Xiaomi posts 64 per cent rise in revenue as the company aims to be world’s largest smartphone maker

Source: Tech – South China Morning PostChinese 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…Read More

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