Xiaomi CEO Lei Forecasts Revenue Topping $16 Billion This Year
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Xiaomi Corp. expects revenue this year to rise more than 50 percent as China’s biggest smartphone vendor diversifies its product lineup and expands to more overseas markets.
The projection for more than 100 billion yuan ($16 billion) in sales compares with last year’s total of 74.3 billion yuan, founder and Chief Executive Officer Lei Jun told reporters at the National People’s Congress in Beijing Thursday. The company’s revenue more than doubled last year.