BEIJING/TOKYO -- China's Xiaomi unveiled a new bezel-less smartphone Monday geared to compete with U.S. titan Apple's upcoming iPhones on both design and price, launching a growth and survival offensive as its home market -- the world's largest -- turns downward.
Chairman and CEO Lei Jun framed the Mi Mix 2 as superior to Apple's offerings, as he spoke to a crowd of about 3,000 in the gymnasium of a Beijing university. A massive screen behind him contrasted the premium phone's specifications with those of the iPhone, new models of which are set to be announced Tuesday.
