Xiaomi saw its profits drop amid Covid-19 lockdowns. Photo: Handout
Xiaomi saw its profits drop amid Covid-19 lockdowns. Photo: Handout
Xiaomi

Xiaomi’s business hit hard by China’s Covid-19 lockdowns as profit halves in first quarter

  • Xiaomi said its first-quarter revenue fell 4.6 per cent from the same period a year earlier to 73.4 billion yuan
  • ‘This pandemic in China had a very big impact on our production and logistics,’ said Xiaomi’s president