Xiaomi (XI) (XIACF) (XIACY) is gradually scaling its fintech business by leveraging its smartphone network effect and geographic footprint. Although fintech remains a relatively small portion of Xiaomi's overall revenue stream, we believe that it could potentially become a bigger revenue contributor driven by the growing need to seek a new source of revenue driver and supportive regulatory measures in China that could allow Xiaomi to scale its fintech offerings over time.
The bottom line
Xiaomi markets itself as an internet company rather than a smartphone maker and if