Tim Culpan, Columnist

Ho, Ho, Ho, Xiaomi

We all like to believe in fairy tales, but a net income margin as high as 5.9 percent?
Photographer: VCG/Getty Images
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Xiaomi Corp. is set to pull in revenue of $17 billion to $18 billion this year, ahead of its own target, Reuters reported Friday, citing the company's comments to bankers.

That's impressive, but believable. Xiaomi has had a great year.