Xiaomi growth slows as fewer people buy phones, Huawei competition bites
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SHANGHAI (Reuters) - Chinese smartphone maker Xiaomi Corp posted its slowest revenue growth as a public company, missing analysts' estimates, as it lost market share to Huawei and customers held on to their phones before a 5G refresh.Xiaomi's stock, which has nearly halved from its IPO price, was down 6% in afternoon trading on Wednesday.China's smartphone market, the world's largest, is shrinking but consumers there are rallying in support of Huawei as it battles U.S. trade..