China's Xiaomi targets 2017 sales of $14.5 billion after 2016 business overhaul

China's Xiaomi targets 2017 sales of $14.5 billion after 2016 business overhaul
12-Jan-2017 11:58 FEEDREUTERS

HONG KONG (Reuters) - Chinese smartphone maker Xiaomi is targeting sales of more than 100 billion yuan ($14.47 billion) in 2017 as it emerges from a difficult year that saw an overhaul of its business, its chief executive Lei Jun said.