Wang Xiang told an online media briefing that the company was
still very confident in the European market as the virus
situation there, while severe, was temporary.
The company said February had been a challenging month for it as
its factories and offices struggled with various requirements
for resuming operations.
Wang said that as of Thursday the company had reopened over
1,000 stores across China.
The company plans to launch a new flagship 5G smartphone, the
Redmi K30 Pro, at a virtual press conference on March 24.
CEO Lei Jun unveiled the new line of devices via an online event
Smartphone brands struggled in February as the coronavirus
caused much of China to go into lockdown.
Mobile phone brands sold a total of 6.34 million devices in
China, down 54.7% from 14 million in the same month last year,
data from the China Academy of Information and Communications
Technology (CAICT) showed.
(This story corrects to read Lei Jun, paragraph 6)
(Reporting by David Kirton; editing by Jason Neely)
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