Source: South China Morning PostXiaomi Corp’s first-quarter net profit grew 260.6 per cent to beat estimates on the back of increased sales worldwide, as the US lifted a Trump-era securities ban on the Chinese smartphone giant.The Beijing-based company, which was the world’s third-largest smartphone vendor in the first quarter, reported on Wednesday a better-than-expected net profit of 7.8 billion yuan (US$1.2 billion) in the three months ended March 31, up from 2.15 billion yuan in the same period in 2020. That surpassed the…Read More