Xiaomi

The company has its eye on a Latin American expansion this year.

Turns out, Lei Jun’s promises are as good as gold.

But will he pay out?

Xiaomi is taking strides to cement its hold on the world’s second-largest smartphone market — by going the traditional retail outlet route. By the end of 2019, the company expects 50% of its sal

And more than 92% of China’s smartphones are made in Dongguan.

A Xiaomi executive said “it’s a common practice within the industry”.

Part of the smartphone vendor’s mobile internet ecosystem.

The move came amid the Chinese government’s push to develop the housing rental market.