Xiaomi still wants to enter the U.S. market dominated by Apple and Samsung, Chew Shou Zi, CFO and president of international at Xiaomi, said at the World Economic Forum in Davos.
Over the past few years, the Chinese consumer electronics company has been aggressively expanding internationally, launching its products in India, Europe and the rest of the world. But it has not yet entered the U.S. market dominated by Apple and Samsung.
In 2018, a Xiaomi executive stated that the company was preparing to enter the U.S. market. But so far this has not been achieved.
Chew Shou Zi told reporters during the World Economic Forum in Davos that the United States is still on the future development map of Xiaomi. When he was asked if Xiaomi was still focU.S.ing on the U.S. market dominated by Apple and Samsung, Chew Shou Zi said the company was paying attention, according to Tencent Tech.
"The reality is that we are a nine-year-old company. Our global expansion only started in 2014 and 2015. So we need more time to enter new markets." He said, “It will take time, I hope we can grow into as many markets as possible, including the U.S. market, so that we can provide our products to as many U.S.ers as possible. “
Chew Shou Zi said that Xiaomi is in the "preparatory stage" to enter the U.S. market.
According to market research firm Gartner, Chinese brands have not been completely shut out by the United States. In terms of market share, Lenovo is the third largest personal computer manufacturer in the U.S. market.
According to data from market research company Counterpoint Research, Lenovo, which owns the Motorola brand, is the fifth largest supplier in the United States in the field of smartphones.
