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China tech

China's Xiaomi aims past Apple and Huawei with 2021 orders

Smartphone maker raises $3bn as it plans to produce 240m devices

Xiaomi has moved quickly to seize market share from its beleaguered compatriot Huawei. (Photo by Karina Nooka)

TAIPEI -- China's biggest smartphone rival to Huawei Technologies is massively ramping up its factory orders for next year in a bold dash for growth that could also mount a challenge to Apple in the fiercely fought consumer market.

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