Xiaomi Corporation registered in Asia as Xiaomi Inc., is a Chinese multinational electronics company founded in April 2010 and headquartered in Beijing. Xiaomi makes and invests in smartphones, mobile apps, laptops, home appliances, bags, shoes, consumer electronics, and many other products.Xiaomi is also the fourth company globally after Apple, Samsung and Huawei to have self-developed mobile system-on-chip (SoC) capabilities.
Xiaomi Xiaomi logo Net income Increase US$3.11 billion (2020) Total assets Increase US$38.83 billion (2020) Total equity Increase US$18.98 billion (2019) Number of employees22,074 (31 December 2020)Xiaomi released its first smartphone in August 2011 and rapidly gained market share in China to become the country’s largest smartphone company in 2014.At the start of second quarter of 2018, Xiaomi was the world’s fourth-largest smartphone manufacturer,leading in both the largest market, China, and the second-largest market, India.Xiaomi later developed a wider range of consumer electronics, including a smart home (IoT) product ecosystem, which has connected more than 100 million smart devices and appliances. Monthly active users (MAUs) of MIUI increased to 291.6 million in September 2019.Xiaomi has 18,170 employees worldwide. It has expanded to other markets including Greater China, Singapore, Japan, South Korea, Russia, South Africa and most countries and regions in Southeast Asia and Europe. to Forbes, Lei Jun, the founder and CEO, has an estimated net worth of US$12.5 billion.Xiaomi is the world’s 4th most valuable technology start-up after receiving US$1.1 billion funding from investors, making Xiaomi’s valuation more than US$46 billion.Ranked 468th, Xiaomi is the youngest company on Fortune Global 500 list for 2019. In 2019, Xiaomi’s mobile phone shipments reached 125 million units, ranking fourth globally since 2018. The company has been listed on the Hong Kong Stock Exchange since 2018.
Xiaomi in 2021:
In January 2021, Xiaomi launched its next midrange-flagship smartphone (Xiaomi Mi 10i 5G).On 19 January, KPN, a Dutch landline and mobile telecommunications company, sued Xiaomi wanting financial compensation because of a patent infringement. The patents were already part of lawsuits KPN filed against Samsung in 2014 and 2015 in a court in Texas.On 25 February 2021, Xiaomi unveiled the Redmi K40 Pro+ with 108 MP camera and Snapdragon 888 chipset, along with the K40 Pro and K40.On 30 March 2021, Xiaomi announced that they will invest US$10 billion in new electric vehicles for the next ten years.On 31 March, Xiaomi announced a new logo for the company, designed by Kenya Hara.On 31 May, Xiaomi showed a demo of their 200W system that can fully charge a Xiaomi MI 11 Pro in just 8 minutes.