China phone giant Xiaomi may be twice as expensive as Apple

China phone giant Xiaomi may be twice as expensive as Apple

A Xiaomi Corp. Mi 6 smartphone is displayed for a photograph during a news conference in Hong Kong, China, on Monday, June 26, 2017. Photographer: Anthony Kwan/Bloomberg

Chinese serial entrepreneur Lei Jun has been compared with Steve Jobs. Now, analysts are saying the smartphone giant he built could be twice as expensive as Apple Inc.

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