Xiaomi plans to open 10,000 Mi Home stores overseas within five years to promote the internationalization of its new retail model

Xiaomi President Lu Weibing recently announced plans to open 10,000 Mi Homes overseas within five years, bringing the "full ecosystem of people, cars and homes" and Xiaomi's new retail model to the international market. Currently, more than 50% of Xiaomi's revenue comes from independent retailers around the world. In Europe, Xiaomi has an 18% share of the smartphone market, ranking third.