China's Xiaomi targets sales of $14.5 billion in 2017
China's Xiaomi targets 2017 sales of over 100 billion yuan ($14.47 billion), Chief Executive Lei Jun said on Thursday, after a year that saw the firm fall down the smartphone vendor rankings while it overhauled its business.
"The worst is over," Lei said at an annual meeting in Beijing, describing 2016 as a "make-up year".

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