China has plenty of Apple fans. But most people are in the market for something cheaper. Roughly one of two smartphones sold here costs less than $200. That's the hottest segment of China's smartphone market, with brands from Samsung to ...well, Beidou battling it out. And it's about to go into overdrive. Xiaomi, sometimes called China's Apple, recently launched the Hongmi or 'Red Rice' smartphone, which goes for less than $130.moreless
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