TOKYO -- Low-price smartphones are big business in China, where more than 300 handset makers are fighting for a piece of the action. One such company, Xiaomi, is drawing particular attention for its stellar growth.
Its phones are winning a lot of domestic fans thanks to their reputation for offering considerable bang for the buck. The company has vaulted into the top 10 Chinese makers by market share in just four years since its establishment in April 2010.
