Ratan Tata Is The Only Indian Investor in Xiaomi, IPO Filing Reveals

Jun. 19, 2018

A BloombergQuint report says, Tata is, as per Xiaomi’s IPO documents, the only Indian investor in the company, which has built a name for itself on the back of affordable quality smartphones. The former Tata Group chairman routed his investments through RNT Associates International, according to BloombergQuint.

While it’s no secret that Xiaomi’s biggest market is India, it’s biggest challenge remains the US market, where it has still not made a sure-footed entry. But in India too, the company is facing fresh challenges from companies that are beating it at its own game. The likes ofHonor, Asus, Oppo and Vivo have made life difficult for Xiaomi and in some ways the warm reception for Xiaomi has resulted in positive impact for its rivals too.

“Now with players like Huawei and Oppo targeting the Indian market more aggressively and Samsung too refreshing its portfolios, all this could slow down its growth in the country,” Karn Chauhan, research analyst at Counterpoint Research was quoted as saying.

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