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Chinese smartphone maker Xiaomi lays off 900 employees: Report

Xiaomi's sales fell to 70.17 billion yuan ( ₹8,226 crore) thereby marking a steep decline from the previous quarter when the company had posted its first revenue drop since listing, Reuters reported.

Xiaomi logo is seen on a smartphone box in this illustration taken September 28, 2021. (Reuters)
Xiaomi logo is seen on a smartphone box in this illustration taken September 28, 2021. (Reuters)
Published on Aug 21, 2022 12:06 PM IST

Xiaomi Q2 revenue falls 20% as Covid restrictions hit China sales

Sales fell 20% year on year to 70.17 billion yuan, missing estimates and marking a steeper decline from the previous quarter, when the company posted its fist-ever revenue drop since listing.

Net income fell 67% to 2.08 billion yuan, missing analyst estimates.(Reuters file photo)
Net income fell 67% to 2.08 billion yuan, missing analyst estimates.(Reuters file photo)
Published on Aug 19, 2022 03:59 PM IST

Xiaomi unveils 'Pilot Technology' for its self driving electric vehicle

CEO Lei Jun claims that Xiaomi's autonomous technology employs an internally developed full-stack methodology and that the development thus far has surpassed all expectations.

A video shared by Xiaomi CEO showing Pilot Test vehicle's trial.(Twitter)
A video shared by Xiaomi CEO showing Pilot Test vehicle's trial.(Twitter)
Published on Aug 13, 2022 08:51 AM IST
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