Xiaomi Wins Key to China's Heart

Smartphone maker Xiaomi has been on a tear. It has risen from a lowly device maker to king of the Chinese market in just a year, according to a new report from Canalys. A year ago, Xiaomi held a 5 percent of China’s second-quarter smartphone shipment rankings. By the first quarter of this year, the company had achieved a 10.7 percent market share, behind Samsung’s 18.3 percent and Lenovo’s 11 percent. Just one quarter later, Xiaomi owns the top spot, with 14 percent of the market, while Samsung, Lenovo and Yulong trail with 12 percent each.

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