Xiaomi eyes expansion to US

Thursday 22 October 2015 | 10:26 CET | News
Chinese smartphone maker Xiaomi has sold more than 3 million phones in India since entering the market in July 2014, and is considering entering the US market, its president said. Speaking at the WSJD Live Conference, CEO Bin Lin said the company's sales model works well in countries where e-commerce is growing quickly, like India. He added that Xiaomi is on track to sell a total 80 million smartphones world-wide this year. In India it already has a 14 percent market share. Beyond smartphones, Xiaomi continues to diversify into new product areas including smart TVs, power banks, water

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Categories: Mobile & Wireless
Companies: Xiaomi
Countries: World
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