Xiaomi targets 2017 sales of $14.5 bn after 2016 biz overhaul

The worst is over, Lei said at the company's annual meeting in Beijing on Thursday, describing 2016 as a make-up year during which time it slowed its growth to make essential adjustments to its business.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney IThe Winning Leap Tech Control

Budget 2017

Presented By:

DAYS hours minutes
Presented by :

Co-Presenting Sponsor :

Associate Sponsors :

Co-Presenting Sponsor :

Associate Sponsors :

Home » News » World News

Jan 12, 2017, 04.39 PM | Source: Reuters

Xiaomi targets 2017 sales of $14.5 bn after 2016 biz overhaul

"The worst is over," Lei said at the company's annual meeting in Beijing on Thursday, describing 2016 as a "make-up year" during which time it slowed its growth to make essential adjustments to its business.

Like this story, share it with millions of investors on M3

Xiaomi targets 2017 sales of $14.5 bn after 2016 biz overhaul

"The worst is over," Lei said at the company's annual meeting in Beijing on Thursday, describing 2016 as a "make-up year" during which time it slowed its growth to make essential adjustments to its business.

Post Your Comments

Share Cancel

Xiaomi targets 2017 sales of $14.5 bn after 2016 biz overhaul
Chinese smartphone maker Xiaomi is targeting sales of more than 100 billion yuan (USD 14.47 billion) in 2017 as it emerges from a difficult year that saw an overhaul of its business, its chief executive Lei Jun said.

"The worst is over," Lei said at the company's annual meeting in Beijing on Thursday, describing 2016 as a "make-up year" during which time it slowed its growth to make essential adjustments to its business.

The seven-year-old company, which was briefly the world's most valuable start-up and hoped to become China's equivalent of Apple Inc, fell out of the top three ranking in China for smartphone vendors in 2016, after occupying the No. 2 spot in 2015.

Privately held Xiaomi did not disclose 2016 sales.

Buy, Hold, Sell ? Hear it first on M3
Xiaomi targets 2017 sales of $14.5 bn after 2016 biz overhaul

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login