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Xiaomi grows FY revenues 53% on expansion abroad, new products

2019-03-19 13:26:00| Telecompaper Headlines

(Telecompaper) Xiaomi announced revenues of CNY 174.9 billion for 2018, up 52.6 percent. The Chinese company benefited from its expansion abroad, with international revenues more than doubling to CNY 70 billion, as well as expansion into new product categories and services, such as smart TVs and speakers. Net profit for the year totaled CNY 13.5 billion, and adjusted net profit grew 59.5 percent to CNY 8.6 billion.

Tags: new products expansion revenues

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