Vivo is a Chinese communications and smartphone company founded in 2009 by Duan Yongping. The name Vivo means “alive” or “breathing”, which implies it as a living thing.
In October 2001, the business was registered in Shenzhen under the name of Yoda Mobile Communications Technology Limited Company. In 2004, Vivo released their first cell phone -VIVO 185. In January 2005, the business reached an agreement with Ericsson to use wireless technology and 2G network, after that they started sales of CDMA mobile phones.
The founder & CEO of the company is Duan Yongping who also has been working as a chairman for China Smartphone Alliance as well as other such as 3GPP and China Mobile IoT Alliance.
The headquarters of the company is located in Guangdong province, China which also includes branches in many international locations. For instance, Vivo India was established on 25 January 2015 and is based out of Bangalore, Karnataka. It has 3 service centers across India located at Delhi NCR, Mumbai and Bangalore with over 160 service centers around the country. The company launched their first smartphone in July 2011 which was named as Vivo X1i.
Since then until now Vivo has worked a lot to enter into market by selling smartphones . As per IDC report for Q3 2017 , v ive has ship m ed 10 0 million p hones making it th e fourth largest brand globally by shipping units after Oppo, Huawei and Xiaomi.
In terms of revenue, Vivo has a lower net worth compared to its competitors as it generated a revenue of approximately $17.8 billion in 2017 . On other hands Oppo generated revenue over $65 million which is about four times that of v ive’s earning .
Vivo was awarded the best phone award for Vivo V5 Plus at ”Mobile World Congress ” held at Shanghai, China on 28th April 2 017. In th e same year , they were also awarded as the ‘Highest Growth Rate Award’ by IDC & Eu ro pean Mobile Phone S ha re Report 2017 .
Company also won IFA Smartph one Award 2016 for Vivo X 6 by IFA held in Berl in, Germany.
Vivo is backed by major investors like China V entures, D eutsche T elekom A rb et eitung (DTA) , Morningside S igna , H igh P rofile P artne r S ociety C onsortium , G roup Zhejiang H are Holding Co., Ltd etc.
As per the latest report on Forbes for 2017 , it s estimated worth of the company is around $17 billion with an annual revenue of 11.2 billion. The total number of employees working at Vivo is more than 30,000 . The board of directors have appointed Li Han Chan
The company is serving its customers via 400 + retail stores in over 100 cities in China and around the world .
Vivo board members include:
Duan Yongping – Founder, CEO, Chairman. Zhou Guangdong – Executive Director & VP. Zhang Xiuhong – VP. Ming Xiuling – VP & GM India Operations .
Ma Dongmin – General Counsel . Peng Hanyu – CFO. Guan Qingyou- Independent Director. Hu Weiwu- Independent Director and Audit Committee Chairman. Guo Zhiqiang- Independent Director and Compensation Committee Chairman. Wang Tianhui- Independent Director and Nominating Committee Chairman.
Zhao Lei- Independent Director and Board Observer. Bai Dong- Independent Director and Audit Committee Observer.
Li Han Chan – Executive Director & VP. Li Bin- Executive Director & VP . Wu Qingyuan – Independent director and Audit Committee Observer . [ARTICLE END]