Xiaomi posts 64 pc rise in revenue as it snaps up DeepMotion to fast track its autonomous driving plans

//Xiaomi posts 64 pc rise in revenue as it snaps up DeepMotion to fast track its autonomous driving plans

Xiaomi posts 64 pc rise in revenue as it snaps up DeepMotion to fast track its autonomous driving plans

Chinese smartphone giant Xiaomi Corp posted a 64 per cent increase in second-quarter revenue, just weeks after the Beijing-based company announced an ambitious goal to become the world’s largest smartphone maker in three years.Hong Kong-listed Xiaomi on Wednesday posted slightly better-than-expected revenue of 87.8 billion yuan (US$13.56 billion) for the quarter ended June 30, up from 53.5 billion yuan a year ago. The robust performance was helped by gains in smartphone market share at home and…

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By | 2021-08-25T10:25:29+00:00 August 25th, 2021|Technology|Comments Off on Xiaomi posts 64 pc rise in revenue as it snaps up DeepMotion to fast track its autonomous driving plans