The company’s revenue from international sales will soon exceed 50%.
At the fourth business conference yesterday, Xiaomi’s chief executive Lei Jun said that just 9 years after the founding, investments in research and development reached $ 830 million last year.
The volume of investments this year will exceed $ 1 billion. Xiaomi is going to invest about 1.43 billion dollars in research and development next year. The Xiaomi leader is confident that investing in this area means investing in the future. Only innovation can drive Xiaomi’s progress.
It was also announced that the company’s revenue from international sales reached 48% in the third quarter of 2019 and will soon exceed 50%. Today we can say with confidence that Xiaomi has entrenched in the international market.
Xiaomi entered the market with inexpensive smartphones, later the company began to be perceived as a manufacturer of cheap but good smartphones. This year, Xiaomi announced its desire to get rid of the image of a manufacturer of cheap products, while separating the Redmi brand.
Experts are confident that Xiaomi will become a global enterprise in the coming years. This is the name of huge companies, whose numerous branches are scattered around the world.