Chinese smartphone maker Xiaomi plans to open 20,000 more offline shops throughout China in the next three years, expanding its presence in lower-tier cities and towns, according to Lu Weibin, Xiaomi’s partner and vice president. Lu said new Xiaomi stores will be bigger and may sell Xiaomi’s electric vehicles (EVs) in the future. The company announced an EV subsidiary in March. [China Securities Journal, in Chinese]
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