Smartphone maker Xiaomi posts slowest-ever revenue growth in third quarter
Chinese smartphone maker Xiaomi Corp <1010.HK> posted its slowest-ever quarterly revenue growth, as the country’s smartphone market copes with a protracted lull in sales and bigger rival Huawei [HWT.UL] grabs more market share. Demand for smartphones has eased in China as consumers hold on to devices longer. As well, Chinese shoppers have rallied behind and boosted sales at Huawei, the world’s second-largest smartphone maker, which was added to a trade blacklist by the United States.