Xiaomi executives told media CNBC that the company's revenue target of 100 billion yuan (US $15 billion 800 million) in 2017 was completed before the end of the year. In January 2017, Lei Jun, chief executive of Xiaomi, said that the company's annual goal is to achieve sales of 100 billion yuan, which is easy to achieve.
Wang Xiang Wang Xiang, senior vice president and head of international business at Xiaomi, said in an interview broadcast on Monday that
Wang Xiang did not disclose the revenue figures of Xiaomi last year and did not disclose the company's goals in 2018, but he showed an optimistic tone in this interview. The interview took place on the eve of the opening of the World Mobile Communications Conference (MWC) in Barcelona, Spain.
Wang Xiang said,
Last year was the first time in the history of millet in one year was 100 billion yuan revenue performance, the one in 2016 still is a welcome turnaround difficult among companies.
Millet is often called by Westerners
Lei Jun, the chief executive of millet, even acknowledged in a letter to employees in early 2017 that the company grew.
According to market research company Gartner data, in the fourth quarter of 2017, Xiaomi is the fourth largest smartphone manufacturer in the market share, and with the market's overall decline for the first time, the mobile phone shipments of Xiaomi even increased.
It is reported that millet company has a market value of about $46 billion, and in the past few years, the company's market position in China has been expanding. In order to help improve its market position in Western Europe, the company opened third real stores in Spain on Saturday. In addition, the number of real stores in the company has been increasing in other major markets, including India and China. The company is also committed to new products, from the fashion AI speakers like Amazon Echo to the new TV product lineup, which helps the company achieve business diversification.
Thomson Reuters (Thomson Reuters) International Financial Review's "(IFR) reported in January, millet may be ready in the market this year, and has hired CITIC Securities (Citic Securities), Goldman Sachs (Goldman Sachs) and Morgan Stanley (Morgan Stanley) as its initial public offering (IPO) joint underwriters. The News Corp said the valuation of the initial public offering could make millet valuations of $100 billion.
In response to the above reports, Wang Xiang declined to comment.