Xiaomi moves past struggling Huawei as No 1 Chinese smartphone vendor in global market

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Xiaomi Corp, backed by 10 years of steady growth, cemented its position as the smartphone industry’s leading Chinese vendor in 2020, when it gained significant market share at home and abroad from US sanctions-hit telecommunications equipment giant Huawei Technologies Co.

“When Huawei was added to the US Entity List in mid-2019, it was the [world’s] second-biggest smartphone maker by volume,” said Fiona Vanier, senior analyst for forecasting at CCS Insight. “By the final quarter of 2020, it had slipped to fourth place and we expect its global market share to keep declining.”