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Xiaomi profits fall in Q4 on marketing push to boost overseas growth

2020-03-31 14:04:00| Telecompaper Headlines

(Telecompaper) Xiaomi reported revenues for the fourth quarter of 2019 up 27.1 percent year-on-year to CNY 56.5 billion. Net profit for the period fell to CNY 2.4 billion from CNY 3.4 billion a year earlier, after a sharp rise in marketing and promotional spend to boost sales outside China. 

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