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Huawei plans to invest $10 million for establishing the ecommerce business in Indian smartphone market

Huawei plans to invest $10 million for                              establishing the ecommerce business in Indian smartphone market

Introduction:

Chinese telecom gear and handset maker Huawei is planning to invest $10 million (about Rs 620 crore) in 2015 to beef up its presence in India's surging smartphone market.

Features:

This investment will go towards establishing a dedicated ecommerce team in Bangalore along with promotion and marketing of the brand. With $10 million investment, the company is targeting 2% market share by the end of December, 2015.

The company plans to continue launching low- to mid-range smartphones, the latest being Ascend Mate 7, which will hit the Indian market in a few days.

Specifications:

Company Name Huawei
Location India
Process Develop Business
Estimated Cost $10 million

 

http://economictimes.indiatimes.com

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