Sales fell 20 per cent year on year to 70.17 billion yuan (US$10.31 billion), missing estimates and marking a steeper decline from the previous quarter when the company posted its first-ever revenue drop since listing.

u31 game เครดิตฟรี If we deposit more money, or spend a lot of money spinning each eye. There's a high risk of losing, and most of the time it won't get any bonuses or rewards.

Net income fell 67 per cent to 2.08 billion yuan, missing analysts' estimates.

China's consumer consumption has struggled to rebound from the impact of lockdowns in Shanghai and other cities in the first half of the year.

Data this week showed China's economy slowed unexpectedly in July, indicating the world's second-largest economy is struggling to shake off the June quarter's hit to growth from COVID-19 restrictions and prompting a central bank rate cut.

China's long-stagnant smartphone sector has been especially hit by the downturn, with unit shipments down 10 per cent year on year in the second quarter, according to research firm Canalys.

Smartphone sales for Xiaomi, which generate more than half of the company's total revenue, fell 29 per cent.

In 2021, Xiaomi saw a sales surge after it grabbed market share from rival Huawei Technologies Co Ltd, whose ability to procure components was heavily crippled by US sanctions.