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China market: Smartphone vendor Xiaomi lands new loans for ramping hardware production, says paper

Commercial Times, June 28; Steve Shen, DIGITIMES Asia Thursday 28 June 2012 0

China-based smartphone vendor Xiaomi has recently secured new loans totaling US$216 million, which will be used to support its hardware production lines, the Chinese-language Commercial Times quoted the company's CEO Lei Jun as saying.

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