Xiaomi has a secret money maker

Jamie McKane

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Xiaomi has a secret money maker

Investors have been looking for reasons to forgive Xiaomi Corp. for its post-IPO slump. They don’t appear to have found them yet.

Shares of the Chinese smartphone maker reversed a 2.1% gain to plunge as much as 5.5% in Hong Kong on Wednesday morning after the company posted second-quarter earnings.

[Bloomberg]
 
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