Chinese smartphone maker Xiaomi is set to enter India's large home appliances market. This move comes as smartphone shipments decline. The company aims for local manufacturing. Alex Tang will lead this expansion as the new South Asia regional head. This strategy is part of Xiaomi's next growth phase in India.

The company reported strong gains in premium smartphones, tablets and TVs, outlined plans to enter large appliances, and announced leadership changes as India takes on a bigger…

Chinese smartphone maker Xiaomi is set to enter India's large home appliances market. This move comes as smartphone shipments decline. The company aims for local manufacturing.…