China's Xiaomi booked $56 million profit in 2013 - filing

By Gerry Shih BEIJING (Reuters) - Privately owned Xiaomi Technology Ltd Co booked 347.5 million yuan (35.7 million pounds) in net profit last year, according to a regulatory filing that showed the world's No.3 smartphone maker grappling razor-thin margins. The figure casts new light on the growth of a company that reached third place in just four years thanks to handsets lauded for balancing quality and affordability. Only this month did momentum finally stall when a patent challenge in Ind