Xiaomi to Proceed with $77.4M Acquisition of Autonomous Driving Startup Deepmotion, Affirms Chip Shortage is “Manageable”

Aug 27, 2021

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*Lei Jun, Co-founder and CEO of Xiaomi, in 2019. The Beijing-based firm overtook Apple in July to become the world’s second-largest smartphone seller. (Image: China Daily)*

Xiaomi Inc. delivered its financial report for the second quarter of 2021 on Wednesday evening, also outlining plans to continue its advance into the competitive field of autonomous ve…

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