💨 Abstract

Xiaomi, a Chinese tech company, reported a 48.8% increase in Q4 revenue, driven by strong sales of electric vehicles and smartphones. The company's revenue for the October-December period was 109 billion yuan, surpassing analyst estimates. Adjusted net profit also rose by 69.4% to 8.32 billion yuan, beating the average analyst estimate.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖