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Xiaomi gains in Smartphone Sales worldwide

Tech giant Xiaomi has posted strong revenue and profit growth in the first quarter. Xiaomi’s total revenue rose 54.7 percent year-on-year to 76.9 billion yuan (about 12 billion U.S. dollars) in the three months to March this year, business portal Caixin reported. About two-thirds of that came from smartphone sales, according to the latest published earnings report, which were up nearly 70 percent.

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