Huawei's Mate XT tri-fold smartphone sparks frenzy, prompting scalpers to raise prices

Strong demand for Huawei Technologies' attention-grabbing Mate XT tri-fold smartphone, which is in tight supply, has prompted consumer electronics vendors in Shenzhen's Huaqiangbei to triple the handset's selling price ahead of its official release this Friday. While Huawei has put a 19,999 yuan (US$2,800) price tag on the 256-gigabyte model of the Mate XT, many scalpers have listed the new 5G handset from 60,000 yuan to 70,000 yuan amid a growing number of inquiries, according to Lin Shen, a se