Xiaomi is a Chinese multinational electronics company that gives its best in designing, developing, and selling smartphones, laptops, home appliances, and other consumer electronics. The company was founded in the year 2010 by Lei Jun and a group of partners in Beijing, China, and later started to grow rapidly. At present, they are the best & largest smartphone manufacturers in the world.
Xiaomi is a privately held company, with Lei Jun serving as its CEO. The company is initially headquartered in Beijing, China, and has a strong presence in domestic and international markets.
In the initial period of time, Xiaomi focused on producing efficient, high-quality, affordable smartphones and quickly launched itself as a major player in the industry. The company is well known for its effective products and cutting-edge technology and has the best reputation for producing high-quality, affordable electronics that are popular with consumers globally.
Later, in recent years – Xiaomi has expanded its operations to provide a wide range of consumer electronics, laptops, home appliances, and wearable devices. The company eventually made significant investments in research & development and is constantly working to increase the products and stay ahead of the curve in the rapidly-changing tech industry.
Concerning its innovation and high-quality products, Xiaomi is well known for its continued success in the future. The company is now a leading smartphone brand globally and has a stable presence in many markets across Asia, Europe, and other regions.
Xiaomi Net Worth
Xiaomi has an estimated net worth of about $3.57 million.
Xiaomi Brand History
Xiaomi’s popularity worldwide is demonstrated by its sustainability among the Top 5 makers in 62 markets globally, in 14 of which it is the best-selling smartphone manufacturer.
The company is effortlessly trying to improve its portfolio with AI products, and results for 2021 revealed revenue from other smart devices increased by over 26% yearly to reach CNY 85 billion. On the other hand, in the business with air conditioners, refrigerators, and washing machines, the YoY growth was 60%.
In recent years, reports stated that the average number of users of Xiaomi MIUI monthly was 509 million in 2021, which is 28.4% more than in 2020. In addition, Xiaomi can also help to earn from advertising within its user interface, and revenue jumped 42.3% in this segment to CNY18.1 billion.
The company was later founded in April 2010 by ex-Kingsoft CEO Lei Jun. The core target for the company at that point was to construct a custom ROM based on Google’s Android.
The company is a result of a union between the owners of Qualcomm and Temasek Holdings, an investment firm from Singapore. MIUI, the Rom, generated by the company, received wide appreciation globally due to the in-depth customization option which they have provided. Later, at the year-end of 1013, the MIUI had nearly 30 million users worldwide, which is huge given that it was a new company back then.