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China's Lackluster Earnings Are Nearing an Inflection Point on Stimulus Bets

(Bloomberg) Optimism is growing among market watchers that efforts by Beijing to revive China’s economy will translate into a boost for the bottom line of its heavily-battered companies.Most Read from BloombergThese Flight Routes Suffer the World’s Worst TurbulenceNvidia Delivers on AI Hopes, Igniting $140 Billion Stock RallyCiti Trader Got 711 Warning Messages Before Sparking Flash CrashTech Up in Late Hours as Nvidia Emboldens AI Bulls: Markets WrapAbout 40% of MSCI China Index members that ....

Hong Kong , Steven Sun , Bloomberg Businessweek , Catherine Ngai , Marvin Chen , Netease Inc , Goldman Sachs Group Inc , Bilibili Inc , Qianhai Securities Ltd , Xiaomi Corp , Holdings Plc , Baidu Inc , Tencent Holdings Ltd , Goldman Sachs Group , Securities Ltd ,

Xiaomi's Q1 Revenue Soars 27% As Global Smartphone Shipments Surge, Eyes Ambitious EV Goals - Xiaomi (OTC:XIACF), Xiaomi (OTC:XIACY)

Xiaomi reported a 27% revenue increase for Q1 2024, reaching RMB75.51 billion. The company's global smartphone shipments rose 33.7% to 40.6 million units, while IoT devices on Xiaomi's AIoT platform surged 27.2% to 786.1 million. Despite a 1% net income decline, signs of recovery in the mobile market are evident. Xiaomi aims to deliver 120,000 SU7 electric vehicles this year. ....

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