TaiShang
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Excellent! China brands practically dominate the market. Xiaomi will grow big as it places itself as a smart-electronics company. As you say, Xiaomi is currently busy building up a life-style around its products.
Keep in mind that the company was only founded in mid-2010.
The current trend is primarily moving to interior of China and ASEAN, where productivity per capita is high, workers have good work ethics and infra is good. More and more Chinese companies will open their factories in Southwest Asia to lower the cost and then ship the products to China and across the world.
The next big destinations for global investment are ASEAN and interior China. India might receive a little bit but it will likely have to share the larger portion with SEA -- especially with China's integration projects. China is struggling to keep the investment heavily concentrated nearby, if not in China's interior territories.
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CEO Lei Jun said on Thursday that people think Xiaomi does not respect technological innovation and has no patents. He added, "I think everyone misunderstands," reported PC World. While revealing the new Mi Note, Jun said that the company had applied for 2,318 patents last year, out of which 665 were outside of China. However, Xiaomi's patent portfolio is comparitively weak as it was founded only in 2010. Jun said that, on a hopeful note, the company will have tens of thousands of patents in the coming years.
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Please note: As of 2013.
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