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Xiaomi

The upstart consumer-electronics company, just three years old, is a neophyte no more. Xiaomi released four new smartphones in 2013 and sold almost 19 million, up more than 150% from 2012. It's staking out a significant piece of the Chinese market with its low-cost, feature-rich devices. One model sold out its initial run—100,000 units—in less than two minutes.
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