Xiaomi Sees China Smartphone Market Peaking at 500 Million Units

  • Company affirms no plans for IPO, doesn’t need to raise funds
  • CFO expects China growth will continue at slower pace

Xiaomi Mi 5 smartphone launch event in New Delhi.

Photographer: Prashanth Vishwanathan/Bloomberg

Xiaomi Corp. expects the smartphone industry’s sales in China to peak at about 500 million units annually as growth matures in the world’s largest market.

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