Xiaomi does not plan India IPO anytime soon, 2025 focus on IoT devices: COO

Xiaomi has no plans for an India listing anytime soon but it intends to bring a larger pool of products to the country and wants to be known beyond smartphones, according to its newly appointed chief operating officer Sudhin Mathur.

With an aim to connect over 700 million IoT or connected devices over the next decade, up from about 250 million now, the Chinese smartphone maker has a huge focus on televisions, tablets, hearables and wearables, besides home products such as air purifiers, robo-cleaners and security cameras.