Coolpad announce entry to Indian market
Coolpad Group Limited is a brand name that not even 0.1% of Indians are aware of. What if we say that the Yu Yureka is nothing but a rebranded Coolpad F2. What if we tell you that the first dual-mode and dual-standby handset is from Coolpad and that they hold 6000+ patents. Coolpad has 6 R&D facilities world wide and now, as part of ‘Make in India’ campaign, Coolpad Dzen is going to setup R&D and manufacturing unit in India.
According to Mr. Li Wang, Global Chief Operating Officer, Coolpad Dazen, “India is the fastest growing online smartphone market in the world and we want to be a leader in this market. We are happy to appoint Varun as the Country head of our India operations who brings with him immense and diverse experience in the consumer and online industry. We look forward to bring our great legacy, products and service experience in India through our new and innovative products and give Indian consumers the best smartphone experience at a price point that they want. We are confident with our patented technological innovations; Coolpad Dazen will become India’s number one smartphone brand in the online space.”
According to Varun Sharma, India CEO, Coolpad Dazen, “The Indian smartphone customer today has lots of choice but is still always looking for great value. We want to bring in a new wave with our patented innovation to disrupt the Indian online smartphone market. We want to build a great Indian internet company that will focus on creating benchmark devices and a great software ecosystem.”
About Coolpad
Coolpad Group Limited was founded in 1993, and was listed on the Main Board of the Stock Exchange of Hong Kong in December 2004. The Group is a leading developer and provider of integrated solutions for smartphones, mobile data platform systems and value-added business operations in China. The Group provides its products and services to enterprises, government organisations and mobile operators as well as individual consumers in China. Recently, Chinese internet firm Qihoo 360 Technology Co Ltd has invested $409 million in Coolpad Group Ltd. Their JV will leverage Coolpad’s extensive expertise in smartphone design, manufacturing, supply chain management, and aftermarket services, while benefiting from Qihoo 360’s strong capabilities in Internet security software, mobile apps development and online marketing.
