Samsung, which leads the market ahead of Huawei and Apple, launched a 5G phone on Wednesday which it said would be available in early summer, with a $1,980 starting price.
"We think this is one of the most competitive prices for a 5G smartphone today and it's going to be available very, very soon," Sung said.
Xiaomi initially targeted Asian markets, notably India, for overseas expansion, before launching in Spain, France and Italy in late 2017.
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