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Companies

Xiaomi net profit surges to $1.45bn in January to September

Smartphone shipments beat full-year record, topping 100m units in November

Xiaomi's smartphone shipments fell 10% in China in July to September, but the decline was more than offset by growth in India, pushing its global market share near 10%.    © Reuters

BEIJING -- Chinese smartphone maker Xiaomi's net profit surged to 10.08 billion yuan ($1.45 billion) for the nine months through September, reversing a 30.82 billion yuan loss in the same period last year, the company said in an exchange filing on Monday, helped by strong sales in India and Europe.

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