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China's Xiaomi set to launch consumer lending business in India

Updated : August 23, 2019 09:48 AM IST

Xiaomi is poised to launch a consumer lending business in India in the coming weeks.
The stakes are high for the world's fourth-largest mobile phone vendor, whose business model relies on low-margin hardware sales with services as a key long-term profit centre.
China's Xiaomi set to launch consumer lending business in India

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