Xiaomi’s Resolution: Double Its Smartphone Sales Volume in 2014

CEO Lei Jun launches the Xiaomi smartphone and Xiaomi TV in Beijing on Sept. 5, 2013 Photograph by Wang Zhao/AFP via Getty Images

On the last day of 2013, Xiaomi founder and Chief Executive Officer Lei Jun took to a Chinese social network to announce his ambition for 2014: shipping at least 40 million smartphones. That would mean more than doubling last year’s sales volume, as Xiaomi sold 18.7 million smartphones in 2013.

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