Xiaomi CEO Looks Past Selloff to 5G-Led China Smartphone Revival


Xiaomi CEO Looks Past Selloff to 5G-Led China Smartphone RevivalThe Chinese devices maker is now focusing on pushing upmarket while expanding into Europe, forgoing the U.S., Chief Executive Officer Lei Jun told Bloomberg Television. On Thursday, Xiaomi announced plans to give its bargain “Redmi” label more prominence so it can begin to raise prices and specs on its flagship Mi gadgets.



Tags: Europe, Science, Lei Jun, Bloomberg Television

Source:  https://finance.yahoo.com/news/xiaomi-ceo-looks-past-selloff-001656855.html