Xiaomi Delays Overseas Push Amid Foxconn Talks

Xiaomi has experienced rapid growth, becoming the top smartphone seller in China within four years. The company hired Hugo Barra to lead its international expansion, initially planning to enter 10 new markets. However, they have decided to scale back, focusing on five markets this year and postponing others to 2015. Xiaomi is in talks with Foxconn to boost production and is considering manufacturing in new markets. Despite scaling back, Xiaomi remains on a high growth trajectory, with a valuation between $40-50 billion and potential to surpass Samsung and Apple in the future.

What was Xiaomi's initial achievement in the smartphone market?

• Becoming the top smartphone seller in China

• Becoming the top smartphone seller in the US

• Becoming the top smartphone seller in Europe

• Becoming the top smartphone seller in India

Which markets did Xiaomi plan to enter but postponed until 2015?

• India, Singapore, Malaysia

• Thailand, Russia, Mexico

• Indonesia, Philippines, Malaysia

• Brazil, Turkey, India

What is Xiaomi's strategy for adding new markets according to Hugo Barra?

• Avoiding new markets altogether

• Focusing on one market at a time

• Entering multiple markets simultaneously

• Entering only European markets

What valuation range was Xiaomi aiming for during their funding rounds?

• 20 to 30 billion U.S. dollars

• 50 to 60 billion U.S. dollars

• 10 to 20 billion U.S. dollars

• 40 to 50 billion U.S. dollars

What is the potential future position of Xiaomi in the global smartphone market?

• Number one over Samsung and Apple

• Number two behind Samsung

• Number three behind Apple

• Number four behind Huawei