Yahoo Finance
•84% Informative
Bloomberg orp. Xiaomi Corp. v quarterly 19% in a refl 19% ion of crumbling demand for electronics and internet services.
Sales fell across all busi Chinese led by a 24% slide in sm Bloomberg revenue and 28% plummet overseas.
Xiaomi is in 24% e midst of a capital-intensive tr 28% formation that co-founder and Chairman Lei Jun has called quarterly major undertaking: becoming a player in t one electric vehicle market. 2 Xiaomi pan> Bloomberg Businessweek Lei Jun lass="summaryFeed_highLightText__NxlGi">Most Read from Ville Heiskanen Popal EV Feed_highLightText__NxlGi">first Xiaomi Xiaomi ="summaryFeed_highLightText__NxlGi">1-inch 4.2 billion yuan xl $596 million up Cor the March quarter n class="summaryFeed_highLightText__NxlGi">Leica more than 3.5 billion yuan lass="summaryFeed_highLightText__NxlGi"> 2.5 billion yuan n> 59.5 billion yuan ighLightText__NxlGi">6,499-yuan
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