Xiaomi received a loan of $1 billion to extend the network
Xiaomi company announced that it received a loan of $ 1 billion. This amount Xiaomi plans to spend on the construction of new retail stores as at home and outside of China.
Syndicated credit for three years was received in 18 banks of Europe, the Middle East, India, China, Hong Kong and Taiwan, among which Deutsche Bank, Morgan Stanley, Bank of China, Deutsche Bank AG, Wing Lung Bank.
Previously, Xiaomi stated that it will open 2000 retail stores, half of which will be located outside China.
Recently opened new stores in India and Greece.