Chinese electronics company and smartphone maker, Xiaomi Inc, has more than doubled the Internet services revenue in 2015 to about $564 million. Also Read - OnePlus Nord CE vs Redmi Note 10 Pro Max: Does 4G still outdo 5G at a lesser price?Also Read - Xiaomi is hiding the front camera on its next Mi flagship smartphone
The Beijing-based firm, which is the world’s fourth largest smartphone maker, is trying to sidestep a slowdown in the world’s largest handset market by coaxing buyers of its smartphones to also purchase internet services, reports Reuters. Also Read - Xiaomi 200W fast charging to reduce 20 percent of full battery capacity in 2 years
Internet services revenue surged 150 percent to 3.71 billion yuan ($563.94 million).
Xiaomi designs, develops and sells smartphones, mobile apps, and related consumer electronics. The company has over 8,000 employees, mainly in mainland China, Malaysia and Singapore. The company is expanding to other countries such as India, Indonesia, the Philippines and Brazil.