Xiaomi CEO of China’s mobile phone industry’s in order to return to work as soon as possible

SHANGHAI (Reuters) – Xiaomi Corp CEO Lei jun pointed out, China’s smart phone industry, in order to return to work as soon as possible, as the corona virus disease outbreak continues to disrupt economic activities in the country as a whole.

FILE PHOTO: Xiaomi founder and CEO Lei jun attends a product launch event of Xiaomi Mi9, Pro 5G, Beijing, China, September 24, 2019. REUTERS/Jason Lee

He made the comments on a product, it is available to view online starting on the Monday before the company’s new flagship Mi 10 phone series.

At the start of the event, a Lei, a native of Hubei province, where the virus broke out, pulled out a face mask, to show support for the effort to protect the health of the global crisis.

“I am from Hubei, and spent four years in Wuhan, in the college, my feelings for the Wuhan’s are pretty deep,” Lei said in his speech.

“I think Wuhan is a beautiful city, and I believe it is, which is the good, and optimistic, the people of Wuhan, you can be sure to fight against this virus,” he added.

In December, Xiaomi has opened a second corporate headquarters in Wuhan, which now has about 2,000 employees.

Manufacturing companies and suppliers in of a large part of China, including those in the smartphone industry, have suspended production as the country battles with the feline corona virus. Although travel restrictions have been eased in some areas, the migrant workers are reportedly struggling to get back to work, and many of the stores and the shopping malls are empty or closed.

Analysts are expecting that the virus will cause smartphone shipments to and from the mainland of China, to fall about 40% in the first quarter compared to the same period one year ago, and, as a result of supply chain disruptions, and the mark of the confidence and trust of the consumer.

Xiaomi and its domestic rivals, including Huawei Technologies, Co., Oppo, and Vivo had been hoping to drive sales by 2020, with the release of more 5 g of the phones that are compatible with the country’s recently upgraded telecommunications infrastructure.

Xiaomi said in a stock market filing earlier on Thursday that it expected its revenue by 2019, to more than 200 billion yuan ($28.65 billion), an increase of 174.9 billion yuan the previous year.

Reporting by Josh Horwitz; Editing by Kim Coghill

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