Xiaomi take first big step outside China with Brazil smartphone

By Brad Haynes SAO PAULO (Reuters) - Chinese smartphone maker Xiaomi has started making devices in Brazil for sale locally, promising to dramatically undercut rivals on price in the first big step beyond Asia for the world's most valuable technology start-up. Xiaomi's global vice-president, Hugo Barra, said at a launch event on Tuesday that the entry-level Redmi 2 smartphone would go on sale in Brazil next week for 499 reais ($160). Without traditional advertising or stores, China'