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It’s tempting to ignore the early morning tweets of a technology-challenged US president. Donald Trump is wrong on the facts, but his complaints underscore the business threats to tech companies from growing and largely disingenuous complaints.

Xiaomi delivered a 68% revenue jump and quarterly profit in its maiden earnings report, as the Chinese smartphone giant made strides overseas while fending off a challenge from local rivals such as Oppo.

While lamenting abusive conduct on Twitter, CEO Jack Dorsey said any move to block content based on political or social views would stoke already rising concern about the power of social media companies.