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Friday 27 August 2021

Xiaomi posts 84.4% YoY increase in profits in Q2 2021, acquires self-driving startup Deepmotion for $77.3 million

Xiaomi has reported its earning for the second quarter (Q2 2021) that ended June 30, 2021. It reported revenue of 87.8 billion yuan (US$ 13.56 billion), an increase of 64% compared to Q2 2020. Net profit for the quarter was approximately 6.3 billion yuan (US$1.28 billion), up 87.4% YoY. The company said that the total … Continue reading "Xiaomi posts 84.4% YoY increase in profits in Q2 2021, acquires self-driving startup Deepmotion for $77.3 million"