Xiaomi has reported its earning for the second quarter (Q2 2021) that ended June 30, 2021. It reported revenue of 87.8 billion yuan (US$ 13.56 billion), an increase of 64% compared to Q2 2020. Net profit for the quarter was approximately 6.3 billion yuan (US$1.28 billion), up 87.4% YoY. The company said that the total revenue and adjusted net profit both reached record highs in the quarter, demonstrating the excellence of the business model and the robustness of its operations. Continue reading “Xiaomi posts 84.4% YoY increase in profits in Q2 2021, acquires self-driving startup Deepmotion for $77.3 million”