Breaking News English

A four-year-old Chinese tech company has [became / become] the world's third-largest smartphone maker, [behind / back] Samsung and Apple. The company is called Xiaomi Inc. It has also become the world's most [value / valuable] tech start-up and is more valuable than Uber, Dropbox, Pinterest and Snapchat. The Beijing-based company just [arose / raised] $1.1 billion in funding and is now [worth / worthy] $45 billion. That makes it worth more than tech [giant / giants] LG, Motorola and Sony put [together / apart] . Xiaomi is also the world's [fastest-growing / fastest-growth] smartphone maker. Its sales increased by 211 per cent in 2014. Its market [sharing / share] has also increased from 2 per cent to 5 per cent over the past year and it looks like that will increase [further / farther] .

Xiaomi has a [unique / uniquely] business model. It sells its phones for around what they cost to [do / make] . Profits come from apps and software. It also [makes / does] its customers follow the company. Many Xiaomi [uses / users] in China are very loyal fans of the company. The company uses marketing campaigns that give fans the chance [for / to] win prizes. This makes the company very [popular / popularity] . Bin Lin, Xiaomi co-founder and president, said: "We will strive to continue [bring / bringing] innovation to everyone, with a goal of producing high-quality, high-performance [devices / devils] with great user experience." However, not [everyone / someone] is a fan of Xiaomi. Apple's chief designer Jonathan Ive said Xiaomi stole the [resign / design] of its phone and many ideas from Apple.