China's Support For Cuba Has Limitations When Exports Of Cellular Devices To United States Impacts Xiaomi Corporation
/Despite the commercial, economic, and political support provided to the Republic of Cuba by the People’s Republic of China, including the provision of equipment to develop the 800-mile long archipelago’s cellular network for use by its 11.3 million citizens, the ability of and desire by People’s Republic of China-based companies to export to the United States continues to impact exports to the Republic of Cuba. Every relationship has its limitations…
“14. Exportation: 14.2 The Contract and all Products sold are subject to applicable export control laws, including but not limited to the export control laws of. the US and Buyer’s own jurisdiction. The Buyer will not export any product purchased from the Seller to any country or territory or anywhere if the export control laws forbid it. Prohibited countries and territories include Cuba, Iran, Syria, North Korea, Sudan, and the Crimea region. If the Buyer plans to export any Products purchased from the Seller to another country, the Buyer you must obtain the required export licenses (or other government approvals) before doing so.”
From The Company
“[Beijing, China-based] Xiaomi Corporation [2020 revenues approximately US$38 billion] was founded in April 2010 and listed on the Main Board of the Hong Kong Stock Exchange on July 9, 2018 (1810.HK). Xiaomi is a consumer electronics and smart manufacturing company with smartphones and smart hardware connected by an IoT platform at its core. Embracing our vision of “Make friends with users and be the coolest company in the users’ hearts”, Xiaomi continuously pursues innovations, high-quality user experience and operational efficiency. The company relentlessly builds amazing products with honest prices to let everyone in the world enjoy a better life through innovative technology.”
“Xiaomi is one of the world's leading smartphone companies. The company’s market share in terms of smartphone shipments ranked no. 2 globally in the second quarter of 2021. The company has also established the world’s leading consumer AIoT (AI+IoT) platform, with 374.5 million smart devices connected to its platform (excluding smartphones and laptops) as of June 30, 2021, excluding smartphones and laptops. Xiaomi products are present in more than 100 countries and regions around the world. In August 2021, the company made the Fortune Global 500 list for the third time, ranking 338th, up 84 places compared to 2020. Xiaomi is a constituent of the Hang Seng Index, Hang Seng China Enterprises Index, Hang Seng TECH Index and Hang Seng China 50 Index.”
Global Times
Beijing, China
12 September 2021
Xiaomi's reported move to lock smartphones in Cuba, Iran, North Korea, Crimea not targeting any specific market: company
Xiaomi's reported move to lock smartphones in countries and regions including Cuba, Iran, Syria, North Korea, Sudan and Crimea is "not targeting any specific market," and it is a cross-regional governance that aims to prevent smuggling through the grey market and protect user data security, the company's spokesperson told the Global Times on Sunday.
The statement comes after some media reported that the Chinese handset-maker blocked its smartphones in the countries and regions mentioned earlier, where the company has not set up an official presence. Xiaomi's export policy does not allow its customers to export any products to those banned countries and regions. However, according to media reports, a grey market has been expanding in recent years and it has been quite common for customers to buy Xiaomi devices in one region and use them in another.
Some media have attributed Xiaomi's recent move to lock its handsets to the US' "long-arm jurisdiction," speculating that Washington is exerting pressure on the Chinese company to block phones used in those sanctioned countries and regions. In response, Xiaomi said that it "temporarily" locked some smartphones to prevent and investigate potential smuggling that hurt users' information security and consumers' rights. "The investigation has achieved significant results, and the affected devices can be unlocked now," Xiaomi's spokesperson said.
In the Q2 of 2021, shipment of Xiaomi smartphones ranked second in the global market for the first time, buoyed by a rapid growth in overseas markets, according to a report issued by Gartner. Xiaomi also accounts for about 15 percent of the market share in Cuba, according to data by research firm Statcounter.
Priceworms.com
Xiaomi has quickly climbed the ladder up the mobile manufacturing industry to become one of the world’s most renowned brand. Xiaomi is a Chinese based privately owned business that is known for manufacturing of smartphones, consumer electronics, TVs, fitness tracers and other electronic accessories. The smartphone manufacturer is known for its low-cost high-end smartphones, competing some of the biggest names in industry. Xiaomi mobiles hasn’t got the fame and acceptability in American smartphone market like it has over some of the other markets in the world. Still, it is fast becoming a popular brand in many major Cuba's cities including Havana, Holguin, Santa Clara, Trinidad, and Varadero etc. The mobile phone manufacturer relies heavily of flash sales and digital marketing concepts that helps its cause to save on traditional marketing costs; consequently, offering cheaper product than most competitors. The company has recently launched its latest high-end MI Mix2 smartphone in Cuba. The smartphone is quickly gaining attention of large Cuba mobile market segment for its premium bezel-less design, ultra-high features, and low cost. The average cost of Xiaomi mobiles in Cuba range CUC200 to CUC450. Though the mobile isn’t available with any major Cuba carrier services, still keeping the low cost of products in mind, the smartphone is definitely a catch for people looking for high-end features at some seriously low prices.
