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CK Hutchison and Xiaomi form Global Strategic Alliance
- Strategic alliance covers Xiaomi smartphones and IoT and lifestyle products for sale in CK Hutchison’s telecom and retail divisions across the world
(Hong Kong, 3 May 2018) CK Hutchison Holdings (“CK Hutchison”), a multinational conglomerate spanning over 50 countries, and global technology leader Xiaomi, announced today the forming of a global strategic alliance that will bring Xiaomi’s smartphones, as well as IoT and lifestyle products, to the telecom and retail divisions of CK Hutchison Group across the world.
The alliance will broaden the product range of CK Hutchison’s 3 Group and A S Watson brands and help accelerate Xiaomi’s international expansion. CK Hutchison has over 17,700 retail and telecom stores worldwide, close to 130 million active mobile customers and 140 million loyal retail customers. Xiaomi products will initially be available at 3 Group’s stores in Austria, Denmark, Hong Kong, Ireland, Italy, Sweden and the UK and in A S Watson’s Fortress, Superdrug and Kruidvat stores in Hong Kong, Ireland, the UK and the Netherlands. Xiaomi will also extend its collaboration with CK Hutchison’s operator channels in European markets. The agreement covers certain preferential arrangements for smartphones in the telecom markets in Denmark, Ireland and Sweden, and for Xiaomi’s “Mi Ecosystem” IoT and lifestyle products in certain markets.
Wang Xiang, Xiaomi Senior Vice President, said, “We are thrilled to ink this win-win partnership with CK Hutchison, which is a global leader in the retail and telecom industries. As we deepen our international footprint, we are excited to partner with CK Hutchison, which will enable us to deliver on our vision to bring innovation to everyone across the world. I believe our wide range of high-quality, well-designed products at accessible and honest pricing will be warmly welcomed by CK Hutchison’s customers.”
“We are excited by this agreement with Xiaomi. With CK Hutchison’s global retail and telecom footprint, Xiaomi will have access to hundreds of millions of customers instantly,” said Canning Fok, CK Hutchison Group Co-Managing Director. “Xiaomi has high quality, well-designed products at accessible prices. We expect them to be well received by both our telecom customers and our general retail customers. This is a win-win situation for both companies.”
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Mr Wang Xiang, Xiaomi Senior Vice President; Mr Dominic Lai, CK Hutchison Deputy Managing Director and A S Watson Group Managing Director; Mr Cliff Woo, Hutchison Telecom Hong Kong Chief Executive Officer and Ms Clarice Au, Fortress General Manager at the CK Hutchison – Xiaomi Global Strategic Alliance ceremony.
About CK Hutchison Holdings Limited
Listed on The Stock Exchange of Hong Kong Limited, CK Hutchison Holdings Limited (CK Hutchison) is a renowned multinational conglomerate committed to innovation and technology with businesses spanning the globe. With operations in over 50 countries and over 300,000 employees worldwide, CK Hutchison has five core businesses - ports and related services, retail, infrastructure, energy and telecommunications.
CK Hutchison reports turnover of approximately HKD415 billion (USD53 billion) for the year ended 31 December 2017.
For more information, please visit www.ckh.com.hk
About Xiaomi
Xiaomi was founded in 2010 by serial entrepreneur Lei Jun based on the vision “innovation for everyone”. We believe that high-quality products built with cutting-edge technology should be made accessible to everyone. We create remarkable hardware, software, and Internet services for and with the help of our Mi fans. We incorporate their feedback into our product range, which currently includes Mi and Redmi smartphones, Mi TVs and set-top boxes, Mi routers, and Mi Ecosystem products, including smart home products, wearables and other accessories. With presence in over 70 countries and regions, Xiaomi is expanding its footprint across the world to become a global brand.