Just In
- 44 min ago Realme Narzo 70 & Narzo 70x Launching Today in India: Check Price, Specs, Live Stream Details
- 2 hrs ago Vivo T3x 5G Goes on Sale in India at 12 noon Today via Flipkart: Check Price, Specs, Offers
- 2 hrs ago Microsoft Launches Phi-3, its Smallest Open-Source AI Model Yet!
- 7 hrs ago Apple Confirms Special Event for May 7: iPad Air, iPad Pro 2024 Models Expected
Don't Miss
- News Odisha Elections 2024: Naveen Patnaik Roots 'Double Conch' Against BJP's 'Double Engine' Campaign
- Automobiles Kia Carens Earns Mixed Safety Ratings Amidst Growing Popularity In India
- Finance Okay Play India Posts 12.79% Revenue Growth In Q4 After 1:10 Stock Split Approval
- Education Karnataka SSLC Class 10 Result, Tentative Date, How and Where to Check KSEAB Result 2024
- Travel Fly in Luxury: 10 Ways to Get Free Flight Upgrades
- Lifestyle Why You Should Soak Mangoes In Water Before Consuming Them, This Small Step Comes With Big Rewards!
- Movies Arti Singh Mehndi Ceremony: Bride-To-Be Stuns In THIS Unconventional Pre-Wedding Outfit, Inside PICS Revealed
- Sports ONE Friday Fights 60: Start Time, Card, Telecast & Live Streaming Details
Gionee confirms its restructuring plans for India
Gionee's statement comes a day after reports about Gionee planning to scale down its operations in India emerged online.
Chinese phone maker Gionee has confirmed its restructuring plans for India. However, one of the top executives of the company has said that it doesn't intend to scale down its operations in the country. Chang David Chang, Global Sales Director, Gionee India told IANS, "We are in the process of restructuring our India team and executing a completely different business model for the brand in the market very soon,"
"We are equally excited about our presence in the Indian market and would like to assure all Gionee lovers that the brand is here to stay," Chang added. His statement comes a day after reports about Gionee planning to scale down its operations in India emerged online. According to Counterpoint Research, the company had 2.2 percent share in the Indian smartphone market for 2017.
Gionee, which arrived in India in 2012, claims to have a retail presence in over 42,000 stores along with 600 exclusive service centers in the country. The company also claims to have a customer base of
1.25 crore in India. Furthermore, the company has lately been aggressively pushing for sports sponsorship.
Apart from that, Chang also dismissed the rumors of Gionee facing financial woes in paying its suppliers in China. "Recently, on 16th January 2018, some slanderous information about Gionee's senior executive was reported on social media, in an attempt to malign the reputation of the company," Chang was quoted as saying by IANS.
"We, hereby, announce this information is proved to be untrue," added the Gionee executive.
The Chinese media reported last month that a local court has frozen 41.4 percent stake of Gionee Chairman and Chief Executive Liu Li Rong for two years. While the exact reason was not known, reports suggested it was because of the "gambling debts".
"Gionee continues to hold a market share of 3.3 percent in China and is determined to grow steadily over the years to come," Chang noted.
Coming back to the Indian market, after running domestic operations for almost five years, Gionee India's CEO and Managing Director Arvind Vohra resigned from his position in August last year. However, Vohra still continues as the company's Executive Director.
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
79,900
-
1,39,900
-
1,29,900
-
65,900
-
1,56,900
-
1,30,990
-
76,990
-
16,499
-
30,700
-
12,999
-
14,999
-
26,634
-
18,800
-
62,425
-
1,15,909
-
93,635
-
75,804
-
9,999
-
11,999
-
3,999