Global Gadgets and Gears

Xiaomi ranked on the 2022 Fortune Global 500 list announced today!

Beijing, CHINA, August 3, 2022 – Xiaomi Group ranked No. 266 on the 2022 Fortune Global 500 list announced today. The global technology company, which is the world’s third largest smartphone manufacturer, moved up the list for the fourth year in a row.

 

Xiaomi first appeared on the Fortune Global 500 list as No. 468 in 2019, just nine years after its founding. The fast-growing company has improved its ranking every year since – to 422 in 2020 and to 338 last year.

According to Fortune Magazine, Xiaomi, which first entered the Fortune Global 500 List in 2019, has advanced more than 200 positions in four years, making it the fastest rising Chinese technology company.

Xiaomi’s revenue and adjusted net profit hit new highs in 2021. Total revenue of Xiaomi Group in 2021 reached RMB 328.3 billion, a year-on-year increase of 33.5%. Its adjusted net profit reached RMB 22 billion last year, a year-on-year increase of 69.5%. Xiaomi Group’s overseas-market revenue in 2021 increased by 313.7% year-on-year, accounting for 49.8% of its total revenue. In the first quarter of 2022, this proportion increased to 51.1%.

Thanks to its “Smartphone × AIoT” strategy, Xiaomi’s global smartphone shipments hit a record high in 2021. Its AIoT products also expanded rapidly, building a rich product ecosystem around smartphones. According to Canalys, Xiaomi ranked third in the global smartphone industry with a market share of 14.1% in 2021. Its smartphone sales ranked first in 14 markets and was in the top five in 62 markets. As of December 31, 2021, more than 434 million smart devices were connected to its platform (excluding smartphones, tablets and laptops), a year-on-year increase of 33.6%. The number of its global MIUI monthly active users reached 509 million, a year-on-year increase of 28.4%.

In 2021, the share of Xiaomi’s high-end smartphone shipments increased to about 13% of its total smartphone shipments, nearly doubling from the previous year. Meanwhile, Xiaomi has continued to increase its investment in research. In 2021, Xiaomi’s R&D expenditure was RMB 13.2 billion, a year-on-year increase of 42.3%. In the next five years, Xiaomi’s investment in research is expected to exceed RMB 100 billion. As of March 31, 2022, Xiaomi has been granted more than 26,000 patents; its global patent applications exceeded 53,000.

Going forward, Xiaomi is committed to building amazing products with honest prices so that everyone can enjoy a better life through innovative technology.

 

 

 

 

 

 

 

 

 

 

 

 

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About Xiaomi Corporation
Xiaomi Corporation (“Xiaomi”) was founded in April 2010 and listed on the Main Board of the Hong Kong Stock Exchange on July 9, 2018 (1810.HK). Xiaomi is a consumer electronics and smart manufacturing company with smartphones and smart hardware connected by an IoT platform at its core.
Embracing our vision of “Make friends with users and be the coolest company in the users’ hearts”, Xiaomi continuously pursues technological innovations, compelling user experience and operational efficiency. The company relentlessly builds amazing products with honest prices to let everyone in the world enjoy a better life through innovative technology.
Xiaomi is one of the world’s leading smartphone companies. The company’s market share in terms of smartphone shipments ranked no. 3 globally in the first quarter of 2022. The company has also established the world’s leading consumer AIoT (AI+IoT) platform, more than 478 million smart devices connected to its platform (excluding smartphones, tablets and laptops) as of March 31, 2022. Xiaomi products are available in more than 100 countries and regions around the world. In August 2022, the company made the Fortune Global 500 list for the fourth time, ranking 266, up 72 places compared to 2021.
Xiaomi is a constituent of the Hang Seng Index, Hang Seng China Enterprises Index, Hang Seng TECH Index and Hang Seng China 50 Index.
For more information about Xiaomi as a company, please visit https://www.mi.com/global/discover/newsroom
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