Xiaomi posts revenue fall, hurt by China's Covid curbs

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Restrictions hit world's biggest smartphone market.

Xiaomi posts revenue fall, hurt by China's Covid curbs
China's Xiaomi posted a steep drop in second quarter revenue as the world's biggest smartphone market shrank, hit by strict Covid restrictions. Sales fell 20 percent year on year to 70.17 billion yuan (A$15 billion), missing estimates and marking a steeper decline from the previous ...

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