Source: South China Morning PostXiaomi Corp’s fourth-quarter profit rose 261 per cent to beat market estimates on the back of expanded sales and global market share, as the Chinese smartphone giant defied a US ban on American investments.The Beijing-based company, the world’s third-largest smartphone vendor in the fourth quarter, reported on Wednesday a better-than-expected net profit of 8.8 billion yuan (US$1.3 billion) in the three months ended December 31, up from 2.4 billion yuan in the same period in 2019. That surpassed…Read More