Xiaomi Reports Q2 Profit Drop, CFO Says 'No Rush' to Monetize AI
pstAsiatech · x · 2026-08-18
Xiaomi reported a 20.3% YoY drop in Q2 net profit to 9.46 billion yuan, marking the third consecutive decline. Despite this, CFO Alain Lam stated the company is in 'no rush' to monetize its massive AI investments. R&D spending rose 25.6% to 18.2 billion yuan, with AI accounting for nearly 30%.
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