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Xiaomi gains in worldwide smartphone sales

Tech giant Xiaomi 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 (about $12 billion) in the three months to March this year, business portal Caixin reported. According to the latest published earnings report, about two-thirds of the sum came from smartphone sales which were up nearly 70 percent.

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