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Xiaomi billionaire CEO is doubling smartphone bet on India

Xiaomi billionaire CEO is doubling smartphone bet on India

Friday, March 31, 2017, 10:15 AM

Xiaomi’s had a challenging few years but its business is once again expanding at a healthy clip, Lei said in an interview. He expects to double revenue in India this year to $2 billion. Beyond hardware, the company chalked up $1 billion of revenue in 2016 via the 10 million-plus active users of its suite of mobile apps and services, he added.
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