Qualcomm’s Wang Xiang hired as Xiaomi’s new Head Honcho

Wang Xiang played a major role in getting Qualcomm operational in china as well as developing relationships with Chinese Smartphone makers. Xiang was instrumental in getting Qualcomm’s chips into Xiaomi smartphones and Qualcomm also invested in Xiaomi. Xiang joined Qualcomm in 2010 before which he held positions at Motorola and Lucent /Agere. Xiang will be replaced at Qualcomm by Frank Meng.

Xiaomi already have Hugo Barra who was previously Google’s Vice president on board, as Vice President of Xiaomi International, so Xiang beomes the second big tech name to join Lei Jun's company.  Xiaomi was launched in 2010 and has gone on to become the world’s third largest Smartphone maker and number one in China. Last year Xiaomi sold 61 million smartphones and are aiming for 100 million in 2015.

Xiaomi have taken the Indian Smartphone market by storm with their devices which look like iPhones, are packed with great features but are competitively priced. This week the company launched their popular Mi 4i in a new dark grey colour for the Indian Market. The grey Smartphone will retail at the same price as the standard Mi 4i RS 12,999 ($205).

Although best known for their smartphones, Xiaomi sell a range of other products including power banks, flat screen TV’s with in-built set top boxes, headsets and the Mi fitness band. This week the company unveiled their new Mi Wi-Fi router.

Xiaomi also cash in on the popularity of their bunny mascot much loved by their strong army of Mi Fans. The Xiaomi bunny mascot retails at $16 with special editions costing up to $60. In 2014 Sales of the bunny accounted for $32 million of revenue.