Xiaomi MI
8 years ago, Chinese Electronics Company named Xiaomi came in to market making large investments in smart phones, laptops, mobile apps and other consumer electronics. The company is headquartered in Haidian District, Beijing, China.
It is considered 4th among the world’s largest smartphone manufacturers and is at top list in China with around 15,000 employees serving various countries. The revenue of the company is US $18 billion in the financial year 2017.
When it got started?
The company made its start on 6th April, 2010 having seven partners and co-founder Lei Jun raising investments from Qiming Venture Partners, Temasek Holdings, IDG Capital and Qualcomm. Its first Android based firmware came into existence in August 2010 followed by the launch of Xiaomi Mi 1 smart phone in August 2011. The popularity of brand grew faster in China and they looked forward for considering expansion outside China in 2014.
Why to choose them?
They provide you with best means to interact with technology on just a single click and make your life simpler and easier by sharing the innovation in the world of technology. They in simple language make qualitative technology accessible to everyone. Today they are creating out remarkable hardware, software and internet services for and with the help of Mi employees. The products ranges from Mi Max 2, Mi 5, Mi Note 2, Mi MIX, Redmi 4A, Mi TV, Mi Band 2, Mi Smart Home gadgets and other accessories.
Recently, they sold out 100 million handsets in 2016 and got its products launched out in Hong Kong, Singapore, Taiwan, Philippines, India, Brazil and Indonesia by further expanding its footprint across world making itself a global brand.
What’s new?
They received another milestone in their achievement by making its place successfully in the listing on the Hong Kong Stock Exchange on 9th July, 2018. Now they are up on the matter of opening 1000 offline shops in major cities around the world and have put forth the effort to sell out products through micro blogging and social networking sites. By this they are managing out their operational cost with China and India turning out to be its most important sales market with more than 2 million fans willing to download the applications.
In the end, they are building up new future of technology in the world of smartphones.
