Lei Jun, CEO and founder of Xiaomi, introduces the new Mi Mix 2 smartphone, in Beijing on September 11, 2017. The company is rewarding customers with cash coupons after a record year in smartphone sales. Photo: Simon Song

Xiaomi in 150m yuan ‘giveaway’ after a U-turn in smartphone sales

2017 sales target reached two months ahead of schedule, with shipments of 70 million handsets worth 100 billion yuan achieved by the end of October

Topic |   Xiaomi

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Lei Jun, CEO and founder of Xiaomi, introduces the new Mi Mix 2 smartphone, in Beijing on September 11, 2017. The company is rewarding customers with cash coupons after a record year in smartphone sales. Photo: Simon Song
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