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Chinese smartphone manufacturer Xiaomi announced it would expand its markets in emerging countries and begin selling handsets in Mexico and Brazil by end-year.
The company, which holds a 7% market share in China and is known for its aggressive pricing, will also sell devices in India, Indonesia, Malaysia, Philippines, Russia, Thailand, Turkey and Vietnam.
Xiaomi has not announced further details about timing or potential partners in Mexico and Brazil, but earlier this week the company paid US$3.6mn for the website domain mi.com, with the aim of drawing a more international audience, the Guardian reported.
The company sold nearly 19m smartphones last year and was valued at $10bn in August. Xiaomi plans to double the figure to sell 40mn this year, according to the Guardian.