Analysis of Xiaomi's Oversea Expansion Strategy: The Case of Indian Market
DOI:
https://doi.org/10.54097/a1qh4669Keywords:
Overseas marketing, Corporate strategy, Localization, XiaomiAbstract
This paper analyzes the opportunities and challenges faced by Xiaomi mobile phones in the Indian market and explores its market strategies. It is pointed out that the Indian market offers Xiaomi opportunities such as policy advantages, huge market potential, and technological resource strengths. However, it also faces intense market competition and uncertainties in the political environment. Xiaomi has adopted market strategies in the Indian market such as cost leadership, product differentiation, and business ecosystem expansion, as well as an operational strategy that combines online and offline channels. The paper concludes with recommendations to enhance brand building, strengthen localization strategies, and reinforce risk management and government relations maintenance to improve Xiaomi’s competitiveness and brand influence in the Indian market.
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