Top Ad 728x90

Monday, 15 October 2018

,

Emergence of Xiaomi creates tension among competitors

Emergence of Xiaomi creates tension among competitors



The sudden emergence of Chinese smartphone manufacturer Xiaomi in India has raised the concerns of other veterans in this sector. The company is gradually expanding its business in India. Xiaomi has stepped into the TV segment after launching smartphone and is now preparing to start financial services.

Xiaomi's plan is to land in Consumer Finance and Business-to-Business Lending Market. According to its recent regulatory disclosures, it is now preparing to launch a non-banking financial company (NBFC). The new company, Xiaomi Financial Service India, will soon get approval from the RBI to work as NBFC.

It's scheme is to provide loans to consumers to purchase electronics, home appliances, lifestyle products, vehicles, furnishings, office equipment etc. Apart from this, it will also provide credit for the purchase of goods to entities such as Companies, Corporate.

Share this post

0 comments:

Post a Comment

Top Ad 728x90