Xiaomi stepped into the living room_space last year when it unveiled a smart TV. Today CEO and co-founder Lei Jun took to the stage at a launch event in Beijing to announce the second generation of the TV, which most notably supports 4K resolution. Coming in at $640, the Mi TV 2 is extremely affordable, aligned with its aim to launch devices that undercut the prices of other similar products on the market. The 49-inch Mi TV 2 has a screen that is two inches bigger than its predecessor. It also improves on the first generation product’s specs in a...

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