 "Xiaomi")
Tepid response to its stock market debut has failed to dampen Xiaomi's appetite for India, its largest market outside China, where $1 billion of the initial public offering proceeds have been set aside for expansion. While the stock recovered after starting 3 per cent below its issue price on Monday, Xiaomi, according to top executives in India, is on track to expand into consumer durables.
Xiaomi plans to step into a number of categories, including laptops, home appliances and lifestyle products, as it digs its heels deeper into Asia's third-largest economy. The company already commands over 30 per cent market
