Xiaomi Struggles to Live Up to Mega-IPO Hype

The video discusses Xiaomi's efforts to transition from a hardware maker to an Internet services company. Despite their IPO being priced alongside major Internet firms, concerns remain about their reliance on handset sales, which constitute 70% of their revenue. The stock has fluctuated since the IPO, reflecting investor concerns. Xiaomi aims to expand its ecosystem by increasing smartphone sales, but faces challenges as the global handset market declines. The company is investing in video, music, and financial services, but needs to overcome platform limitations to grow its ecosystem.

What strategies is Xiaomi implementing to grow its ecosystem?

What challenges does Xiaomi face in expanding its services overseas?