Chinese smart devices maker Xiaomi, currently the largest smartphone vendor in India, is planning to set up thousands of retail outlets in the country’s rural regions by the end of 2018. That will be approximately quadrupling from its current store count of 500, indicating Xiaomi’s ambitions to expand market share in a country that is its largest market after China. Beijing-based Xiaomi, which just completed a US$4.7 billion Hong Kong IPO in June, hopes to expand its store count to …

Chinese Smartphone Maker Xiaomi Seeks Deeper Penetration In Rural India appeared first on China Money Network.