Andre Lin News Today

A unit of electric-vehicle maker BYD Co. that also supplies parts for Apple has climbed 23% this month, making it the best performer…

(Bloomberg) -- Xiaomi Corp. reported better-than-expected profit after cost-cutting efforts and a focus on more expensive mobile devices helped buoy margins and offset a moribund smartphone market.Most Read from BloombergCitadel Vets 69,000 Intern Applicants to Find Next Math GeniusesPutin Agrees to Visit China in First Trip Since Arrest WarrantWhat to Do With a 45-Story Skyscraper and No TenantsStocks Up Most Since June as Fed Bets Sink Yields: Markets WrapCrypto Scores Landmark US Legal Win Wi

Xiaomi reported better-than-expected profit in the smartphone market as cost-cutting efforts and focus on more expensive devices paid off.

Xiaomi is working through a glut of smartphone supply and cutting spending, but also has plans to expand in markets including Latin America and Europe.

SoftBank Group Corp. founder Masayoshi Son has said the firm is positioned to win the race to master AI, thanks to its billions of dollars in tech investment.

Xiaomi 12 Lite for the first time on live photos. Xiaomi has a habit of creating simplified versions of flagships.

New details on the upcoming Xiaomi 12 Lite smartphone. Both Xiaomi 12 Ultra and 12 Lite will launch in the next few months.

The rise and rise of Xiaomi Xiaomi’s quarterly profit beat estimates after the world’s third largest smartphone maker narrowed the gap with market leaders Samsung Electronics and Apple in shipments. The Beijing-based company posted an adjusted net income of C¥6.07-billion (US$949-million) in the quarter ended March, surpassing the highest estimate of ¥5.3-billion. Revenue jumped 55% to C¥76.9-billion, according to a filing to the Hong Kong Stock Exchange Wednesday. That compared to the C...