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India-smartphone: Chinese players expand share in booming market

MUMBAI (NewsRise) - Chinese smartphone makers Vivo, Oppo and Xiaomi are expanding their market share in India, challenging the dominance of local competitors by handing out discounts and boosting marketing spend, as they face a plateauing demand at home.

Smartphone sales in China have fallen in the last three years amid cutthroat competition in an overcrowded market. India, on the other hand, is one of the fastest-growing smartphone markets in the world, where barely a fifth of its more than one billion mobile phone users have high-speed Internet devices, leaving enough room for a sales boom.

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