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August 22, 2019

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Xiaomi earnings jump

China’s tech giant Xiaomi reported 20.2 percent revenue growth in the first half of this year, hitting 95.7 billion yuan (US$13.6 billion), the Beijing-headquartered company said in its H1 financial results.

Its adjusted net profit rose 49.8 percent year on year to 5.7 billion yuan. In the six months, Xiaomi posted 9.8 percent revenue growth in the smartphone sector with a global shipment of about 60 million units. Its revenue from overseas business grew 33.8 percent year on year to 38.6 billion yuan, accounting for over 40 percent of the total.


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