Xiaomi(小米)

Fast facts
- Year Founded
- 2018
Source: Qichachawww.qcc.com/firm/h7d639f024445227bcadf84dd3b70a45.htm
- HQ Location
- Beijing, China
- Publicly Traded?
- Yes
Source: Xiaomi Websitewww.mi.com/about
- Overseas Operations
- Yes
In 2021, Xiaomi's overseas revenue reached RMB 163.6 billion (USD 24.5 billion), representing 49.8% of its total revenue and an increase of 33.7% year-over-year. Xiaomi has continued to expand its regional smartphone market shares in all major regions, including Europe, Latin America, the Middle East, Africa, and the Asia Pacific. As of December 2021, the brand ranked No. 1 in 14 countries and regions and among the top five in 62 countries and regions globally, including ranking No. 2 in Europe, with a 22.5% market share. Overall, Xiaomi shipped more than 25 million smartphones to the overseas market in 2021. At the same time, Xiaomi's overseas internet business reached a revenue of RMB 5.0 billion (USD 749.3 million), accounting for 21.5% of total internet services revenue in 2021. In addition, as of the same year, its global monthly average internet user base is 508.9 million people, and its number of TV paid subscribers has reached 4.9 million.Source: Xiaomi Corporation 2021 Annual Reportir.mi.com/static-files/b85f34c0-0010-4a8c-94b9-269d8cd4eca4
- US Sanctions
- No
- Military Affiliation in China
- No
Revenue
Source: Xiaomi Corporation 2021 Annual Reportir.mi.com/static-files/b85f34c0-0010-4a8c-94b9-269d8cd4eca4
Valuation
Valuation is reported as market capitalization. It was converted from HKD using the exchange rate from June 26, 2022 13:49:19.Source: Yahoo Financefinance.yahoo.com/quote/1810.HK/key-statistics
Employees
Source: Xiaomi Corporation 2021 Annual Reportir.mi.com/static-files/b85f34c0-0010-4a8c-94b9-269d8cd4eca4
This is the profile for a publicly listed company known as Xiaomi Corporation. For the profile of the operating company associated with, but distinct from this company, click here: Beijing Xiaomi.
Xiaomi Corporation is one of the world’s leading smartphone companies. As a smart manufacturing company, its main products include smartphones and wearables devices, tablets and laptops, TVs, and routers.
In terms of smartphone shipments, Xiaomi ranked No. 3 in both mainland China and global markets. In 2021, it accounted for 15.2% market share domestically and a record-high market share of 14.1% globally. Moreover, despite the decline in the global TV market, Xiaomi that year managed to grow its shipment of Smart TV to more than 12 million units.
So far, Xiaomi has invested in more than 390 companies, and in 2021, the company ventured into the smart electric vehicle business. Xiaomi is planning to invest over $10 billion in the project over the next 10 years and is already building its first electric vehicle factory in the outskirts of Beijing. It expects to begin mass production of its own electric vehicles in the first half of 2024.
In 2018, Xiaomi went public at HKD 16.60 per share and raised HKD 23.97 billion ($4.72 billion) in its initial public offering.
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 Reportcnbj1.fds.api.xiaomi.com/company/announcement/en-us/2019_AR_E.pdf
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- Name
- Ownership
-
- Smart Mobile Holdings
Source: Qichachawww.qcc.com/firm/h7d639f024445227bcadf84dd3b70a45.html
- 23.62%
- Smart Mobile Holdings
-
- Apex Star
Source: Qichachawww.qcc.com/firm/h7d639f024445227bcadf84dd3b70a45.html
- 8.62%
- Apex Star
-
- Apex Star FT
Source: Qichachawww.qcc.com/firm/h7d639f024445227bcadf84dd3b70a45.html
- 0.37%
- Apex Star FT
-
- Team Guide Limited
Source: Qichachawww.qcc.com/firm/h7d639f024445227bcadf84dd3b70a45.html
- 0.37%
- Team Guide Limited
-
- Smart Player Limited
Source: Qichachawww.qcc.com/firm/h7d639f024445227bcadf84dd3b70a45.html
- 0.24%
- Smart Player Limited
-
- Bin Lin and Daisy Liu Family Foundation
Source: Qichachawww.qcc.com/firm/h7d639f024445227bcadf84dd3b70a45.html
- 0.24%
- Bin Lin and Daisy Liu Family Foundation
-
- Lín Bīn
Source: Qichachawww.qcc.com/firm/h7d639f024445227bcadf84dd3b70a45.html
- 0.12%
- Lín Bīn
- Léi Jūn (雷军), Chairman of the Board
- Lín Bīn (林斌), Vice Chairman of the Board
- Liú Dé (刘德), Executive Director
- Liú Qín (刘芹), Non-Executive Director
- Chén Dōngshēng (陈东升), Independent Non-Executive Director
- Wáng Shùndé (王舜德), Independent Non-Executive Director
- Táng Wěizhāng (唐伟章), Independent Non-Executive Director
Source: Qichachawww.qcc.com/chkstock/h7d639f024445227bcadf84dd3b70a45.html
In 2021, Xiaomi's overseas revenue reached RMB 163.6 billion (USD 24.5 billion), representing 49.8% of its total revenue and an increase of 33.7% year-over-year. Xiaomi has continued to expand its regional smartphone market shares in all major regions, including Europe, Latin America, the Middle East, Africa, and the Asia Pacific. As of December 2021, the brand ranked No. 1 in 14 countries and regions and among the top five in 62 countries and regions globally, including ranking No. 2 in Europe, with a 22.5% market share. Overall, Xiaomi shipped more than 25 million smartphones to the overseas market in 2021. At the same time, Xiaomi's overseas internet business reached a revenue of RMB 5.0 billion (USD 749.3 million), accounting for 21.5% of total internet services revenue in 2021. In addition, as of the same year, its global monthly average internet user base is 508.9 million people, and its number of TV paid subscribers has reached 4.9 million.
Source: Xiaomi Corporation 2021 Annual Reportir.mi.com/static-files/b85f34c0-0010-4a8c-94b9-269d8cd4eca4
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 Corporation was previously blacklisted by the US Department of Defense after former US President Donald Trump designated the firm, which produced Mi drones, as having military links with the ruling Chinese Communist Party. This meant that US investors would be banned from owning shares in the company, and Xiaomi would have to be delisted from US exchanges and removed from global benchmark indices. However, Xiaomi Corporation filed a lawsuit against the ban, and in March 2021, the court sided with the company, making it one of the first Chinese tech giants to scrape its name off the United States’ blacklist.
Source: South China Morning Postwww.scmp.com/tech/tech-war/article/3133386/xiaomis-rare-victory-against-us-blacklist-could-pave-way-other