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Xiaomi aims to overtake Samsung as top smartphone maker in 3 years

Chinese company has grabbed market share from compatriot Huawei

TAIPEI -- Chinese smartphone maker Xiaomi, which recently surged past Apple to become the world's second-largest seller, aims to surpass leader Samsung Electronics in three years.

"Our current task is to cement the No. 2 position in the global market," founder and CEO Lei Jun said Tuesday. "We aim to become global No. 1 in three years."

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