0
Wireless

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.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Xiaomi
Countries: China / World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Xiaomi eyes IPO in 2018 with USD 50 billion valuation - report

Published 04 Dec 2017 12:52 CET | China
Xiaomi is in talks with investment banks about a possible initial public offering and seeking a valuation of at least USD 50 ...

Xiaomi plans 'global launch' event 05 September in India

Published 29 Aug 2017 12:36 CET | World
Chinese smartphone maker Xiaomi announced plans for a "global launch" event on 05 September in India. On its Twitter account, the ...

Xiaomi smartphone shipments jump 70% quarter-on-quarter

Published 08 Jul 2017 14:37 CET | World
Xiaomi reports it has shipped a record 23.16 million phones in the last quarter, which represents an increase of 70 percent from ...

Xiaomi upgrades Mi Max phablet

Published 25 May 2017 13:30 CET | China
Xiaomi has presented a new version of its Mix Max phablet. The Mix Max 2 comes with the same size display, at 6.44-inches, while ...

Xiaomi unveils new flagship Mi 6 smartphone

Published 19 Apr 2017 13:17 CET | China
Xiaomi has unveiled its new Mi 6 smartphone at an event in Beijing. The phone comes with a 5.15-inch display and curved glass or ...

Xiaomi updates Mi5 with own processor

Published 28 Feb 2017 13:42 CET | World
Xiaomi has announces its first smartphone running its own chipset, an updated version of the Mi5 launched a year ago. Completely ...

Nokia supplies Xiaomi with fibre-optic network

Published 27 Feb 2017 09:27 CET | China
Nokia is providing Xiaomi with a fibre optic network to link seven data centres in the Beijing region. Xiaomi will use Nokia's ...

Xiaomi launches new devices and plans stores in Mideast

Published 24 Feb 2017 10:55 CET | Middle East
Chinese smartphone manufacturer Xiaomi is plotting expansion in the Middle East through new devices and flagship stores, reports ...

Barra quits Xiaomi to return to US

Published 23 Jan 2017 10:19 CET | China
Hugo Barra announced he is leaving Chinese smartphone maker Xiaomi in order to return to Silicon Valley. He joined Xiaomi 3.5 ...

ABC Data plans to open chain of Xiaomi shops in Poland

Published 16 Jan 2017 11:24 CET | Poland
ABC Data, one of the biggest distributors of electronics in the Polish market, plans to develop a chain of shops specialising in ...

Xiaomi sells 1 mln smartphones in 18 days in India

Published 19 Oct 2016 14:23 CET | India
Xiaomi reports it has sold a record 1 million smartphones within the first 18 days of this month. Sales were mainly boosted by ...

Xiaomi H1 smartphone sales up 33%

Published 02 Jul 2015 09:00 CET | China
Xiaomi announced sales of 34.7 million smartphones in the first half of 2015, a 33 percent year-on-year increase. While the ...





Calendar   /   Industry Events

14 May Digi Communications Q1 2021
14 May Japan Display FY results
14 May Sohu.com Q1 2021
14 May Sogou Q1 2021
14 May Telesat Q1
17 May Pareteum FY results
17 May Minim Q1 2021
17 May World Telecommunication and Information Society Day
18 May Iliad Q1 2021
18 May Vodacom FY results
18 May Vodafone FY results
18 May iQiyi Q1
18 May Baidu Q1 2021
18 May MTS Q1 2021
18 May Google I/O
19 May Analog Devices Q2
19 May Cisco fiscal Q3
19 May TIM Q1 2021
19 May Qualcomm 5G Summit
20 May Palo Alto Networks fiscal Q3
20 May Nkom 2020 telecoms statistics
20 May Poly investors day
20 May Deutsche Telekom Capital Markets day
20 May Shaw EGM on Rogers merger
20 May Telefonica Deutschland AGM
::: More Calendar Items