Xiaomi revenue surges 64%, announces autonomous driving expansion

Xiaomi revenue surges 64%, announces autonomous driving expansion

FILE PHOTO: The Xiaomi logo is seen at a Xiaomi shop, in Shanghai, China May 12, 2021. REUTERS/Aly Song

Smartphone maker Xiaomi Corp’s second-quarter revenue rose a record 64% from a year earlier, it said on Wednesday, announcing the purchase of an autonomous driving startup as it prepares to expand into the competitive market.