lei jun, founder, chairman and ceo of xiaomi group: strengthen cooperation in emerging industries
2024-09-08
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lei jun, founder, chairman and ceo of xiaomi group, stated at the 8th china-africa entrepreneurs conference that africa's economic growth rate is higher than the global average, and the construction of the african continental free trade area has promoted cross-border trade cooperation and market integration. in particular, many african countries have introduced policies to support domestic green transformation. he hopes to have the opportunity to strengthen cooperation with african companies in emerging industries including new energy vehicles.
lei jun introduced that the african market is a very important part of xiaomi's international business. xiaomi entered the african market in 2017. under the guidance of a series of china-africa cooperation initiatives, xiaomi has carried out business in 16 african countries including egypt, south africa, morocco, algeria, nigeria, etc. the next step is to expand into the markets of senegal, cote d'ivoire, angola, cameroon and other countries, and continue to increase investment in the african continent. in the second quarter of this year, xiaomi's smartphone market share in africa achieved a substantial year-on-year growth of 45%. in the future, xiaomi will continue to bring more high-quality, high-tech and cost-effective products to african users.
emerging industries have huge potential for development and represent the direction of technological innovation and industrial development. lei jun said that with the accelerated evolution of a new round of scientific and technological revolution and industrial transformation, companies in emerging fields need to increase investment in the research and development of key core technologies, make up for existing shortcomings and deficiencies, and promote the industrialization and application of technological achievements.
in addition, we need to strengthen talent training in various fields. africa has a population of 1.4 billion, more than half of whom are under the age of 25. we should transform the abundant human resources into dividends to promote the development of emerging industries, increase the training of local technical talents, and further improve the training mechanism.
lei jun said that he hopes that the spirit of china-africa friendship and cooperation can be deeply embedded in the exchanges between chinese and african enterprises and entrepreneurs, "let us help each other in the international market competition, discuss and create development opportunities together, and work together to achieve win-win cooperation." (economic daily reporter zhou mingyang)
