Xiaomi is expanding its physical presence in China. The company has been opening its own Mi Home stores where it showcases and sells the smart home products that it sells from mobile accessories and home wireless to smartphones and power banks.
During a conference last month, CEO Lei Jun announced that the company has set very ambitious goals for expanding its presence in the form of physical locations in major cities all over China. Lei Jun said that 200 stores are planned to be opened this year with the ultimate goal of reaching 1,000 stores in three years.
Over the weekend,…