GGV’s Jenny Lee says Xiaomi doesn’t need to come to the U.S. yet

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Xiaomi is certainly one of the Most worthy startups in the global and has transform a large icon in smartphone design, occasionally prompt as an analog to Apple in China.

The corporate’s flagship telephones obtain a ton of press in the U.S., too, however they aren’t to be had in the U.S. simply yet. As a substitute, Xiaomi is taking a look to rising markets like India as well as to getting its telephones into the arms of customers in China. Jenny Lee, a managing spouse at GGV, mentioned that is an intentional transfer for the corporate. Xiaomi, as an alternative, must glance to the ones rising markets as an alternative of even bothering with coming to the U.S. simply yet.

“In my view, no,” she mentioned when requested whether or not or now not the corporate must move into the U.S. She talked a little extra about Xiaomi and the company’s funding on degree at TechCrunch Disrupt SF 2017.

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A part of the reason why is that Xiaomi, continuously identified for attempting to construct top class telephones for a extra obtainable marketplace, wishes to search for markets that in point of fact need the ones sorts of merchandise. The U.S. is closely focused by means of corporations like Apple and Samsung, the place customers have the skill to prohibit the prematurely value of the ones top class merchandise whilst nonetheless getting their arms on very high-end telephones with large worth tags. In the meantime, numerous the global remains to be a inexperienced box when it comes to getting large telephone manufacturers into the arms of customers.

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“When new markets emerge for mobile, Xiaomi is looking at emerging economies and mobile internet [markets that are getting] their first access,” Lee mentioned. “While you take into consideration the 7 billion global pop, China being 1.four billion, we’re taking a look the place is that rising financial system. Should you take a look at the US marketplace, it’s absolutely penetrated from a cell phone viewpoint. In case you are Xiaomi you’re looking at the place is that massive marketplace, you aren’t going to come to the US as the first global marketplace. You’re gonna be taking a look at markets like Indonesia, like India.