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Xiaomi, also known as Mi, has grown into a globally recognized and influential technology brand. A few years back, this Chinese company made a major impact on the smartphone market, particularly in China, where it managed to capture a significant share that was previously dominated by Samsung. By 2015, Xiaomi had become the leading smartphone brand in China—a country with a population of around 1.4 billion at the time. This remarkable rise contributed to the immense wealth of the company’s CEO, as the demand for smartphones in China was exceptionally high. Xiaomi’s rapid growth also posed serious competition for established players like Apple, which faced increasing pressure in the Chinese market. Following its success in China, Xiaomi expanded its reach to the United States, where it received a very positive response from consumers and continued to strengthen its global presence.
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