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Xiaomi, Huawei launch new projects


02-24-2016 19:36 BJT

China's smartphone maker Xiaomi launched the Xiaomi 5 in Beijing today. The new model will be released on March 1st. Founder of Xiaomi, Lei Jun, says the new model is by far the most beautiful it has developed.

Xiaomi was the biggest smartphone manufacturer in China in 2015. It sold almost 65 million units last year. Xiaomi's major rival, Huawei, also launched a new product "Mate-book", the brand's first-ever laptop.

Huawei sold nearly 63 million phones last year. Both companies have recently expanded quickly overseas, especially in Southeast Asian and Indian markets.

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