US EUROPE AFRICA ASIA 中文
    Business / Technology

    Qiku stirs up crowded smartphone market

    By Gao Yuan (China Daily) Updated: 2015-05-07 07:27

    Qiku stirs up crowded smartphone market

    Zhou Hongyi, founder and CEO of Qihoo 360 Technology Co Ltd, unveils the smartphone brand Qiku in Beijing on Wednesday. Qihoo is teaming up with Coolpad Group Ltd to supply Qiku handsets. [Photo/China Daily]

    Firm expects to zoom past Xiaomi in sales with better looks, pricing

    The crowded smartphone market in China is about to add another heavyweight player with industry experts anticipating further price wars among the key players.

    Internet magnate Zhou Hongyi threw his hat into the smartphone ring on Wednesday and promised fans "exquisitely made" handsets that will surpass Xiaomi Corp both in quality and price.

    "I understand selling smartphones in China is a red ocean market, actually it is an ocean full of blood," Zhou said. The red ocean is used to describe a market packed with players and one in which profit margins are wafer-thin.

    "But I am entering the market anyway because I believe there is no market that cannot be overturned and the leaders will not be always on top," Zhou said.

    The 45-year-old, who headed Yahoo China in the early 2000s, drove out Internet security firms that charge customers royalties by introducing free-of-charge anti-virus software products about a decade ago. Zhou's Qihoo 360 Technology Co Ltd accounts for the lion's share of the for-private-use free online security market.

    His smartphone firm, named Qiku, is a joint venture with Coolpad Group Ltd, a major contract smartphone maker in China. The new brand will unveil three types of handsets running a tailored Android operating system as soon as next month.

    "Our device will easily sell at 5,000 yuan ($800) on the market, but we will offer buyers a remarkably lower price," Zhou said, without giving details of the products.

    The three handsets will each target low-, mid-and high-end markets with the lowest price tag at around 1,000 yuan, a Qiku employee familiar with the pricing strategy told China Daily.

    Local handset vendors opt to lower prices in the highly competitive smartphone market to grab bigger market share, industry sources said.

    Hours before Zhou announced the launch of the affordable devices, Xiaomi said it will lower the price of its flagship device Mi Note Pro by 300 yuan.

    At a rival show put on by the Beijing-based mobile firm, Xiaomi co-founder Lei Jun gave out free devices to reporters and said he has been trying to lower the price of the high-end Mi Note to maintain the company's lead in terms of market share. The original price for the device was 3,299 yuan.

    Lei also indicated that Xiaomi's next focus will be in India and other emerging markets where the competition is not as fierce and no one wants a price war.

    Previous Page 1 2 Next Page

    Hot Topics

    Editor's Picks
    ...
    中文字幕无码精品亚洲资源网久久 | 亚洲国产日韩欧美在线a乱码日本中文字幕高清 | 亚洲av无码天堂一区二区三区 | 最近免费中文字幕mv电影| 久久精品无码专区免费青青| 人妻AV中出无码内射| 日本按摩高潮a级中文片| 无码人妻视频一区二区三区| 天堂在线观看中文字幕| 中文字幕一区二区人妻性色| 潮喷失禁大喷水aⅴ无码| 亚洲国产一二三精品无码| 最近中文字幕大全中文字幕免费| 亚洲爆乳精品无码一区二区 | 99精品人妻无码专区在线视频区 | 无码AV岛国片在线播放| 国产品无码一区二区三区在线| 中文无码伦av中文字幕| 一本大道无码日韩精品影视| 精品无码久久久久国产| 中文字幕久久精品无码| 制服丝袜日韩中文字幕在线| 色噜噜综合亚洲av中文无码| 亚洲 欧美 国产 日韩 中文字幕| 国产在线拍揄自揄拍无码| 无码H肉动漫在线观看| 亚洲精品无码鲁网中文电影| 自拍偷在线精品自拍偷无码专区| 暖暖免费中文在线日本| 亚洲精品人成无码中文毛片| 精品久久久久久无码中文字幕| 99久久超碰中文字幕伊人| 无码精品日韩中文字幕| 中文亚洲欧美日韩无线码| 国产 日韩 中文字幕 制服| 亚洲欧美中文字幕高清在线| 中文无码制服丝袜人妻av| 91视频中文字幕| 中文字幕一区二区三区久久网站| 中文字幕高清有码在线中字| 中文字幕一区二区三区精彩视频 |