Tencent Technology News, China's mobile phone and TV maker Xiaomi, is currently in the process of listing in Hong Kong and is expected to be listed in the near future. Xiaomi's listing will allow many of the company's early employees in China to obtain “rich-rich” opportunities, but according to the latest news from foreign media, Xiaomi’s listing will also create a millionaire in India. He is the head of India’s business, Xiaoma Jiama. Manu Kumar Jain.
It is well known that Xiaomi’s internationalization strategy has achieved great success in India. In the fourth quarter of last year, Xiaomi surpassed South Korea’s Samsung Electronics and became the No. 1 smartphone market in India. The data for the first quarter of this year shows that Xiaomi and Samsung have monopolized 60% of India’s share and become the two largest mobile phone oligopolies.
According to reports from foreign media such as Quartz, Xiaomi’s success in India is directly related to Jamaku’s efforts. He is the vice president and general manager of Xiaomi’s India operations.
Xiaomi has submitted listing application documents to the Hong Kong Stock Exchange and is currently in close communication with investment agencies. According to the latest news from foreign media, Xiaomi has not reached the expected US$100 billion valuation and the current valuation has fallen. Tens of billions of dollars. One of the reasons may be that Xiaomi himself claims to be an internet company, but almost all of Xiaomi’s revenue comes from mobile phones, TVs and other hardware products, and the internet’s revenue is very small.
Jamaku currently serves as a director of Xiaomi. According to Xiaomi’s employee stock ownership plan, he owns 2.3 million shares of Xiaomi and becomes the third-ranked employee in the company. Obviously, if Xiaomi's stock is listed in Hong Kong, Jamaku will become a super rich.
Jamaku, 37, was a mechanical engineer. He graduated from the Indian Institute of Technology in Delhi, India, and later graduated from Indian Institute of Management in Calcutta. He has a very unusual professional manager.
Jamako once worked for McKinsey and in 2011 he participated in the launch of an animation production project involving the Dink couples. That year, he also founded Jabong, a website that sells apparel on the Internet. The site was later acquired by India's e-commerce giant Flipkart for $70 million, and Jamaku served as a manager.
How did Jamaku enter Xiaomi?
In the interview with the media, Jamaku said: "In the first three months, I was the only employee of the Xiaomi India company. In the first two months, I didn't even have an office. ”
Under the leadership of Jamako, Xiaomi’s Indian business has achieved rapid growth and has now obtained a 31% share of sales in the Indian smart phone market. Jamaku also played an important role in the development of the Indian market strategy. For example, Xiaomi launched many cost-effective mobile phones in India, often launching new mobile phones through the online direct sales model, while maintaining strong sales of physical stores. In addition, Xiaomi also India has built a supply chain system.
In the prospectus document, Xiaomi mentioned that India is Xiaomi’s largest market outside mainland China and a model for the success of the company’s internationalization strategy.
In addition to mobile phones, this year, Xiaomi also began selling its other important home electronics products in India.
Millet also made localized manufacturing in India. Three-quarters of the handsets sold are manufactured at two plants in India (affiliated with Foxconn Group). Jamark told the media in March that sooner or later, Xiaomi will not only launch new mobile phones in India, but will also design and develop products exclusively for the Indian market in India. "Ultimately, we will manufacture all products in India." ”