Xiaomi posts $2.1B profit in its first quarter as a public company

Chinese smartphone firm Xiaomi has posted a $2.1 billion profit for its first quarter of business as a public company on account of growing smartphone and hardware sales. The firm listed in Hong Kong in July in an IPO that raised $4.7 billion, but Xiaomi’s share price has steadily fallen since then. The company announced today […] https://ift.tt/2Pz1W1A Jon Russell August 22, 2018 at 06:00AM