Monday, November 19, 2018
Xiaomi gobbles up selfie phone brand Meitu as revenue jumps 49% – TechCrunch
Xiaomi is diversifying into a new range of phones as the Chinese smartphone maker announced impressive growth with its latest financials. The company announced it will take over selfie app maker Meitu’s smartphone business to go after new demographics, particularly women, while it lodged impressive 49 percent revenue growth in Q3. Xiaomi posted a net profit of 2.481 billion RMB ($357 million) 
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