Xiaomi looks to India amid overseas expansion drive

Chinese smartphone vendor Xiaomi Corp said it will launch at least six new smartphones and open 100 exclusive stores in India, the world's fastest-growing major smartphone market, this year.

The move came after Xiaomi displaced Samsung Electronics Co Ltd as the top smartphone vendor in the Asian country in the fourth quarter of 2017.

Manu Kumar Jain, Xiaomi global vice-president and India head, said in an interview with local media Live-Mint that the company will also broaden its original niches into more new product categories in the near term and build out a big, non-smartphone business.