Xiaomi Corp reported a small increase in revenue for the third quarter as smartphone shipments failed to gain much traction amid a faltering recovery for China's economy.

Sales came in at 70.9 billion yuan ($9.83 billion), beating an average estimate of 70.2 billion yuan drawn from 13 analysts surveyed by LSEG. ($1 = 7.2111 Chinese yuan) (Reporting by Yelin Mo in Beijing and Brenda Goh in Shanghai; Editing by Jacqueline Wong)