Xiaomi to open its first official store in Portugal – Business

Xiaomi to open its first official store in Portugal - Business

Xiaomi will inaugurate the first official Mi Store on national territory on June 1st. The new store will be located at 120 Sá da Bandeira Street, in the center of the city of Porto, and joins the more than 100 spread throughout Europe, in countries like Austria, France, Spain, Italy, the United Kingdom or Norway , among others.

Xiaomi leader for Western Europe, Ou Wen, believes that the opening of the first store in Portugal "further reinforces the commitment to continuously expand our presence in Europe, including in the Iberian Peninsula, which we see as a priority market in our strategy of global expansion. "

Or Wen adds that "with this ever-expanding sales channel, I believe we will truly provide everyone with a better life through our range of innovative products at fair prices thanks to our efficient omnicanal sales model."

The Chinese manufacturer presented this week the financial report for the first quarter of 2019, with very positive results. According to the document, the revenue of the Chinese group was 43.8 billion yuan (about $ 6.3 billion), which represents a growth of 27.2% over the same period last year. Profit was 2.1 billion yuan (303 million US dollars), an increase of 22.4% over last year, with Xiaomi surpassing market expectations.

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