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Xiaomi co-founder and CEO, Lei Jun, warns that Xiaomi phones could get more expensive in future releases as the company attempts to leave behind its reputation for producing cheap hardware.

The company’s flagship Mi 9 phone, launched Feb. 20 in Beijing, is packed with new features: three separate back cameras, a powerful Qualcomm Snapdradon 855 chip, wireless charging—and a slightly higher price tag.

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Cassidy McDonald

Cassidy McDonald is a Beijing-based multimedia journalist who covers technology's effect on Chinese society. She tweets at @CMcD123.