Xiaomi set to open 1000 stores by 2020
Xiaomi has been creating a huge impact on the smartphone market recently. Xiaomi growth has been pretty impressive over the years According to CEO of Xiaomi, Lei Jun, the company has set up an ambitious plan to expand it's office presence dramatically from 25 stores to 1000 by 2020.
Xiaomi was not a well-known company outside China, but within some years, Xiaomi have accelerated and comes with pretty tough competition with other brands of Smartphone. With beautifully-crafted sets that costs nearly or less than $400, the company have marked a great achievement by gathering all the users love and loyalty.
As per Shanghai Daily, Xiaomi now has 25 stores across China. The stores provide products ranging from cell phones, electric cookers, water purifiers, television and so on. The offline expansion could crete a nice goodwill with the customers and is expected to give tough competition to companies like Huawei. Huawei for example has 10,000 stores across China. Xiaomi could increase it' brand recognition by expanding it's experienced stores.