Technology · 10:49 AM UTCXiaomi second quarter revenue surges 64% year on year as phone sales riseXiaomi Corp (1810.HK) posted second-quarter revenue …

People wearing protective face masks visit Xiaomi brand’s store, amid the outbreak of the coronavirus disease (COVID-19) in Kyiv, Ukraine October 22, 2020. REUTERS/Valentyn Ogirenko/File Photo

SHENZHEN, China, Aug 25 (Reuters) – Xiaomi Corp (1810.HK) posted second-quarter revenue of 87.8 billion yuan on Wednesday, up 64% year on year and above analyst expectations, as the company grew its market share in the global smartphone market.

Net income reached 6.32 billion yuan, up 87.4% year on year and above analyst expectations.

Reporting by David Kirton in Shenzhen and Josh Horwitz in Shanghai; Editing by Edmund Blair

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