Xiaomi (小米)
Fast facts
- Year Founded
- 2010
Source: Xiaomi Website www.mi.com/about
- HQ Location
- Beijing, China
- Publicly Traded?
- Yes
Source: Xiaomi Website www.mi.com/about
- Overseas Operations
- Yes
Approximately 50% of Xiaomi's sales are from overseas markets, and the company's footprint is growing, including in India, Europe, Southeast Asia and Latin America.Source: Xiaomi 2019 Annual Report cnbj1.fds.api.xiaomi.com/company/announcement/en-us/2019_AR_E.pdf
- US Sanctions
- No
- Military Affiliation in China
- No
Revenue
Source: Xiaomi 2019 Annual Report cnbj1.fds.api.xiaomi.com/company/announcement/en-us/2019_AR_E.pdf
Valuation
Valuation is reported as enterprise value in HKD. Converted to dollars using the exchange rate from November 11, 2021.Source: Yahoo Finance finance.yahoo.com/quote/1810.HK/key-statistics
Employees
Source: Xiaomi 2020 Interim Report i01.appmifile.com/webfile/globalweb/company/ir/announcement_us/20200929_IR_e.pdf
Xiaomi Corporation 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 an internet company that generates revenue mainly from four business segments: smartphones, Internet of Things (IoT) and lifestyle products, internet services.
As China’s largest smartphone brand after Huawei Technologies, Xiaomi is currently ranked the world’s No. 4 smartphone maker, competing with international brands such as Apple and Samsung. Xiaomi’s overseas sale has increased in 2020, and has taken over Huawei’s market shares in Europe.
Source: Xiaomi Website www.mi.com/global/about/Source: Canalys www.canalys.com/newsroom/canalys-worldwide-smartphone-market-q3-2020
Roughly 38% of the company is owned by insiders: CEO Jun Lei and President Bin Lin. Overall, the top five shareholders own just over 50% of the company.
Source: Xiaomi 2019 Annual Report cnbj1.fds.api.xiaomi.com/company/announcement/en-us/2019_AR_E.pdf
-
- Name
-
- Lei Jun
Source: Xiaomi 2019 Annual Report cnbj1.fds.api.xiaomi.com/company/announcement/en-us/2019_AR_E.pdf
- Lei Jun
-
- Lin Bin
Source: Xiaomi 2019 Annual Report cnbj1.fds.api.xiaomi.com/company/announcement/en-us/2019_AR_E.pdf
- Lin Bin
-
- Liu Qin
Source: Xiaomi 2019 Annual Report cnbj1.fds.api.xiaomi.com/company/announcement/en-us/2019_AR_E.pdf
- Liu Qin
- Lei Jun, President, Chairman
- Lin Bin, Executive Director, Vice Chairman of the Board Chew Shou Zi, Executive Director
- Liu Qin, Non-executive Director
- Independent Non-Executive Director: Chen Dongsheng, Tong Wai Cheung Timothy, Wong Shun Tak
Source: Xiaomi 2019 Annual Report cnbj1.fds.api.xiaomi.com/company/announcement/en-us/2019_AR_E.pdf
Approximately 50% of Xiaomi's sales are from overseas markets, and the company's footprint is growing, including in India, Europe, Southeast Asia and Latin America.
Source: Xiaomi 2019 Annual Report cnbj1.fds.api.xiaomi.com/company/announcement/en-us/2019_AR_E.pdf
Xiaomi Sanctions
While at this time it appears that this company is not the subject of any U.S. or other global sanctions, it is important to note that Chinese companies tend to have more opaque organizational structures than their Western peers. Chinese companies' affiliated brands, operating units, and overseas subsidiaries are not always obvious or even identifiable. Given this, a Chinese company may not be the subject of sanctions, but one of its subsidiaries may be, thus making it difficult to accurately ascertain a company's full sanctions status.
Xiaomi Reputational Disclosures
Xiaomi was sued multiple times since its founding on patent infringement for its smartphone designs by companies from China, the U.S., and other countries. This includes a 2018 case where Xiaomi was sued for violating another Chinese company’s multi-sim card design, and a 2020 case where the Dutch company Philips sued Xiaomi for the same offense.
The latest news on Xiaomi from SupChina
What did Apple get out of its secret, $275 billion China deal in 2016?
In the spring of 2016, Apple CEO Tim Cook successfully lobbied Chinese officials to make a massive five-year deal, committing the company to invest billions in the Chinese economy. The Information, which revealed the existence of the deal, says that it helped Apple secure multiple regulatory exemptions and become the top-selling smartphone brand in China.
Chinese mobile phone leader Xiaomi removed from Pentagon blacklist
The U.S. government has accepted a court ruling that removes Xiaomi — a company founded by a famous serial entrepreneur with no military ties — from a blacklist of companies with alleged links to the Chinese military.
All the electric car companies in China — a guide to the 46 top players in the Chinese EV industry
Updated December 1: Electric vehicles, smart systems to drive them, and advanced batteries to power them are attracting enormous sums of capital and China’s best engineering talent. These are the companies that are fighting for one of the most lucrative markets in the world. Many of them will be global EV players.
China’s upstart phone giant Xiaomi enters electric car business — but will the Mi-mobile go?
Xiaomi is a much-loved mobile phone company, but it has never made a vehicle. Yet there’s reason to believe its $10 billion electric car plan might work.
Xiaomi launches electric car division, and a new logo that looks exactly like its old logo
China’s trendiest mobile phone company is on the move, with plans to invest $1.5 billion in electric vehicles, and a logo redesign that reportedly cost $300,000. Chinese internet users think the latter was a lousy investment.
Webull: The Chinese-owned app that could rival Robinhood
Trading stocks using mobile apps is big business, and is only growing bigger after the GameStop affair pitted hedge funds against Reddit users. One of the leading players in the U.S. is owned by a Chinese company.
U.S. sanctions on CNOOC and Xiaomi, and other moves
The United States Defense and Commerce departments both released blacklists of Chinese entities today as the Trump administration uses its last week in power to implement tough China policies.
Xiaomi executive resigns over speech describing customers as ‘losers’
Wang Mei was forced to step down from her senior role at mobile phone and gadget company Xiaomi after describing customers with a Chinese slang word referring to unattractive young men. But was she punished more harshly because she was a woman?
India has banned over 200 Chinese apps since June border clash
As the India-China border conflict remained unresolved, New Delhi continued to pressure Beijing by ordering a fourth wave of Chinese app bans.
IPOs and PPE: How China’s rich got a whole lot richer in 2020
2020 saw an extraordinary amount of wealth generated in China with stock market listings, rising share prices, and pandemic-related market opportunities creating scores of new millionaires and billionaires.
The latest news on Xiaomi from across the web
Goldman Backs China Bulls With Its 50 ‘Common Prosperity’ Stocks
Corporate gain from “common prosperity”: Goldman Sachs has spotlighted 50 China stocks that stand to benefit from Xi’s campaign against inequality and push for a new development model. The picks of companies such as smartphone maker Xiaomi, LONGi Green Energy, and sportswear producer Li Ning reflect “themes such as manufacturing upgrading, green energy, state-owned enterprise reforms and mass consumption,” Bloomberg reports.
Xiaomi Among Goldman’s Winning Picks From Xi’s Common Prosperity
Goldman Sachs Group Inc. has spotlighted 50 China stocks that could benefit from President Xi Jinping’s “common prosperity” efforts.
Xiaomi chooses Ghana to launch first office in West Africa - MyJoyOnline.com
Xiaomi opened its regional HQ in West Africa. The Chinese mobile phone giant has a new Ghana office in Accra, its first corporate presence in West Africa.
Xiaomi censorship issue may spoil firm’s smartphone ambitions
Germany has started investigating Xiaomi’s smartphones, following Lithuania’s findings about the censorship capabilities of the firm’s devices.
Tech moguls pledge support for Xi’s prosperity drive at Internet Conference
The CEOs of Alibaba and Xiaomi showed up at the World Internet Conference to pledge support for Xi Jinping’s ‘common prosperity’ drive by helping small and medium-sized businesses.
Closing In on Samsung, Xiaomi Dethrones Apple to Become World’s No. 2 Smartphone Seller
Closing In on Samsung, Xiaomi Dethrones Apple to Become World’s No. 2 Smartphone Seller -
Founder Lei Jun says Xiaomi wants to be the world’s top smartphone maker
The ambitious target was announced just ahead of the company’s launch of its flagship Mi Mix4 smartphone.
U.S. Judge Issues Final Order Removing Xiaomi From China Military Banned List
Verdict coincides with the Biden administration’s decision last week to postpone the start date of a ban on new U.S. investments in companies allegedly linked to the Chinese military
Judge Promises Ruling This Week on Xiaomi Challenge to Trump-Era Ban
Smartphone-maker’s lawyer argues the U.S. Defense Department used flawed reasoning in determining his client had ties to the Chinese military
Xiaomi Rebuffs Rumors It Wants to Make Smart Cars
Xiaomi said it had not mounted any ‘formal project’
Apple, Xiaomi Take Bite Out of Huawei’s Withering Smartphone Share
Huawei sales tumbled 42.4% in the fourth quarter under weight of U.S. sanctions, as Apple surged 22% to retake the global crown
Xiaomi Rushes Out New Smartphone to Grab Hobbled Huawei’s Market Share
High-end Mi 11 flagship model available in January, two months ahead of schedule
Xiaomi Ramps Up R&D Hiring to Push Tech-Driven Expansion
World’s No. 3 smartphone-maker aims to recruit 5,000 developers as it looks muscle in on sanctions-hit rival Huawei
Xiaomi Shares Jump on Strong Earnings Despite China-India Tensions
During the three months through June, smartphone-maker more than doubled its net profit to $716 million
Xiaomi Co-Founder Lei Jun Donates $2.2 Billion of Shares to Charity
Xiaomi Corp. co-founder Lei Jun donated $2.2 billion of shares in the smartphone maker to charity, joining other technology company chieftains in giving to philanthropy amid increased scrutiny on the industry.
Xiaomi Remains World’s Biggest Vendor of Smart Wearable Bands in Third Quarter
Xiaomi Remains World’s Biggest Vendor of Smart Wearable Bands in Third Quarter
刘晓明Liu Xiaoming on Twitter
Embassy Spokesperson Statement: We read with heavy heart the reports about the death of 39 people in Essex, England. We are in close contact with the British police to seek clarification and confirmation of the relevant reports.— 刘晓明Liu Xiaoming (@AmbLiuXiaoMing) October 24, 2019
In Depth: A Year After It Went Public, Investors Aren’t Buying the Xiaomi Story
Former smartphone highflyer struggles with sagging sales and image as hardware-maker
For Xiaomi, Simultaneous Listings May Have Been Too Much
Smartphone-maker would have faced challenges floating shares, CDRs at the same time, exchange chief says
New Chinese chip firms have tripled in 2021 amid self-sufficiency push
The number of new company registrations in the semiconductor industry from January to May tripled in China, bolstered by generous subsidies, as Washington counters with its own policies.
Chinese lidar maker Hesai lands $300M led by Hillhouse, Xiaomi, Meituan
The rush to back lidar companies continues as more automakers and robotaxi startups include the remote sensing method in their vehicles. Latest to the investment boom is Hesai, a Shanghai-based lidar maker founded in 2014 with an office in Palo Alto. The company just raised over $300 million in a Series D funding round led […]
China’s Xiaomi Shrugs Off Covid-19 and Trump
Smartphone maker Xiaomi had a phenomenal year because, unlike its domestic rival Huawei, it wasn’t hamstrung by U.S. sanctions.
Xiaomi revenue surges 55% in Q1, fills market gap left by Huawei
SHANGHAI: Chinese smartphone maker Xiaomi Corp reported first-quarter revenue growth of 55per cent on Wednesday (May 26), above analyst ...
Shein overtakes Amazon as the most installed shopping app in US – TechCrunch
Shein‘s quiet rise has reached a crescendo as the fast fashion e-commerce app takes the crown from Amazon as the most downloaded shopping app on iOS and Android in the United States, according to data from app tracking firms App Annie and SensorTower. Its ascent is quiet because the startup, despite reportedly exceeding a $15 […]
China says Xiaomi removal from U.S. blacklist "beneficial"
HONG KONG (AP) — China’s commerce ministry on Thursday welcomed the removal of Xiaomi Corp. from a U.S. government blacklist, a day after the U.S. reversed a ban on U.S. investments in the smartphone maker that was imposed under former President Donald Trump...
India’s Covid-19 crisis spells bad news for Chinese smartphone makers
India’s Covid-19 resurgence is impacting Chinese smartphone makers that have bet big on the country, and it could lead to manufacturing shutdowns.
China orders fintech companies to stick to the rules as clampdown widens
The country's platform economy has grown rapidly and covers whole range of e-commerce activities ranging from banking to shopping and food delivery.
Huawei rival Xiaomi ramps up chip ambitions amid US pressure
Smartphone maker's investments reflect China's push to reduce foreign dependence
China smartphone maker Xiaomi to invest $10 billion in new EV unit over 10 years
Chinese smartphone maker Xiaomi Corp has formally entered the automotive industry with a new smart electric vehicle (EV) business, the company announced on Tuesday in a filing.
Exclusive: Chinese smartphone maker Xiaomi to make EVs using Great Wall's plant - sources
China's Xiaomi Corp plans to make electric vehicles (EVs) using Great Wall Motor Co Ltd's factory, said three people with direct knowledge of the matter, making it the latest tech firm to join the smart mobility race.
TikTok Owner ByteDance Hires Away Executive From Xiaomi to Be CFO
Shou Zi Chew, who ran Xiaomi’s finances until 2020, will join ByteDance in Singapore.
Move Over Huawei, Xiaomi Is China’s New Smartphone King
The swift decline in Huawei’s smartphone business has left an opening for Chinese gadget maker Xiaomi, which became the world’s No. 3 smartphone maker toward the end of last year.
Xiaomi Wins Court Ruling Blocking U.S. Restrictions on It
A federal judge in Washington blocked the Defense Department from restricting U.S. investment in the Chinese smartphone manufacturer Xiaomi Corp.
China Lays Plans to Tame Tech Giant Alibaba
The e-commerce company is likely to face softer treatment than its Ant affiliate, provided it distances itself from founder Jack Ma and aligns itself more closely with the Communist Party.
Chinese Technology Stocks Have Fallen Harder Than U.S. Peers
An index of the largest technology stocks listed in Hong Kong has dropped 26% in less than three weeks.
U.S. Blacklisted China’s Xiaomi Because of Award Given to Its Founder
The Defense Department labeled smartphone maker Xiaomi as a company that supports China’s military partly due to an award given to its founder for his service to the state, along with Xiaomi’s ambitious investment plans in advanced technologies such as 5G and artificial intelligence.
China's Xiaomi adds manufacturing muscle in India to boost phone production
China's Xiaomi Corp is enlisting more contract manufacturers to make its phones in India, adding heft in a country where it is already one of the biggest smartphone brands.
Xiaomi reportedly plotting electric car play · TechNode
The cell phone maker known as 'the Apple of China' has backed EV companies Nio and Xpeng. Its entry is expected to shake up China's car market.
China's Xiaomi files legal complaint against U.S. Defense, Treasury ban
Xiaomi Corp filed a complaint in a Washington district court on Friday against the U.S. Defense and Treasury Departments, seeking to remove the Chinese smartphone maker from an official list of companies with ties to China's military.
Trump designates Xiaomi as 'Communist Chinese military' company
After Huawei, ZTE, TikTok and WeChat, the Trump administration targets Xiaomi, one of the biggest phone makers in the world.
Xiaomi shares fall 10% as U.S. adds smartphone-maker to 'blacklist'
Xiaomi is now subject to a November executive order forcing U.S. investors to to divest holdings of any companies on the blacklist, by Nov. 11 this year.
China approves country's second personal credit agency, JD.com, Xiaomi take stakes
BEIJING: China's central bank on Friday granted approval for the set up of a personal credit agency to be jointly held by an investment arm of ...
Xiaomi shares slide 7.1% after finalising $3.9 billion in equity deal
Chinese smartphone maker Xiaomi Corp's shares fell 7.1% in Hong Kong trading on Wednesday as the company finalised a $3.91 billion capital raising that included the city's largest top up placement.
China's Xiaomi surpasses Apple as world's No. 3 smartphone maker
Asia leads rankings as US giant falls out of top trio for first time in 10 years
Huawei founder Ren Zhengfei’s wealth shrinks amid US sanctions
Huawei founder Ren Zhengfei is now worth 10 per cent less than last year, while opportunities in 5G have boosted the fortunes of other smartphone billionaires such as the founders of Xiaomi, Vivo and Oppo, according to the Hurun China Rich List.
China’s EV startup Xpeng pulls in $500 million Series C+
Xpeng, an electric vehicle startup run by former Alibaba executive He Xiaopeng, said Monday it has raised around $500 million in a Series C+ round to further develop models tailored to China’s tech-savvy middle-class consumers. The announcement followed its Series C round of $400 million closed last November. A source told TechCrunch that the company’s […]
In the wake of anti-China sentiments, Xiaomi puts ‘Made in India’ banners to cover branding at stores
Other companies are keeping a watch on the situation.
Xiaomi readies $4.3 billion in share buybacks · TechNode
Xiaomi will roll out a more aggressive share buyback initiative following an earlier plan to repurchase up to HK$12 billion worth of stock.
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BYD Co., the Chinese auto giant backed by Warren Buffett, is rushing to make China self-sufficient in the production of electric vehicles. On Monday, the firm said in a filing it has secured 800 million yuan ($113 million) in a Series A+ round for its chipmaking arm, BYD Semiconductor. At stake is the race to make […]
As Chinese listings 'migrate' from U.S. to Hong Kong, it could attract more than $500 billion to the city
Currently, companies listed in the U.S. can have a secondary listing on the Hong Kong Stock Exchange. But, before the latest rule change, they could not be included in the benchmark HSI.
Chinese Apple rival Xiaomi gets first-quarter sales boost as smartphone demand rebounds
The company managed to boost sales despite the impact of the coronavirus, which rattled supply chains and dampened overall smartphone demand.
Hong Kong Opens Door for Alibaba in Index Overhaul
Alibaba Group Holding and other Chinese technology companies appear set to join Hong Kong’s main stock benchmark, after the compilers of the city’s flagship Hang Seng index revamped their inclusion rules.
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Huawei's chip unit reportedly overtakes Qualcomm as China's top semiconductor player for the first time
Since being put on the U.S. blacklist, Huawei has focused more on China and increased its smartphone market share at the expense of rivals like Xiaomi and Oppo. That has hurt Qualcomm.
Senior Xiaomi exec jokes that new phone’s camera is great for creeping on girls
Also, great for looking up basketball shorts
China's Xiaomi seeks up to $1bn with first international bond
Smartphone maker takes advantage of revived market to raise expansion funds
iPhone to your door: Chinese firms test super-fast phone delivery as coronavirus caution remains
Even though infection numbers have declined sharply from the peak in China, analysts warned that consumers are still cautious about going outside and so quick deliveries could be a way to reach them.
I bought Xiaomi's $261 electric bike from China (and brought it back to the US)
Even though electric bicycle prices in the West are dropping, with many decent e-bikes found in the sub-$1,000 range, China is still king of the inexpensive e-bikes. So I wanted to see how one of these ultra-affordable e-bikes stood up to the types of e-bikes in the US and Europe. My goal: Find one of […]
Xiaomi wants to be exempted from an e-commerce ban in India
Chinese handset makers including Xiaomi and Realme are asking the Indian government to list smartphones as an essential commodity so that they can be sold
China will ship more smart speakers in 2020 despite coronavirus disruption
Alibaba, Baidu and Xiaomi lead China’s rapidly growing smart speaker market
China's Xiaomi launches online lending service in India
Chinese smartphone maker Xiaomi Corp launched its online lending service in India on Tuesday, widening its offering of financial products in one of the world's biggest web services markets.
Xpeng brings in Xiaomi as strategic investor in $400 million Series C · TechNode
Xpeng’s hefty haul comes against a macro-industrial backdrop of falling sales after subsidies for electric vehicles were cut.
Apple should sue Xiaomi for its blatant copying — but it won’t
Xiaomi has a history of shamelessly ripping off bigger brands, and nine times out of …
Will more retail stores help Xiaomi compete with Huawei in China?
Amid the China-US tech war, Chinese smartphone makers are shifting their focus back to their home market
TikTok parent Bytedance is reportedly working on its own smartphone – TechCrunch
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Tencent’s latest investment is an app that teaches grannies in China to dance – TechCrunch
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China smartphone maker Xiaomi beats profit view, sees more global expansion
Chinese smartphone maker Xiaomi Corp said on Tuesday its fourth-quarter net profit more than tripled to 1.85 billion yuan ($275.59 million), on stronger revenue.
Xiaomi rival Transsion to list on Shanghai tech board · TechNode
The news comes as the Shanghai Stock Exchange began accepting IPO applications for its new tech board.
Briefing: Xiaomi-backed trading firm Tiger Brokers to raise $91 million in US IPO · TechNode
The online stock brokerage aims to expand its global market share beyond that of its rival, Tencent-backed Futu Securities, which went public on Friday.
Gunboat diplomacy can only harm Britain’s relationship with China | Liu Xiaoming
Our cooperation is like a symphony. It relies on mutual respect and trust to keep out the noises of enmity, writes Liu Xiaoming, China’s ambassador to the UK
Xiaomi to triple European store count as Chinese smartphone makers double down on Europe
China's Xiaomi, the world's fifth-largest smartphone seller, told CNBC it plans to triple its store count in Western Europe by the end of 2019.
In major TV push, China’s Xiaomi buys 0.5% stake in TCL – TechCrunch
A veteran TV maker just got a notable refresh as it enters the age of connected devices. Xiaomi, the Beijing-based firm best known for budget smartphones, has bought 65.2 million shares, or 0.48 percent, of Chinese home appliance maker TCL, said TCL in a statement to the Shenzhen Stock Exchange on Sunday. Shares of TCL, the world’s third-largest […]
After IPO, Meituan is now worth more than JD.com and Xiaomi · TechNode
The IPO is Hong Kong’s second-biggest tech float of the year.
China executives from leading data provider detained by authorities
China IPO data provider iResearch confirms executives ‘are assisting authorities’ with enquiries
Big IPOs can't save Hong Kong from trade war's 'very long shadow'
Hong Kong's stock market is welcoming a pair of new high-profile listings, but new blood this year has failed to boost investor sentiment dented by trade tensions between the United States and China.
China Traders Barred From Buying Xiaomi Through Stock Link
China’s stock exchanges said they won’t allow mainland investors to buy shares with weighted-voting rights in Hong Kong, sending Xiaomi Corp. shares slumping.
Lei Jun is a billion dollars richer after Xiaomi’s mega IPO · TechNode
Xiaomi's mega IPO has catapulted Lei Jun to the top of the rich list. According to Forbes, Lei's net worth is currently at $19.4 billion.
China’s Xiaomi makes underwhelming public debut in Hong Kong IPO – TechCrunch
China’s Xiaomi, the world’s fifth biggest seller of smartphones, made an underwhelming public debut after it hit the Hong Kong Stock Exchange amid concerns around an ongoing trade war between the U.S. and China. Media reports in the lead up to today’s bell ringing suggested that eight-year-old Xiaomi was shooting for a valuation of as […]
Xiaomi has a lot to prove to US investors who are skeptical of Chinese tech
Xiaomi was pitching its IPO to U.S. investors last week, and many had little understanding of the company's broad product suite.
