Source: Tech – South China Morning PostChinese tech giant Xiaomi posted a 30.5 per cent increase in revenue for the second quarter, driven by strong demand for electric vehicles (EVs), even though its core smartphone business experienced flat sales.
The Beijing-based company on Tuesday reported revenue of 116 billion yuan (US$16.1 billion) for the three months ended June, a record high that beat analysts’ estimates of 114.94 billion yuan.
Net profit for the period also reached a record at 10.8 billion yuan, a 75.4 per cent…Read More