Lei Jun, chairman and CEO of smartphone maker Xiaomi, disclosed in an internal letter that the shipment of Xiaomi Phones jumped 160% year-over-year to 18.70 million sets this year, while the company’s revenue (tax included) advanced 150% from a year earlier to 31.6 billion yuan ($5.22 billion).

Lei added that the primary goal for Xiaomi in 2014 is to promote production capacity. He just said in his Weibo that Xiaomi would “guarantee to supply 40 million phones” and recording 50 billion yuan of sales in 2014.

Moreover, Hugo Barra, current VP for Xiaomi’ international business and former Android exec, on Jan.2nd announced Xiaomi’s entry to Singapore together with the launch a Xiaomi Singapore Facebook account. Xiaomi management once said they’d set up an office in Singapore. The company planned to expand to more overseas markets in the new year.

Source: TechNode