Xiaomi Corp will focus on its core businesses

Smartphone maker will not expand into other sectors, insists chairman, amid diversity rumors

Xiaomi Corp, a leading Chinese smartphone and TV accessories maker, said on Thursday that it would continue to focus on growing its core businesses and ruled out plans to diversify into other sectors.

"We will rely on our main businesses - smartphones, TV accessories and routing devices - to maintain growth," said Lei Jun, founder and chairman of Xiaomi.