Xiaomi reports Q3 revenue down 9.7% YoY to ~$9.85B, slightly above estimates, and a ~$210M net loss, following a ~$420M writedown on investments (Bloomberg)

Bloomberg:
Xiaomi reports Q3 revenue down 9.7% YoY to ~$9.85B, slightly above estimates, and a ~$210M net loss, following a ~$420M writedown on investments  —  Xiaomi Corp.'s quarterly revenue fell almost 10% as it battled a slumping global smartphone market and weak consumer demand at home.