Xiaomi aiming for 2017 sales of CNY 100 bln

Thursday 12 January 2017 | 08:36 CET | News
Xiaomi CEO Lei Jun wants the company's 2017 to reach CNY 100 billion (USD 14.5 billion), Bloomberg reported, citing a memo posted on Xiaomi's WeChat. The company will also seek to quadruple its store network to 200 outlets, continue its global expansion and deepen its research into artificial intelligence and online finance, all with a special eye on India. At the same time, the CEO admitted the company tried to grow too rapidly in the last few years and said it now needs to slow its pace of business expansion and overhaul its online-focused retail strategy.

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Categories: Mobile & Wireless
Companies: Xiaomi
Countries: China / World
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