President of Xiaomi China: global market is recovering

On May 26th, Redmi, a brand of Xiaomi Group, launched a new product X series.
Lu Weibing, vice president of Xiaomi Group and its president of China region, said that the epidemic has a great impact on the global market.

On May 26th, Redmi, a brand of Xiaomi Group, launched a new product X series.

Lu Weibing, vice president of Xiaomi Group and its president of China region, said that the epidemic has a great impact on the global market.

However, he said that although many home appliance manufacturers have shut down in the context of the epidemic, those of smartphones are not currently facing this problem.

The epidemic mainly affects the purchasing power of consumers, especially on the demand for low-end products.

At present, Xiaomi’s European market has recovered almost 85% -90%, and some markets are under relatively high pressure. For example, Latin America only recovered 60% to 70%.

New manufacturing, 3C manufacturing

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/28/president-of-xiaomi-china-global-market-is-recovering/.

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