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IPO hopeful Xiaomi set to blow past 2017 revenue target: sources

This will mark a comeback from a recent sales slump for smartphone maker; a net profit of US$1b is projected for this year

Xiaomi has re-launched sales in dozens of countries, including Indonesia, Vietnam, Russia and the United Arab Emirates.

Hong Kong

CHINESE smartphone maker Xiaomi Inc has told bankers it would top its annual revenue target by as much as 18 per cent, sources with knowledge of the matter said, marking a comeback from a sales slump in recent years that triggered a business overhaul.

Xiaomi, which has...

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