Xiaomi opens record 500 retail stores in one day in rural parts of India
Riding on its robust sales in India and Europe, China-based Xiaomi on Monday reported a 49.1 per cent increase in revenue for its third quarter of 2018 as net profit reached 2.48 billion yuan ($357.23 million).
Started with the online-only strategy, Xiaomi is fast expanding its presence in offline retail as well. Image source: Reuters