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Wall Street reviews Xiaomi’s financial report: Q3 performance overall exceeded expectations, memory price increases will suppress smartphone gross margin, key variables are automobile deliveries and new model progress.

Wall Street reviews Xiaomi’s financial report: Q3 performance overall exceeded expectations, memory price increases will suppress smartphone gross margin, key variables are automobile deliveries and new model progress.

Xiaomi's latest financial report shows that the company’s adjusted net profit in Q3 hit RMB 11.3 billion, a record high, representing a year-on-year increase of 81% and outperforming Wall Street expectations. Notably, Xiaomi’s innovative business segment including smart electric vehicles and AI achieved an operating
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Achieved single-quarter profitability for the first time! Kingsoft Cloud’s adjusted net profit in Q3 is 28.7 million yuan, AI billing business revenue increased 120% year-on-year | Earnings Report News

Achieved single-quarter profitability for the first time! Kingsoft Cloud’s adjusted net profit in Q3 is 28.7 million yuan, AI billing business revenue increased 120% year-on-year | Earnings Report News

```On Wednesday, Kingsoft Cloud delivered an impressive Q3 report card—revenue accelerated and the company achieved quarterly profitability for the first time. The company’s strategic bet on AI is starting to pay off, with AI business billings in Q3 up 120% year-on-year, making it the core growth driver. Key
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Bitcoin’s plunge drags down the world’s largest spot Bitcoin ETF, with record single-day redemptions and nearly $2 billion in net outflows in November.

Bitcoin’s plunge drags down the world’s largest spot Bitcoin ETF, with record single-day redemptions and nearly $2 billion in net outflows in November.

Bitcoin prices plunged sharply, triggering panic-selling among investors and causing heavy losses for related ETFs. On Tuesday, BlackRock’s iShares Bitcoin Trust (IBIT), the world’s largest spot Bitcoin ETF, experienced a record one-day outflow of $523 million. This figure marks the highest single-day redemption since the fund’s launch