Xiaomi Wants a Bite of Apple

When the charismatic founder of upstart Chinese smartphone maker Xiaomi took the stage at an Internet conference, he was open about his ambition: world domination. “In the next five to 10 years, Xiaomi has the opportunity to become the world’s number one smartphone company,” Lei Jun told the Chinese-organised World Internet Conference. Xiaomi, which takes its name from the Chinese

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Apple Takes High Road in China Smartphone Standoff With Xiaomi

Apple Inc is steering clear of Chinese rival Xiaomi Inc’s low-price online strategy, ramping up store openings in China to harness its premium edge and fend off the fast-growing No.3 global smartphone maker. The U.S. firm’s quarterly results smashed Wall Street expectations with record iPhone sales in the holiday season and a 70 percent rise in China, powering the company

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