Xiaomi Moves Into Higher End of Phone Market With New Devices

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Xiaomi Corp. released its biggest, most expensive smartphones as the Chinese manufacturer challenges Samsung Electronics Corp. and Apple Inc. at the higher end of the mobile-device market.

The 5.7-inch Xiaomi Note debuts Jan. 27 for 2,299 yuan ($371), Chief Executive Officer Lei Jun said at a press conference in Beijing today. The device is bigger, lighter and thinner than Apple’s iPhone 6 Plus and has a curved glass display, he said. A second device, the Note Pro, will sell for 3,299 yuan.