IPO hopeful Xiaomi set to surpass 2017 revenue target, to fetch $1b profit

IPO hopeful Xiaomi set to surpass 2017 revenue target, to fetch $1b profit

FILE PHOTO: Men try out Xiaomi smartphones at the company's store in central Kiev, Ukraine May 17, 2017. REUTERS/Valentyn Ogirenko/File Photo

Chinese smartphone maker Xiaomi Inc has told bankers it would top its annual revenue target by as much as 18 percent, sources with knowledge of the matter said, marking a comeback from a sales slump in recent years that triggered a business overhaul.

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