Why are Xiaomi phones so cheap?

Xiaomi's unique business model is propelling the company outside its home base in China

  • A banner advertising phones from Chinese handset maker Xiaomi

  • Xiaomi's new "Red Rice" phone is made for China's low-end market.

  • Xiaomi's next generation flagship phone, the Mi3.

  • Xiaomi offices in Beijing

  • The Xiaomi Mi 3 phone.

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