Overseas sales topped 40% of revenue for the company in the second quarter.
Xiaomi seeks to gain ground in the battle for consumer living rooms with its artificial intelligence of things (AIoT) initiative.
A potentially closed ‘ecosystem’-type market is still anyone’s game.
The news comes as the Shanghai Stock Exchange began accepting IPO applications for its new tech board.
It’s a latecomer to the short video scene, where Bytedance and BAT are already wrestling for user attention spans.
The Xiaomi M9 will feature Qualcomm’s latest processor Snapdragon 855 and comes with three cameras in the back.
Chinese companies, including Huawei, Oppo, and Xiaomi, are challenging the dominance of established phone manufacturing giants in overseas markets.
Mi Pay allows users to make payment via multiple options such as UPI, credit cards, debit cards, and internet banking.
Xiaomi looks eager to accelerate its growth in the premier market, where most of its competitors have the upper hand.
Tech companies are scrambling to replicate their consumer market successes in the industrial IoT sector, and quickly forge out new revenue streams.