12:21
2026-08-18
scmp.com
artificial-intelligence
Xiaomi ‘in no rush’ to turn vast AI spending into profits despite earnings slump
Xiaomi reported a 20.3% year-on-year drop in net profit to 9.46 billion yuan for the second quarter, its third consecutive quarterly decline, while revenue fell 6.1% to 108.9 billion yuan. The company…