It is worth noting that Xiaomis share price rose 4.08% to HK $11.22 on January 2, with a total market value of HK $269.5 billion.
Lenovo left in the front foot and Xiaomi joined in the back foot
On the morning of January 2, 2020, Lei Jun, founder of Xiaomi group, announced through his microblog, on the first day of work in 2020, welcome Chang Cheng to join Xiaomi as vice president of Xiaomi group, in charge of mobile phone product planning.
In the face of Lei Juns microblog, Chang Cheng forwarded it to Guan Xuan, working hard for his dream on the first day of 2020, excited and excited.
Screenshot of Changcheng Weibo
Chang Cheng has 3.17 million followers on Weibo. Because of his frequent contact with friends and businessmen on Weibo, Chang Cheng is honored as king of porcelain or connect. Before that, Chang Cheng also said to these nicknames, in fact, it doesnt matter that they are not care. Anyway, they spend money and God can call them whatever he wants.
Talking about the frequent touch porcelain of Xiaomi and other mobile phone manufacturers, Chang Cheng thinks that touch porcelain is for the existence of Lenovo Mobile brush. In fact, when he was interviewed in the past, he expressed guilt to Xiaomi, who often touched porcelain. He recalled the scene when he met Lei Jun for the first time. In a product called eggplant quick pass, Xiaomi helped Lenovo to pre assemble and promote it. He also said, Xiaomi will go to Xiaomi every year since now..
Chang Cheng left Lenovo at such a fast speed and joined Xiaomi, a company with a high degree of business overlap, which led to doubts about whether Chang Cheng had non compete clause. Later, some media reported that Chang Cheng had not signed a competition agreement with Lenovo.
But on the afternoon of January 2, a spokesperson of Lenovo Group told the reporter of nbdnews that the company and all senior executives have signed non competition clauses. If there is any breach of contract, the company will seek proper solutions within the legal framework, and jointly create a talent flow space that respects the essence of the contract.
According to the first financial report, Xiaomi group responded to Lenovos statement that there is no competition clause and no compensation for competition.
According to Yang Baobao, an expert in labor law and a lawyer from BOC law firm in Beijing, competitive agreements refer to the way in which employees sign labor contracts with the company, attach competitive restriction clauses to confidentiality agreements, or sign separate competitive restriction agreements to prevent employees from competing after leaving the company, zhongxin.com reported Special agreement for competitive industry work. Whether a person has a non competition agreement depends on whether he has signed relevant agreements with the company.
In general, there will be a time limit for non compete clauses, Yang said. In practice, competition restriction is like a cat and mouse game. Sometimes employees and employers hide each other. From the legal point of view, we should abide by the basic agreement. If a person takes the former companys competitive restriction compensation and goes to work in a new company, it is against the integrity, and he should also bear the corresponding liability for breach of contract. Yang Baobao said.
Once said that I couldnt sell the iPhone, it was a failure
Now the market share in China is close to zero
It is worth noting that Lenovo said that Chang Chengs work will be managed by Zhao Yunming, vice president of Lenovo Group and head of Lenovo Mobiles emerging market in Asia Pacific, who is also the fifth head of Lenovos mobile phone business in four years.
In June 2015, Lenovos mobile phone business took over for the first time. Liu Jun resigned as Lenovos executive vice president, President of mobile business group and chairman of Motorola Management Committee, and Chen Xudong took over.
In November 2016, Lenovos mobile phone business changed again. Qiao Jian, who was formerly in charge of human resources, replaced Chen Xudong to lead Lenovos China business. However, during its leadership, Lenovos mobile phone experienced a personnel shock, and its sales decline was not blocked, even falling out of the top ten in China.
On May 8, 2018, Lenovo merged the personal computer and intelligent device business group with the mobile business group to establish a new intelligent device business group. Chang Cheng, who once led the Zuk brand to fight closely with Xiaomi and other brands, succeeded Qiao Jian and became the head of Lenovos China mobile business.
Behind the frequent change is the gradual decline of Lenovos mobile phone business.
In fact, Lenovos mobile phone business is earlier than Xiaomi Huaweis apple. In April 2002, Lenovo Mobile Communication Technology Co., Ltd. was established, mainly engaged in the R & D, production, sales and service of Lenovo brand mobile phones.
By September 2009, Lenovos market share had reached the third place in Chinas mobile phone market and the first place among domestic mobile phone manufacturers. In 2010, Lenovo Group announced its mobile Internet strategy in a high-profile way at the consumer electronics show in the United States. It launched the first smart phone, Le phone, which focuses on the high-end market, and has to make up its mind to fight against the iPhone.. At that time, Yang Yuanqing had a great deal of passion: Le phone cant sell iPhone, its a failure!
Around 2012, Lenovo Mobile, ZTE, Huawei and Kupai were called China Kulian. IDC data shows that in 2012, Lenovos mobile phone shipments and market share were second only to Samsung in the Chinese market.
In the next two years, Lenovos mobile phones were thriving. In January 2014, Lenovo Mobile purchased Motorola from Google for $2.9 billion, and bought 3500 employees, 2000 patents, and more than 50 operators worldwide.
According to the analysis, Lenovos huge mobile phone shipments are based on the channel dependence of operators. With the transformation of Huawei and the birth of Internet brands such as Xiaomi and glory, Lenovos disadvantages of relying on operator channels began to appear. In addition, oppo and vivo continued to make efforts, entering 2015, Lenovos mobile phone sales fell sharply. According to IDC, in the first quarter of 2015, Lenovos mobile phone shipments fell by 22.8%.
Lephone advertisement, video screenshot
According to the latest data, Lenovo Mobiles performance in China is even worse.
At the end of the second quarter of 2019, Lenovo (including Motorola) sold only 300000 mobile phones in China, according to counter point, a third-party market research institution. Lenovos market share in China is rounded to zero. Source: editor in charge of daily economic news: Chen Hequn, nb12679
At the end of the second quarter of 2019, Lenovo (including Motorola) sold only 300000 mobile phones in China, according to counter point, a third-party market research institution. Lenovos market share in China is rounded to zero.