Xiaomi targets $14.5 bn revenue in 2017, to focus on offline retail

Chinese smartphone maker Xiaomi aims to achieve revenue of 100 billion Chinese yuan ($14.5 billion) in 2017. Furthermore, the company has identified five focus areas in the coming year: technological breakthroughs, new retail strategy, globalisation, artificial intelligence and Internet finance, Lei...

PTI

Xiaomi, Foxconn team up to assemble smartphones in India

Giving a leg up to the Make in India programme, Xiaomi today said it has partnered with Taiwan’s Foxconn to set up a mobile phone manufacturing unit here as the Chinese technology major looks at grabbing a larger share of the booming Indian handset market. The company, which started operations...