Xiaomi Profits On A Tear: Report

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Xiaomi Inc., China’s biggest mobile phone seller by shipments, almost doubled its profit in 2013, the Wall Street Journal reported, citing a confidential document it had seen. The document was presented to banks by Xiaomi, when it raised $1 billion recently to invest in Internet television, the paper said Wednesday. Xiaomi’s net profit last year rose…

Xiaomi Profits On A Tear: Report

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