Xiaomi's logo is pictured at a venue for the launch ceremony of Xiaomi's new smart phone Mi Max in Beijing, May 10, 2016. REUTERS/Kim Kyung-Hoon
BEIJING: Sharp drops in smartphone sales for China's Xiaomi Inc will not have a major impact on the company as profit growth will be driven by sales from smart home devices as well as revenue from its software eco-system, a senior executive said.
Xiaomi was valued at US$46bil (RM204.35bil) in its last fund-raising in 2014 – making it briefly the world's most valuable startup at a time when it was China's best-selling smartphone maker and looked set to make a splash worldwide.
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