Xiaomi reports record 64% revenue growth, acquires Deepmotion for $77.3 million

Xiaomi reports record 64% revenue growth, acquires Deepmotion for $77.3 million

3 years ago
Anonymous $drS9DEX_Sj

https://techcrunch.com/2021/08/25/xiaomi-reports-record-64-revenue-growth-acquires-deepmotion-for-77-3-million/

Xiaomi reported a second-quarter net income of $1.28 billion on revenue of $13.56 billion following the Chinese technology giant’s strong surge in smartphone market share globally.

During the quarter that ended in June, Xiaomi said it saw a 64% year-on-year growth in revenue, and its net income surged over 80% from the same time a year ago.

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