Xiaomi Swings to Profit on Strong Smartphone Sales



HONG KONG—Chinese smartphone maker Xiaomi Corp. swung to a profit in the second quarter as smartphone sales rose sharply, but the results were weighed down by a big bonus payment for its chief executive.

The results marked the first quarterly earnings report for Xiaomi since its $4.7 billion initial public offering in Hong Kong last month.

The…



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *