Xiaomi Triples Unit Sales & Doubles Revenue

Chinese smartphone maker Xiaomi Technology said its revenues rose 135% year-on-year to 74.3 Chinese yuan billion (12 billion US dollars) in 2014, according to a report by Reuters. Xiaomi said it sold just over 61 million phones last year, up 227% from the year before. The company is expecting growth in China's smartphone market to ease this year and intends to focus on innovation and overseas expansion. source: Reuters article