Xiaomi will invest more than $ 15 billion over the next five years in development and research to remove Apple from the throne of the largest smartphone maker.
Their goal is to first become number one in China, and then in the global world market, and to overthrow Apple from the first place.
Lei Jun, CEO and founder of Xiaomi, said their goal is to reach the full level of Apple and become number one in the next three years.
Last year, Apple overtook Samsung and became the world's largest seller of mobile phones, and after six years, they became number one in China as well.
There, they took Vivo off the top and hold the first place everywhere.
Xiaomi will now spend over $ 15 billion to overthrow them, and will open another 20,000 retail outlets in China alone.
They are currently the first in Europe.
