Xiaomi beats analyst estimates with 32% Q2 revenue jump

Xiaomi beats analyst estimates with 32% Q2 revenue jump

Xiaomi's first electric vehicle SU7 is displayed at a showroom of a newly opened Xiaomi store in Beijing, China March 25, 2024. REUTERS/Tingshu Wang/File Photo

China’s Xiaomi Corp on Wednesday reported higher-than-expected revenue for the second quarter, revealing for the first time its auto business unit‘s contribution of 6.2 billion yuan ($869.2 million).