Xiaomi Gobbles up Selfie Smartphone Brand Meitu
The Chinese smartphone major Xiaomi is recently diversifying into a new range of phones as the Chinese smartphone maker announced impressive growth with its latest financials.
With this, the company has announced its plans to take over selfie app maker Meitu’s smartphone business to go after new demographics. This is being done particularly keeping in focus the women, while it lodged impressive 49 percent revenue growth in Q3.
Xiaomi posted a net profit of 2.481 billion RMB ($357 million) for the quarter on total sales of 50.846 billion RMB ($7.3 billion). The majority of those phones are sold in China, but the company said that international revenue overall was up by 113 percent year-on-year.
Also, the very well-known for its ‘beautification’ selfie apps, Meitu sells smartphones ...