Xiaomi Corp, a company known for its aggressive pricing strategies, on Tuesday became the latest Chinese smartphone maker to debut its products in India.
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The privately owned company expects its products to be popular with customers in the fastest-growing telecom market in the Asia-Pacific region. Overseas markets have often proved to be a vastly different and often challenging playing field for Chinese companies, Peng said, adding that it is important for Xiaomi and other Chinese vendors to put investment "in the right places" such as channel building, patents, supply and inventory.
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Xiaomi sold more than 26 million smartphones in the first half of this year, a year-on-year growth of 271 percent, the company said earlier this month. Most of the devices were sold in China, although it said it would expand into Singapore, Brazil and Mexico.
Xiaomi is scheduled to unveil its next-generation flagship smartphone on Tuesday. The gadget, likely to be named Xiaomi 4, will feature a metal case for the first time.Â