Xiaomi

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Coordinates: 39.9255°N 116.4416°E

Xiaomi Corporation

A Xiaomi store in Hangzhou, Zhejiang, China

Native name 小米集团

Type Public

Traded as SEHK: 1810

ISIN KYG9830T1067

 Consumer electronics
Industry
 Computer hardware

Founded 6 April 2010; 9 years ago

Founder Lei Jun

 Headquarters Beijing

China

Area served Worldwide

Key people  Lei Jun (Co-founder & CEO)

 Lin Bin (林斌) (Co-founder & President)

Products  Mobile phones

 Smartphones
 Tablet computers
 Smart home devices
 Laptops
 Smart TVs
IOT DEVICES

Brands  Pocophone (Poco in India)

 Redmi
 MI[disambiguation needed]
 Black Shark

Revenue CN¥174.915 billion

(~$24.5 billion) (2018)[1]

Net income CN¥13.478 billion (2018)[1]

Total assets CN¥145.228 billion (2018)[1]

Number of employees 16,683 (Dec 31 2018)[1]

Subsidiaries  Youpin
 Meitu
 Sunmi

Chinese name

Chinese 小米
 Literal meaning "millet"

showTranscriptions

Website mi.com

Xiaomi Corporation (/ˈʃaʊmiː/;[2] Chinese: 小米 [ɕjǎu.mi]̀ ( listen)) is a Chinese electronics company

founded by Lei Jun in 2010 and headquartered in Beijing. Xiaomi makes and invests
in smartphones, mobile apps, laptops, bags, trimmers, earphones, MI Television, shoes, fitness
bands, and many other products.[3] Ranked 468th, Xiaomi is the youngest company on Fortune
Global 500 List for 2019.[4]
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.[5] At the start of second quarter of 2018,
Xiaomi was the world's fourth-largest smartphone manufacturer,[6][7][8] leading in both the largest
market, China, and the second-largest market, India.[9] Xiaomi later developed a wider range
of consumer electronics, including a smart home (IoT) device ecosystem.[10][11][12][13]
Xiaomi has 15,000 employees[14] in China, India, Malaysia,[15] Singapore and is expanding to other
countries including Indonesia, the Philippines, and South Africa.[16][17] According
to Forbes magazine, Lei Jun, the founder and CEO, has an estimated net worth of US$12.5
billion.[18] 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.[19]

Contents

 1History
o 1.12010
o 1.22011
o 1.32012
o 1.42013
o 1.52014
o 1.62015
o 1.72016
o 1.82017
o 1.92018
o 1.102019
 2Etymology
 3Business model
 4Products
 5Controversies
o 5.1GPL violation
o 5.2Comparisons with Apple Inc.
o 5.3State administration of radio, film, and television issue
o 5.4Hugo Barra
o 5.5Privacy concerns
o 5.6Sales numbers
o 5.7Temporary ban in India
 o 5.8OTA remote code execution
 6See also
 7References
 8External links

History[edit]
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The specific problem is: undue excess details merged in from history
article needs trimming. Please help improve this section if you
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2010[edit]
On 6 April 2010 Xiaomi was co-founded by Lei Jun and six others:

 Lin Bin, vice president of the Google China Institute of Engineering

 Dr. Zhou Guangping, senior director of the Motorola Beijing R&D center
 Liu De, department head of industrial design at the Beijing Institute of Technology
 Li Wanqiang, general manager of Kingsoft Dictionary
 Wong Kong-Kat, principal development manager
 Hong Feng, senior product manager for Google China
In the first round of funding, institutional investors included Temasek Holdings, IDG Capital, Qiming
Venture Partners[20] and Qualcomm.[21]
On 16 August 2010, Xiaomi officially launched its first Android-based firmware MIUI.[22] It
resembles Samsung's TouchWiz and Apple's iOS.