Chinese tech major Xiaomi will soon introduce smart TVs under the Redmi brand in India as it looks to further expand its position in the burgeoning smart TV segment in the country. Speaking to PTI, Xiaomi India Category Lead (Smart TV) Eshwar Nilakantan said when the company had introduced its smart TVs in 2018, its aim was to increase the smart TV penetration in the country and democratise the segment. In 2018, the penetration was 18 per cent, less than one-fifth of the TVs sold were smart and we wanted to democratise the segment like we had done for smartphones. Since then, the 18 per cent has grown to a little over 55 per cent. We have grown with the market and sold over 5 million smart TVs, he said.
Read more about China s Xi claims complete victory in eradicating absolute poverty on Business Standard. President Xi Jinping declared that China has scored a "complete victory" in its fight against poverty
Read more about China s central bank pumps cash into the financial system on Business Standard. China s central bank pumped cash into the financial system through open market operations
Read more about Govt set to clear new Chinese investment proposals in coming weeks: Report on Business Standard. Among the proposals delayed was China s Great Wall Motors acquisition of a General Motors plant in India
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