The tech firm began overseas development three years back and is presently offering items in more than 20 nations and districts around the world. It took Xiaomi two years to wind up distinctly one of the main five cell phone marks in India, its biggest overseas market, which acquired offers of around 1 billion U.S. dollars in 2016. "India sets a decent case whose experience can be partaken in venturing into different nations, and Xiaomi will begin from neighboring markets and afterward go for western ones," Lei said.
Lei, who is representative to the NPC, trusts that the China-proposed Belt and Road Initiative offers great open doors for Chinese tech firms to extend overseas by helping different nations create IT foundation. To make Chinese tech firms' overseas extension less demanding, Lei proposed that Chinese specialists could set up particular workplaces in outside nations to offer lawful, social and business counseling administrations and help connect participation with remote markets.
"In five to ten years, China's cell phone brands will gain worldwide prominence with items highlighting great quality, benefit and sensible value," Lei added.