half of 2014 than it did from 2H2011 to 2H2013 – with about 35 million in 2H2014 alone. Xiaomi CEO Lei Jun posted these figures on his Weibo account. Continue reading
Economists agree that a country with a knowledge-based economy will take global leadership in the future. However, will India participate in the global competition and be a serious contender?
By Kathan Shukla
Jun. 17 – The Indian economy, amid a global slowdown, is likely to grow by about 6% in 2013-14. However, if India wants to become a developed nation, it has to pursue scientific research.
Take the iPod for example, a product developed by Apple, an American company, but manufactured in China. The manufacturer in China receives about $4 out of the sales price of $299. The other $295 goes to component suppliers and product developers in the United States.
The country that holds patent-rights and develops global brands benefits most. If India wants to become a developed nation and compete with China and the United States, it must develop global brands. The first step in this direction is scientific research. Continue reading
Mar. 14 – As Internet use in Asia continues to develop thanks to Asia’s seemingly infinitely growing Internet penetration rates and a consistently growing number of web users, methods to go online have evolved from the usual desktop experience into something much more, literally, mobile.
Because of Asia’s broadband infrastructure, accessing the Internet has proven to be somewhat of a chore for people located in more remote or underdeveloped Asian cities and countries. However, thanks to the advent of mobile smartphones and their corresponding popularity and high usage throughout Asia, mobile Internet has emerged as increasingly accessible throughout the region. Continue reading
Op-ed Commentary: Dr. David A. Owen
Feb. 19 – When is it necessary to privatize? While there is no single correct answer to this question, it is a question that China and other states grapple with almost daily.
In no industry is privatization more important than in space exploration. More specifically, mining of Near-Earth Asteroids (NEA) is projected to result in significant profit margins.
Peter Diamandis and Eric Anderson, the founders of Planetary Resources, a private enterprise focused on commercial mining on NEAs, estimate that not only would a single mining expedition to a NEA be valued in the trillions of dollars, but will also fundamentally change the global economy as we know it! This effectively increases Earth’s GDP exponentially and potentially creates a new class of wealth: the trillionaire club.
Nov. 23 – Five pioneering individuals who are winners of this year’s Rolex Awards for Enterprise will be honoured at a prestigious event to be held in New Delhi on 27 November 2012. This marks the first time that luxury watchmaker Rolex has held the ceremony for the international philanthropic programme in India.
The Rolex Awards for Enterprise were created to foster a spirit of enterprise and advance human knowledge and well-being. Continue reading
By Daniel Fleishman
Oct. 12 – The days of American dominance over the PC market seem to be coming to a close. According to the research firm Gartner, Lenovo captured a market share of 15.7 percent in the third quarter of 2012, topping HP’s 15.5 percent, ousting the PC giant from the leading position it held for the past six years. Continue reading
Over the past four years, China has switched from being an importer of high-speed trains to the world’s largest manufacturer. Much of this can be attributed to the transfer of foreign technology to Chinese state-owned enterprises. How have Chinese government policies and economic heft aided this effort?
By Spike Nowak
Sept. 3 – Traveling at 300 kilometers per hour, a passenger on China’s domestically-manufactured high-speed trains can go from Beijing to Shanghai, approximately the same distance as Delhi to Mumbai, in less than five hours. Four years ago, the same trip on an older Chinese-manufactured train would have taken more than 12 hours.
China has now become one of the largest manufacturers of high-speed trains in the world. How has it achieved this in such a short time? The same question could be asked of windmills, automobiles, computers, software, and various other products manufactured in China.
Technology transfer – a process by which technology, knowledge, skills and manufacturing methodologies are transferred from one country to another – has made all this possible. Continue reading
For India and China business news and commentary, visit 2point6billion.com. Written by the business experts at Dezan Shira & Associates, 2point6billion reports on the most important stories from throughout south east Asia.