Chinese smartphone firms are increasingly relying on Reliance Retail s distribution arm to reach stores in the hinterlands due to a slowdown in online sales. Xiaomi s sub-brand Poco has forged a strategic partnership with Jio Mart Digital to distribute its devices to around 80,000 retail stores across the country. This comes as offline retail channels accounted for 61% of sales in the first quarter of 2024, up from 56% in the previous three-month period. Xiaomi and Transsion saw the fastest growth in the quarter to March.
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Poco F5 5G Launch: The Poco F5 5G was launched in India today (May 9) coinciding with the global launch event, where additionally the Poco F5 Pro was also launched. The Poco F5 5G is the first phone in India to bring the Qualcomm’s Snapdragon 7+ Gen 2 chipset. Find out about Poco F5 Pro global launch and Poco F5 price, specification, when will it go on sale on Flipkart, discounts and more in this Business Today Visual Story.