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Xiaomi's revenue surges in India, but can it sustain fast pace of growth?

Doubts remain that Xiaomi will be able to leverage its user base

Reuters  |  Beijing | Singapore 

Chinese smartphone maker Xiaomi Inc's quarterly revenue soared due to strong demand in India and other emerging markets but doubts remained on whether it can sustain the fast pace of growth and its shares reversed early gains to end lower. Xiaomi, which toppled Samsung Electronics as the top smartphone seller in the price-conscious Indian market earlier this year, said on Wednesday in its first results as a listed firm that revenue from overseas markets for the quarter ended June 30 more than doubled from the year-ago period. The company started trading in July after a ...

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First Published: Thu, August 23 2018. 16:12 IST