Xiaomi reports a 22% jump in Q3 revenue

Xiaomi has experienced a remarkable boost in its third quarter revenue, skyrocketing by 22.3%. As the third-largest player in the smartphone market globally, the company is turning its gaze towards the electric vehicle sector with substantial investments. This quarters revenue touched an impressive 113.1 billion yuan, while their adjusted net profit soared by 80.9% compared to last year.