Huawei's Mate XT 2 Ultimate Design tri-fold phone has drawn in-stock markups, futures deposits and proxy-purchase offers before sales begin at 10:08 a.m. on September 12. The proxy model requires buyers to provide e-commerce account access and phone verification codes, prompting warnings from PDD Holdings and cybersecurity expert Pei Zhiyong about privacy loss, account theft and possible platform blacklisting. Unveiled in Guangzhou on September 7, the phone starts at CNY 19,999, or about $3,000, and uses the Kirin 9050 Pro, Huawei's first new Kirin flagship processor in six years. Huawei claims substantial gains in processing, graphics, artificial intelligence and satellite connectivity, while Counterpoint Research forecasts Huawei smartphone shipments will grow 8% in 2026 despite an expected 14.3% global market decline.