
Xiaomi announced on Tuesday that it saw a 126.3% year-on-year increase in adjusted net profit to RMB 19.3 billion ($2.68 billion) in 2023, despite a slight 3.2% year-on-year decrease in total revenue to RMB 270.9 billion ($37.63 billion). In 2023, Xiaomi’s research and development expenditure surged by 19.2% year-on-year to RMB 19.1 billion ($2.65 billion…
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