Xiaomi Will Launch Six Smartphones in India This Year
Xiaomi Corp., China’s smartphone, and appliances maker is planning a major market take over in 2018 after announcing its plan to launch at least six smartphone models in India this year, the opening of 100 exclusive stores, and the release of new product categories in the near future. They are also planning to introduce a new range of televisions.
Xiaomi global vice-president and India head Manu Kumar Jain said in an interview that the company is also looking forward to investing in India’s rapidly growing start-up ecosystem by penning down small and large cheques in the view of acquiring stakes in software and internet start-ups. They are also planning to maximize the number of investments over the coming years, as part of its broader strategy of investing $1 billion in Indian firms.
...