Xiaomi admits it got carried away chasing growth

A refreshing admission in these frenetic times see Chinese smartphone maker Xiaomi admit that its thirst for growth started to become counter-productive.
Bloomberg has reported on Xiaomi Chief Exec Lei Jun outlining his company’s goals for the year, including a revenue target of 100 billion yuan. This is the same number he was aiming for in Xiaomi’s best year so far – 2015 – but we never found out if that was achieved. We were given a shipment number of 70 million units f