Xiaomi India clocks revenues of Rs 7,000 cr in 2016

Chinese smartphone maker Xiaomi Inc registered revenues of $1 billion (nearly Rs 7,000 crore) in India in 2016, only two years after it started its operations in the country, the company said in a media release. The smartphone maker, which launched its most popular smartphone Redmi Note 3 last year, doubled its sales from 2015 as it dabbled into the offline market.