The global wearable device market continued to grow in the second quarter of 2018, according to the latest report released on Sept. 5 by market research company International Data Corporation (IDC). Xiaomi and Huawei ranked second and fourth respectively among the top five on the list.
Xiaomi released its financial report for the second quarter of 2018, also its first post-IPO financial report on August 22. Total revenue reached 45.24 billion yuan ($6.6 billion), a year-on-year increase of 68.3 percent.
Baidu released on August 1 its unaudited financial report for the second quarter of the 2018 fiscal year. Baidu’s total revenue grew 32 percent to reach 26 billion yuan ($60 billion), while its net profit grew 45 percent to reach 6.4 billion yuan.