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What does "te quiero" mean?

I just met this guy (he's dominican), and the day after we slept together for the 1st time, he told me "te quiero". When I translate it, it gives me 'I love you', but I don't think that's what he meant, since we barely know each other. So does it have any other meanings? Thanks! :)
What does "te quiero" mean?
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