Xiaomi, World’s No. 3 Smartphone Brand, Says 2nd Qtr Profit Plunged By 83% Amid Economic Headwinds

A pedestrian in front of a Xiaomi Corp. store in Shanghai in 2021. Photographer: Qilai … [+] Shen/Bloomberg © 2021 Bloomberg Finance LP Net profit at Beijing-headquartered Xiaomi, the world’s No...

Xiaomi Posts 1st Quarter Loss As Covid, Parts Shortage Hurt Smartphone Sales

A shopper walks past a Xiaomi store in Shanghai last year. Retail business this year has been hurt … [+] by Covid lockdowns. Photographer: Qilai Shen/Bloomberg © 2021 Bloomberg Finance LP Xiaomi...