China's Xiaomi aims to sell 100M phones in 2015

Chinese smartphone vendor Xiaomi is relatively unknown outside its homeland, where it has found significant successes. But the company--which aims to marry the appeal of Apple's (NASDAQ:AAPL) iPhone with inexpensive prices--is starting to expand to new markets with large Chinese populations like Singapore. Xiaomi founder Lei Jun's goal is to boost Xiaomi sales fivefold to 100 million phones in 2015, according to Bloomberg. The company achieved greater prominence last summer when it hired Hugo Barra, Google's (NASDAQ:GOOG) former vice president of Android product management, as a vice president in charge of Xiaomi's international expansion. "We're moving as fast as we can," Barra said. "We're working around the clock with our supplier and manufacturing partners to meet demand." Article

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