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Xiaomi 2Q revenue jumps 32% on auto business, smartphone sales
BEIJING China's Xiaomi Corp posted a 32% rise in second-quarter revenue on Wednesday, driven by new revenue streams from its auto business unit and boosted by strong sales of handsets.
For the three months ending in June, Xiaomi's revenue was 88.9 billion yuan (US$12.46 billion or RM54.5 billion), beating the 85.8 billion yuan estimated by analysts according to LSEG.
Adjusted net income was 6.18 billion yuan, above the 4.8 billion yuan estimated by analysts.
- Reuters
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