Xiaomi Internet services News

Recently, Chinese e-tailer Alibaba's Executive Chairman Jack Ma announced his plans to resign after a 12-month transition period, handing over the reins to Daniel Zhang, current Chief Executive of Alibaba Group Holding.

Xiaomi`s Internet services revenue, which include games and mobile payment apps, surged 150 percent to 3.71 billion yuan (USD 563.94 million) from 1.48 billion yuan a year earlier, the internal document showed.