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Showing posts with label Business Success Storys. Show all posts

Success Story of Mi (Xiaomi) Lei jun is the founder of Mi. He was born on 16 December 1969 in Xiantao, Hubai, China. He spent his...

Success Story of Mi (Xiaomi)



Lei jun is the founder of Mi. He was born on 16 December 1969 in Xiantao, Hubai, China. He spent his childhood in an industrial area named Wuhan. He graduated from a university of Wuhan in 1991 in computer science. During his time at the university, he read a book about Mr. Steve Jobs, he was so impressed with that book. That he wanted to establish his own first class business.


After completing his studies, Lei began working as an engineer in 1992 in a Chinese software company Kingsoft. Kingsoft has its own word processing, antivirus, software, gaming distribution and ecommerce etc. Lei jun became the CEO of this company in 1998. He created a website for selling this book of himself, named Joyo.com. Their website Joyo.com had grown so big in four years, that in 2004 Amazon com bought it in 75 million.


In 2007, Lei Jun resigned from the CEO post of Kingsoft. Lei became vice president of Kingsoft. Soon after, they invested in Vancl.com and UCWeb. Lei founded Xiaomi Inc in 2010.


In the next three months after aggressive hardwork, Xiaomi launched its first Android-based firmware, based on the name MIUI firmware. Soon after, a year later in August 2011, the company also announced its first smartphone - 'Xiaomi Mi1 year. This smartphone will be sent using MIUI firmware. And the next version in line was the Xiaomi Mi2 smartphone. The Mi2 was powered by Qualcomm's Snapdragon S4 Pro and it was announced in the following year.


In 2013, the company took another big step and hired the Vice President of Product Management for Google Android for Hugo Barra. They were included in the board as their new vice president to expand the company outside mainland China. He was in charge of Xiaomi's Global Division for managing all the company's products and operations in markets outside Mainland China. This year also saw some other developments. It included the launch of their new Smart TV. After this, his new and instant 3version - Mi3 phone was launched. By the end of this year, Xiaomi had become the fifth most used smartphone brand in China.



In 2014, Xiaomi entered the market by joining India's biggest e-commerce site - Flipkart. His influence in India was such that they were sold in the first 24 seconds. They sold a total of 40,000 smartphones. This is when the company decided to expand rapidly in India and eventually also shared with other e-commerce leaders like Amazon.com and Snapdeal.


Since its launch in just 5 years, Xiaomi has become the world's fourth largest smartphone manufacturer, now designing, developing and selling smartphones, mobile apps and related consumer electronics.


Some of their products include Mi Series, Redmi Series, MIUI, MiWiFi, MiTV, MiBox, MiCloud, MiTalk, MiPower Bank, Mi Band, and many other types of products.





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INTEX Success Story The story belongs to Intex Company and its founder Narendra Bansal. Narendra Bansal was born in 1963 in the vi...

INTEX Success Story



The story belongs to Intex Company and its founder Narendra Bansal. Narendra Bansal was born in 1963 in the village of Badra in Hanumangarh district of Rajasthan. Narendra Bansal's primary education was in his village's Panchayat School. After a few years, his family moved to Nepal and he studied up to his tenth of the 'Vishwaniketan High School' there. In 1980, his father settled in Delhi, including his family, and started working in a new market for grain business. Higher secondary education is completed by Narendra Bansal from a government school in Delhi.

Those days people used to have huge passion for listening to audio cassettes. Narendra Bansal started selling audio-video cassettes to fellow students and neighbors of his school. In this way they used to take out their studies and pocket expenses easily. Gradually, they started to develop market sense. They had a good experience of what is the demand of the market and how and where to do it.

Intex IT-2550 2.1 Channel Multimedia Speakers


Cardless phones were very prevalent in those days. He started servicing of Cardless Phone in the new market of Chandni Chowk. They started offering free home delivery and pick-up service for the servicing of Cardless Phone. At that time the concept of free home delivery was new. That's why his work started moving well. But the possibility of further advancement in this work was minimal. So they stopped this work. In his passion, he took a poloir camera from one of his friends and went to Delhi's Birla temple and took photographs of the tourists and sticking them on key rings to sell them. Earning was good in this work, but there was no possibility of moving forward after a limited scope. After some time he also left the job.


They had already decided that they did not go to their father's business. That's why he started business in Asia's largest market, Nehru Palace, in computers and accessories. They started selling floppy disks and other accessories of the computer from Taiwan and Hong Kong cheaply. When the demand for the Ethernet Card increased, they themselves went to Taiwan and contacted the local market there and found cheap supplier of Ethernet Card. In Ethernet card business they had 200% profit. In 1992, he rented a small office in Nehru Palace and worked with his brothers to do computer assembling work. After working fine, he opened a company named International Impex in 1993. After some time, he hired a showroom in the basement for the purpose of increasing the business and started selling the computer in the name of Frontline Computer. Over time, the confidence of the customers grew on them.

Eventually, in 1996, he established his IT peripheral company Intex Technologies with a savings of 2000 rupees and a brand-name product Ethernet Card. His company's turnover in the first year was 30 lakh. As the business grew, they also joined consumer durable products and started producing multimedia speaker, DVD player and home theater. His Intex Home Theater System proved to be very successful.


After this the company never looked back. The company made its head office in Delhi and opened many branches and service centers across the country. Intex Technologies has become India's leading IT peripheral company, selling key-board, web-camera and head-phone in 3-4 years.


In 2001, his younger brother Jai Prakash Bansal went to China assuming office of China. His elder brother Sanjay Bansal went to Dubai in 2002 to expand his business. In 2004, the company opened its own manufacturing unit in India and after that many electronic products were built in India.


When Narendra Bansal saw the growing demand for mobile in the market, since 2006, his company started selling Intex brand mobile phones. Media branding has gained tremendous profits and within 3-4 years, Intex has become India's second largest company after Micromax in mobile manufacturing.






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Success Story of Asus Asus was founded in 1989 in Taipei. Its founder T.H. Tung, Ted Hsu, Wayne Hsieh and M.T. Liao is All of these w...

Success Story of Asus

Asus was founded in 1989 in Taipei. Its founder T.H. Tung, Ted Hsu, Wayne Hsieh and M.T. Liao is All of these were hardware engineers at Acer Computer. At this time, Taiwan had to establish an important place in the computer-hardware business. On the other hand, companies that built Intel-like processors gave IBM first priority. They used to supply their new processor to IBM first. IBM took longer to establish its prototype in Taiwan. So the other Taiwanese companies had to wait for 6 months. 6 months later Asus went to Intel. For testing their new processor 486. Intel has told them where "we are working on this project, but there is an error in it.

Asus solved Intel's problem and it was revealed that Asus's own motherboard worked correctly without the need for further modification.


In September 2005, Asus released the first PhysX accelerator card. In December 2005, Asus entered the LCD TV market with the TLW32001 model. On March 9, 2006, Asus was confirmed as one of the makers of Microsoft Origami models, along with Samsung and Founder Technology. On August 8, 2006, Asus announced a joint venture with Gigabit Technology. On June 5, 2007, Asus announced the launch of Eee PC in Computex Taipei. On September 9, 2007, Asus announced support for Blu-ray, announcing the release of the BD-ROM / DVD author PC Drive, BC-1205PT. ASUS later released several Blu-Ray based notebooks.


In January 2008 Asus split into three separate parts, which are low. 1 Asus (its target android phone, branded computer and Thes three were still working on electronics, 2 Pegatron (its target OEM manufacturing of motherboards and components) and 3 Unihan Corporation (their target non-PC manufacturing such as cases and molding). But on 1 July 2010 Asus separated Pegatron.



In December 2010, Asus launched the world's thinnest notebook, Asus U36 with Intel Core i3 or i5, with only a thickness of 19 mm, Intel processor voltage standard (not low voltage). In January 2013, Asus officially ended production of its Eee PC series, because of the decreasing sales due to consumers switching to tablets and ultrabooks.





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Jack Ma 'Jack Ma' whom we know as the founder of 'alibaba Group'. He was born on October 16, 1964 at the house of a ...

Jack Ma

Image result for jack ma

'Jack Ma' whom we know as the founder of 'alibaba Group'. He was born on October 16, 1964 at the house of a musician in Hangzhou, China. His childhood passed in such times when Communism in China was at its peak. The 'Jack Ma' fail in primary school exams were 2 times and 3 times in secondary and college. When he went for the job, his application was rejected 30.

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Due to lack of job, he did translator work. During this time they went to America. Where he first saw the Internet He created a website named 'ChinaPage' to give information about a recipy of dish there. He also partnered with the government body for more investment, but he failed.

Image result for jack ma

After this failure, he created a website that provided special portals for different businesses. Its name they named 'alibaba'. Goldman and Softbank also invested 'alibaba.com'. And today 'Jack Ma' created 'alibaba.com' is a huge network.

'Jack Ma' says that by working hard you can change your fate. They have proved this by proving them. These people, who did not even have a job at school, college or till they had any jobs. That person is today the 20th richest person in the world.

If you will know Jack ma more then this Blog. You will read biography of Jack ma. If you will read Click this row.

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