Xiaomi's claims of fast sellouts being investigated by the Taiwan FTC
The Taiwan FTC is concerned about how the "hunger marketing" process hypes up a phone, making a particular model seem more valuable, or hard to find, than it really is. If it turns out that Xiaomi has been exaggerating the number of phones sold, or the speed in which they were purchased, the manufacturer could be fined $20,000. In this case, it is not so much the company's vault, but its reputation, that would take a hit.
There is talk that Xiaomi had sold only a few hundred units in one sale from 2013. In other situation, the manufacturer is believed to have shut down sales before the inventory was sold out.
Thanks for the tip!
source: iapps.im (translated) via GSMDome
1. GreekGeek (Posts: 1115; Member since: 22 Mar 2014)
Looks like some jealous Taiwanese OEM is behind this
15. dimas (Posts: 1244; Member since: 22 Jul 2014)
Or maybe big phone companies formed secret alliance to lobby in Taiwan FTC because they see Xiaomi's selling method as life threatening to their profits?
Most start up business with promising developments get that kind of treatment from the bullies. First was the news about redmi note sending private datas then this. I see patterns.
3. pwnarena (Posts: 1052; Member since: 15 Feb 2013)
i don't understand what's wrong with that. it's not like they won't eventually have to report their real net income for taxes.
22. AstronautJones (Posts: 290; Member since: 01 Aug 2012)
It is a publicly traded corporation. They are not supposed to give out false or misleading sales. Maybe that is the issue.
People selling or buying stock based on erroneous info.
24. WahyuWisnu (Posts: 1001; Member since: 29 May 2014)
AGREE with this statement.
If XiaoMi cheat on the number of device sold, claiming more than it should be, they would EVENTUALLY have to pay income taxes based on the number that they claimed.
12. quakan (Posts: 1293; Member since: 02 Mar 2011)
I've been saying it wrong all this time lol.
19. dimas (Posts: 1244; Member since: 22 Jul 2014)
Neo_Huang I think that's what Apple's been telling Samsung with all it's patent lawsuits all these years.
18. dimas (Posts: 1244; Member since: 22 Jul 2014)
She-Aw-Mee? That's just me. I think British people pronounce it as Show-Mee.
9. CraalLegacy (unregistered)
Xiaomi is headed for the crash and burn. Reputation is everything and Samsung has a sterling one; Xiaomi is digging its own grave with these antics.
10. joey_sfb (Posts: 4465; Member since: 29 Mar 2012)
Unlikely the has the second biggest marketshare in China. They can forego taiwan without impact to their sales.
A lot of friends is still hoping to buy one.
11. CraalLegacy (unregistered)
U do know Taiwan is China, right?
21. joey_sfb (Posts: 4465; Member since: 29 Mar 2012)
Taiwan has their own army, elected goverment and parliament.
So tell me again that Taiwan is China.
26. CraalLegacy (unregistered)
Taiwan is China and I see you r confused by client and vassal states. Well, that's ur fail.
23. NewBBUser (Posts: 10; Member since: 08 Mar 2014)
@CraalLegacy: Politically speaking, no, Taiwan isn't China. China claims Taiwan as their own, but Taiwanese says otherwise. Every time Taiwan wants to claim independence (Republic of Taiwan), China threatens them with another war. No Taiwanese claim themselves as Chinese.
27. CraalLegacy (unregistered)
There is no "politically" speaking as that is the only way Taiwan can be discerned; it is China and has no agency of its own. U r not smart.
28. NewBBUser (Posts: 10; Member since: 08 Mar 2014)
You never went to school? If you did, you didn't learn anything about the Cold War. Taiwan is ROC. China is PRC. No one with a right mind would consider themselves Chinese after they fled the mainland after losing the Cold War, developed their own government on an island.
Taiwan has functional and independent government, and conducts regular and free elections.
Taiwan has its own internationally accepted currency.
Taiwan has a standing army, air force, navy, coast guard, and marines.
Taiwan issues its own passports for international travel, and IDs for its citizens.
Taiwan has its own stock exchange and Constitution.
Still think Taiwan is China?
29. CraalLegacy (unregistered)
I can't fix u, I can't fix stupid.
30. NewBBUser (Posts: 10; Member since: 08 Mar 2014)
says the person who thinks a country can have two different government and two different presidents. LMAO. Arguing with you degrades my intelligence. Facts are facts. The only thing that's stupid are your comebacks. Go talk to a Taiwanese or read some history books.
31. WahyuWisnu (Posts: 1001; Member since: 29 May 2014)
...and this is why America feel China is a threat?
...even UN didn't put taiwan as a country! Only USA think that because USA hate China/Chinese
17. dimas (Posts: 1244; Member since: 22 Jul 2014)
Surprising comment. To think that people are getting tired of laggy crash-inviting touchwiz, market flooded with different gadget variants with confusing price brackets and not to mention their ugly washing machine design.
More like Samsung's gonna freak out on new start up companies if they don't straighten their gadget line ups.
13. p51d007 (Posts: 162; Member since: 24 Nov 2013)
WOW! Then they could REALLY go after OnePlus and their "flagship killer" eh?
16. promise7 (Posts: 625; Member since: 03 Jul 2013)
no because they can't sell out of something that isn't available ;)
20. marcski07 (Posts: 594; Member since: 25 Apr 2014)
s2pid one plus one, they could've been in top 5 before xiaomi... -.-