Nokia launches three Android phones, and a new-age 3310

Nokia-3310-range_feNokia, the iconic brand that once ruled the feature phone market, is back, and how! At the Mobile World Congress (MWC) in Barcelona on Sunday, Finnish startup HMD Global unveiled three new Android devices—Nokia 3, Nokia 5 and Nokia 6—and the good ol’, indestructible Nokia 3310 in a modern, re-calibrated avatar. The euphoria around the […]

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Xiaomi targets $14.5 bn revenue in 2017, to focus on offline retail

10398368_1708476892700208_5232992763831935948_nChinese smartphone maker Xiaomi aims to achieve revenue of 100 billion Chinese yuan ($14.5 billion) in 2017. Furthermore, the company has identified five focus areas in the coming year: technological breakthroughs, new retail strategy, globalisation, artificial intelligence and Internet finance, Lei Jun, Xiaomi’s chief executive said in a letter to employees on Wednesday. “In 2016, […]

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Xiaomi India revenues touch $1 bn in 2016

XiaomiChinese smartphone maker Xiaomi Inc registered revenues of $1 billion (nearly Rs 7,000 crore) in India in 2016, attaining operational profitability within two years of entering the Indian market, a financial daily reported on Thursday. The smartphone maker, which launched its most popular smartphone Redmi Note 3 last year, doubled its sales from 2015 as […]

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Xiaomi’s Q3 sales crossed 2 mn mark in India

Xiaomi's Q3Xiaomi has claimed that it has sold over 2 million smartphones in India in the third-quarter of 2016. The Chinese company’s India head Manu Kumar Jain tweeted saying the company has sold over 2 million smartphones in Q3 2016 marking a 150% year-on-year growth. Xiaomi’s strong sales in this quarter is its best yearly performance […]

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Great Wall Club Innovator Fund plans more deals in India

Barret-ParkmanSilicon Valley-based early stage investor GWC Innovator Fund plans to step up seed investments in India by backing five to ten startups in a year from its new $20 million fund, its co-founder Barret Parkman told Techcircle. GWC Innovator Fund is an offshoot of Great Wall Club (GWC), the company that conducts mobile and internet […]

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We won’t stop at 16% market share; we want 70%, says GOQii’s Vishal Gondal

Vishal-Gondal_GOQII3In a year when funding crunch has become a buzzword, Vishal Gondal, raised funds twice for his fitness technology venture GOQii. Last week, the startup raised an undisclosed amount from seasoned investor Ratan Tata and in February, the venture capital arm of Edelweiss Financial Services Pvt Ltd had invested in the firm. Gondal believes in […]

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