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Xiaomi Says It Will Cap Margin At 5 Percent; Plans To Share Excess Profit With Users

Alongside the launch of its newest smartphone, the Mi 6X at Wuhan University in Beijing, Xiaomi CEO Lei Jun took center stage to make an unusual pledge in front of Mi fans. The Chinese giant proclaimed that it will now cap the profit margin for its hardware business at 5 percent, starting this year. The astounding […]

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