Since 2009, Xiaomi has been shipping smartphones at affordable prices to Hong Kong, China’s neighbor, as one of the top ten global mobile vendors. This Chinese company is following its strategy to expand Xiaomi mobile phones beyond China. Xiaomi Mobiles has a large market share in Hong Kong’s mobile industry.
The wide range of Xiaomi Mobile Phones available in Hong Kong is a testament to their high quality build. The Xiaomi Mi smartphones are top-end while the Redmi-series smartphones are lower-end. The newly launched Pocophone subbrand offers mid-range phones.
The best Mobile prices in Hong Kong made Xiaomi Mobile Phones popular in Hong Kong. This brand is known for producing affordable phones with top-of-the-line features. Xiaomi Mobile Prices in Hong Kong is also lower than those of Apple, Samsung, and Huawei mobile prices. Xiaomi Mi 9 and Xiaomi Pocophone F2 are the best examples of Xiaomi mobiles with flagship-level features in Hong Kong.
Have a look at the latest Xiaomi Mobiles available in Hong Kong.
Mi11 5G: The flagship Xiaomi phone, MI 11 5G has a 6.81 inch AMOLED display with QHD+ resolution. It comes with the Qualcomm SD888 Octa chipset and Adreno660 GPU. The handset has a Triple Rear Camera system, including a 108MP (f/1.9 sensor). The front has a 20MP Selfie Shooter. The phone comes in 12GB RAM or 256GB storage. The Mi 11 5G features a 4600mAh Li Po Battery with 55W Fast Wired, 50W Wireless Charging and support for 4600mAh Li-Po Batteries. It runs Android 11 OS and MIUI 12.
Poco M4 PRO:With Poco M4Pro, users get a 6.6inches wide IPS LCD display. The Xiaomi smartphone features Dimensity 810 and an Octa-core processor. It also has a Mali G57 CPU. The Poco M4 Pro has a Dual Rear camera system that includes a 50MP main sensor. The front has a 16MP Selfie Shooter. You can choose between 4GB RAM or 64GB ROM. The phone has a 5000mAh battery and 33W fast charging.
Redmi 11 4G: It is an affordable smartphone with a large 6.5-inch FHD+ display. The Redmi 11 4G is equipped with the Helio G88 Octa processor and Mali G52 graphics. Triple Rear Cameras are included on the device, including the main 50MP sensor. An 8MP Selfie Shooter is available. It has 4GB RAM and 128GB storage. Redmi phones have a huge 5000mAh battery and 18W fast charging.
An enormous Hong Kong IPO
One time, Xiaomi claimed that it was worth $100 Billion. Its funding as a private company would be limited by the amount it made and what investors could give it. Going public was the best option given the thin margins of the products.
With a market capitalization of approximately $50 billion, Xiaomi went public on Hong Kong Stock Exchange in June 2018. Although it’s less than $100 billion, it was still a remarkable achievement. This made Xiaomi the third-most valuable smartphone manufacturer in the world, after Apple and Samsung. Xiaomi has gone from being nothing to standing alongside the tech giants in less than a decade.
Xiaomi is believed be the first smartphone manufacturer to challenge the ridiculous pricing schemes of the majors. You can finally buy a smartphone that works for HKD1000! This is a far cry from my Sammy phone, which crashed every hour or so.
A new market segment was named “High spec, low price”, but quickly followers took over the market and ate the previous market share Xiaomi had. We now have Huawei, Lenovo and LeTV, Asus in this highly competitive market segment. Why should we be content with the little rice we are eating?
Probably due to its small size, Xiaomi often neglected the HK market. My friend still complains about the Redmi 3 not being released in HK. You’ll be amazed at how many options the Xiaomi online store in mainland China offers, compared to the HK store. They can’t stop losing hearts with the locals.
Another point: HKers are well-known for their love of electronic gadgets and many of them won’t mind spending money on the latest silicons. Budget phones are not suitable for many people’s tastes. The former success of Xiaomi is more likely to have been a marketing fad, and therefore not sustainable.
The accusation of Sinophobia for the declining popularity of Xiaomi is, at best, uninformed or offensive to the truth.
Shopify and International
We must now choose between two types Shopify architectures. Both will provide international support, but each has its pros and cons. Let’s now get to the point.
Shopify Multi-currency – Single-store
Shopify’s Multi-Currency Product is the easiest way to solve this problem – if possible. We’ll be covering the limitations below.
The user experience is simple. Customers can browse your store in many currencies and/or languages, and then add to their cart. Shopify converts the currency for you so that you can receive payments in the background.
The best thing about is that you only need one store, which makes it simple to test new areas. Cons
Multi-currency
Selling in local currency can lead to a loss of conversion. How can you sell in multiple currencies with Shopify?
Multi-currency will be the first of many’multis’ that you must do in order to shop internationally on Shopify. Every time, the recurring question is:
- Shopify Payments’ multi-currency feature allows you to open a single store
- Multi-store, with one store for each currency
Shopify will convert the currency for you before you receive your payment. This ensures that you get your money in the currency where your business/store is located. Canadian businesses can choose to pay in Canadian dollars (CAD), or US dollars (USD). Danish businesses can pay in Euro (EUR), or Krone(DKK).
Shopify charges processing fees that can vary depending on card type and whether it’s cross-border or domestic. Ask your Shopify Plus Sales Rep for a breakdown.
Shopify POS supports multi-currency
Shopify POS uses only your base currency. Shopify multi-currency does not allow you to sell in multiple currencies on any Shopify channel. You will need to open multiple stores if you are required to do so.
3D Secure & Secure
3D Secure is a type of two-factor authentication that banks use to reduce fraud. If you are in the UK you will be familiar with it. This is an additional step during checkout. To learn more about Shopify’s support of 3D Secure, and other elements in PSD2, please see our post.
SOFORT, IDEAL and other international payment methods
While most online payments are made via debit and credit cards, many countries have other options. SOFORT and IDEAL are two popular payment methods online in Europe.
Except in Germany, Shopify supports SOFORT. Learn more about SOFORT and Shopify here.
Shopify supports iDEAL, a Dutch method of payment.
This is a major step forward for Shopify in Europe, but it’s worth looking into popular payment methods in the countries you want to launch in to make sure they’re available on Shopify Payments.
