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It certainly looks like a Xiaomi foldable phone in testing, but we'll never really know until we see a real-life product.
A stable version is out, though users have complained that it's actually not all too stable. Still, the OTA file is available for sideloading.
Huawei has its 40-megapixel cameras while Nokia had the Lumia 1020 with a 41-megapixel camera. Will Xiaomi beat them to a pulp in January?