Company - - Jan 23,2017
Chinese smartphone maker Xiaomi Inc.’s global vice president, Hugo Barra, is leaving the company and he will return to Silicon Valley for a new role.
The most prominent international executive of Xiaomi Inc. and Brazilian computer Scientist Hugo Barra has left the corporation citing health corners and a new role.
During Barra’s tenure, the Chinese smartphone manufacturer rose to the top of its home market before company’s local competitors mimicked its model and dethroned the brand.
On Monday, Xiaomi Inc.’s vice president, Hugo Barra said in a social media post, he was leaving the Beijing-based company after three-and-a-half years for a new venture in Silicon Valley. On his Facebook statement, Barra said that the last few years of living in such a singular atmosphere has taken a massive toll on his life and also hampered his health.
The senior vice president of Xiaomi, Mr. Xiang Wang will oversee international operations once Barra departs in February after the Chinese New Year holidays.
Xiaomi Inc. was concisely the world's most valuable startup and had expectations to become China's comparable to Apple Inc. But the company has lately grappled with slackening smartphone sales and fell out of the top five in China for smartphone sellers in 2016, after reaching the No.2 spot in 2015.
In a message released to staffs earlier this month, Xiaomi Inc.’s Chief Executive Officer, Lei Jun, stated that the worst is over, referring to the corporation's latest struggles to keep up with an ever-growing number of home-grown rivals.
Mr. Barra was given the assignment of taking Xiaomi global, serving the firm make inroads into India where sales surpassed $1 billion for the first time during last year. But this domination was soon hampered as other local brands like Huawei Technologies Co. and Oppo and Vivo quickly copied Xiaomi’s moves and advanced more innovative competitive campaigns.