Xiaomi’s India Sales Pass $1 Billion as Chinese Brands Hold Sway

Xiaomi Corp. surpassed $1 billion in annual India revenue two years after selling its first smartphone in the country, as Chinese names begin to dominate the world’s fastest-growing major market at the expense of local players.

Xiaomi said it grew shipments by almost 150 percent in 2016, selling two million smartphones in the third quarter alone. The company had focused on India since failing to meet sales targets and dropping to number four in a home market it once led.