Xiaomi aiming to have 5,000 India stores by 2020

Leading Chinese smartphone manufacturing firm Xiaomi has revealed that it is aiming to have roughly 5,000 stores open across India by the end of next year.

The expansion would be a tenfold increase within India, a country where Xiaomi is currently the most popular smartphone brand.

“Offline retail is a huge segment in our country with nearly 40 percent of the offline market focused in rural regions, and all of this should increase our offline sales and account for 50 percent of the Company’s revenue by the end of next year,” said Manu Jain, Xiaomi Vice President and Managing Director for India.

The announcement comes shortly after the Company was awarded a Guinness World Record for the most stores opened by any single firm simultaneously.