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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.
Mr Li Ka-shing, CK Hutchison Chairman (center back), Mr Lei Jun, Xiaomi Founder, Chairman and CEO (left back) and Mr Victor Li, CK Hutchison Group Co-Managing Director and Deputy Chairman (right back) witness the formation of a Global Strategic Alliance by the two companies, of which the agreement is signed by Mr Wang Xiang, Xiaomi Senior Vice President (front left) and Mr Canning Fok, CK Hutchison Group Co-Managing Director (front right).
The alliance will broaden the product range of CK Hutchison’s 3 Group and AS Watson brands and help accelerate Xiaomi’s international expansion. CK Hutchison has over 17,700 retail and telecom stores worldwide and close to 130 million active mobile customers in 11 countries. Xiaomi products will initially be available at 3 Group’s stores in Austria, Denmark, Hong Kong, Ireland, Italy, Sweden and the UK and in AS 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.”