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Global technology leader Xiaomi came in second as one of the leading smartphone brands in Central and Eastern Europe in the third quarter of 2020, with a growth of 80% over last year and reaching a market share of 27%, according to Canalys.
The company grew by 91% and reached 19% of the market share in Europe and remained the third smartphone brand in the same period.
"Central and Eastern Europe have been one of the key regions on Xiaomi's path to global expansion. Over the past quarter, we have introduced many new products to meet the growing daily demand in the region," said Andrew Wong, Xiaomi's general manager for Central and Eastern Europe, the Nordic and Baltic countries.
"We have seen multiple increases in our performance thanks to all our efforts to consolidate the online and offline retail system and the unwavering support of our business partners," he added.
In Central and Eastern Europe, Xiaomi climbed one place to become the second-largest smartphone brand in the second quarter of 2020. In the same report, Xiaomi continued its leading role as the top smartphone brand in Poland and Ukraine for the second and eighth consecutive quarters, with market shares of 29% and 40% in the third quarter.
About Xiaomi
Xiaomi Corporation was founded in 2010, and on July 9, 2018, it reached the list of the Main Board of the Hong Kong Stock Exchange. Xiaomi is an internet company with smartphones and smart hardware connected to the IoT platform at its core.
With equal emphasis on innovation and quality, Xiaomi continuously strives for a high-quality user experience and operational efficiency. The company is constantly producing amazing devices at affordable prices so that everyone can enjoy a better life through innovative technologies.
Xiaomi is currently the world’s third-largest smartphone brand and has founded the world’s leading IoT platform with 271 million smart devices connected to its platform, not counting smartphones and laptops. Xiaomi products are present in more than 90 markets worldwide.
In August 2020, the company was on the Fortune Global 500 list for the second time, taking 422nd place, which is 46 places more than last year. It also ranked 7th among Internet companies on the list. In May 2020, the company again reached the Forbes global list of 2000, and its ranking jumped to 384th place.
Xiaomi is an integral part of the Hang Seng Index, the Hang Seng Chinese Company, and the Hang Seng TECH Index.
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