Xiaomi has secured a whopping $1 billion loan to expand globally and increase its retail footprint. The Chinese smartphone maker has revealed that it has secured a three-year syndicated loan agreement from 18 banks across Europe, Middle East, India, China, Hong Kong and Taiwan. Deutsche Bank and Morgan Stanley served as joint global coordinator, with Bank of China (Hong Kong) Limited, Deutsche Bank AG, and Wing Lung Bank.
YU Televentures has just announced a new partnership with Reliance Retail that will put their smartphones on sale at physical offline retail stores across the country.
In a bid to further strengthen its position in the highly demanding smartphone market, Xiaomi has announced that it will start selling phones via physical retail stores in India.
Apple already have several around the world, Samsung are getting in on the act and Microsoft have their stores in the US as well so it’s only fitting that the world’s number one search company, Google, has joined in the act with the opening of its first global retail store in London. Continue reading “World’s first Google store launches in London”
Carphone Warehouse, one of the largest retailers with over 1700 stores in Europe, is entering into a crucial partnership with Samsung, in which it will operate 60 new Samsung exclusive stores across Europe, as a “preferred partner”. This is also an interesting development for Samsung, as this deal will massively improve the retail foot print in all the Android-loving parts of Europe. These new 60 stores will be Samsung exclusive experiences, with Carphone Warehouse contributing its part with retail experience and run Samsung’s stores with what it calls “Carphone Warehouse’s assisted sales tool and connectivity platform”, all with Samsung tablets.