Going offline: Xiaomi eyes 10,000 stores to expand retail footprint
The first two Mi Studios have been set up in Bengaluru and Mumbai, with an average size of 400-600 sq ft. Talking about Mi Stores, Jain said the company has set up 1,000 such points.
- Last year, Xiaomi had said it will set up 5,000 Mi Stores across rural India by the end of 2019, a move that is expected to generate over 15,000 jobs.
- Chinese tech major Xiaomi Wednesday said it expects to have 10,000 retail stores in India and 50 per cent of its business to come from the offline route by the end of this year.
- Mi Homes (experiential stores -75 in number), Mi Preferred Partners (retail stores) and Mi Stores
- About 50 per cent of our smartphone sales is expected to come from the offline market by end of this year," Jain said.