In India, “incomes are low and everyone wants good products,” Lei said in a glass-walled conference room, flanked by several of his top executives. “Everyone realizes the online market is very limited.”In China, Xiaomi accounts for only a 10th of total smartphone sales, Lei estimates, leaving bigger opportunities in the traditional bricks-and-mortar approach. MiHome stores will offer just two dozen Xiaomi products, according to Lei. “In the next two years, we want more and more influence in India,” Lei said. “I keep thinking about how to perfect my products,” Lei says, clutching a phone with a metallic, pale blue finish.

Source: Mint April 05, 2017 04:07 UTC