Five years after launching, Xiaomi is posting the kind of revenue numbers that would make many public companies jealous.
Xiaomi, a Chinese smartphone manufacturer, expects revenue to top 100 billion yuan (or $16 billion) for 2015, according to comments from CEO Lei Jun at an event in Beijing on Thursday, as reported by multiple publications.
A rep for Xiaomi did not immediately respond to our request for comment.
That would represent at least 30% revenue growth from the previous year, when Xiaomi sales hit 74.3 billion yuan (or about $12 billion) Read more...
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