• Reuters

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Huawei unveiled an upgrade to its folding smartphone on Monday, hoping that a faster phone with higher-quality display will encourage consumers to spend as much as $2,700 for the top-of-the-range version.

The new Mate XS arrives a year after the Chinese tech giant showed off its first folding phone, which had back-to-back screens that opened to create an eight-inch display. That device went on sale in China in November after the company improved the design.

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