In The News
Xiaomi reports quarterly profit nearly halved as handset margins shrink, EV ambitions strain capital
by Sato Asahi
Xiaomi’s Q2 Profit Plunges as Memory Costs Bite and EV Push Strains Capital Xiaomi Q2 adjusted net profit fell about 43% as rising memory costs and soft gadget demand squeezed handset margins, while heavy EV spending added strain. …