Xiaomi announces its new fold phone: Xiaomi is not a household name in the US, but it sells more phones worldwide than any other company except Samsung and Apple.
In addition to phones, Xiaomi manufactures a variety of products such as TVs, air purifiers, smart home devices, fitness bands, and lighting products.
Xiaomi is teasing the Mix Fold 3, which will be revealed in China next month. The phone features a unique rear quad-camera arrangement and Leica branding.
This happens less than a day after Samsung announces it new foldables.