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China's Xiaomi announces telecom carrier service, new flagship handset

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People stand near a logo of Xiaomi ahead of the launching ceremony of Xiaomi Phone 4, in Beijing, July 22, 2014. REUTERS/Jason Lee/Files

BEIJING (Reuters) - Xiaomi Inc, China's leading smartphone maker, announced on Tuesday two prepaid wireless plans to mark its debut as a mobile virtual network operator (MVNO) competing against China's national carriers.

MVNOs, which purchase network capacity from large carriers and resell mobile plans under their own branding, have failed to gain traction in China, where...


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