, Columnist
Xiaomi Is More Like Facebook Than Apple
The smartphone maker tracks your activity and uses it to target ads.
“Courage and trust,” Lei Jun said. Investors in Xiaomi may need both.
Photographer: VCG/Getty Images
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Services, services, services, services.
That’s the mantra that you’ll surely hear most as Xiaomi Corp. tries to convince investors that a hardware company with razor-thin margins is worth $100 billion.