Xiaomi on Wednesday announced its financial results for the second quarter, reporting a revenue of RMB 88.89 billion ($12.46 billion), a 32.0% year-on-year increase. Adjusted net profit was RMB 6.2 billion (870 million), up 20.1% year-on-year. With 18,290 R&D staff, the company invested RMB 5.5 billion ($770 million) in research and development for the quarter…
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