August 25, 2021

SHENZHEN, China (Reuters) – Xiaomi Corp posted second-quarter revenue of 87.8 billion yuan on Wednesday, up 64% year on year and above analyst expectations, as the company grew its market share in the global smartphone market.

Net income reached 6.32 billion yuan, up 87.4% year on year and above analyst expectations.

(Reporting by David Kirton in Shenzhen and Josh Horwitz in Shanghai; Editing by Edmund Blair)