Xiaomi Corporation is a Chinese multinational corporation and technology company headquartered in Beijing, China. It is best known for its consumer electronics, software, and electric vehicles. It is the second-largest manufacturer of smartphones in the world, behind Samsung, most of which run on the Xiaomi HyperOS operating system. The company is ranked 338th and is the youngest company on the Fortune Global 500. It has been called the "Apple of China".
Xiaomi was founded in 2010 in Beijing by Lei Jun along with six associates. Lei had founded Kingsoft as well as Joyo.com, the latter of which he sold to Amazon for $75 million in 2004. In August 2011, Xiaomi released its first smartphone and, by 2014, it had the largest market share of smartphones sold in China. Initially the company only sold its products online; however, it later opened brick and mortar stores. By 2015, it was developing a wide range of consumer electronics. In 2020, the company sold 149.4 million smartphones and its MIUI (now Xiaomi HyperOS mobile operating system has over 500 million monthly active users. As of August 2024, Xiaomi is the second-largest seller of smartphones worldwide, with a market share of about 12%, according to Counterpoint. It has come up with its own range of wearable items. It also is a major manufacturer of appliances including televisions, flashlights, unmanned aerial vehicles, and air purifiers using its Internet of things and Xiaomi Smart Home product ecosystems.
Xiaomi keeps its prices close to its manufacturing and bill of materials costs by keeping most of its products in the market for 18 months, longer than most smartphone companies. The company also uses inventory optimization and flash sales to keep its inventory low.
Xiaomi Board of Directors (as of 2024)
| Name | Position | Background |
|---|---|---|
| Lei Jun | Founder, Chairman, and CEO | Tech entrepreneur, co-founder of Kingsoft, angel investor, and key figure in Xiaomi’s growth. |
| Lin Bin | Vice Chairman | Co-founder of Xiaomi, former VP of Google China, deeply involved in hardware R&D and partnerships. |
| Shou Zi Chew | Independent Non-Executive Director | Known for his financial acumen; previously CFO at ByteDance and executive at Xiaomi. |
| Lu Weibing | Partner and President, Xiaomi Group | Oversees the Redmi brand and key domestic and international markets. |
| Chen Zhou | Independent Non-Executive Director | Former World Bank economist; offers regulatory and macroeconomic insights. |
| Yang Zongqiang | Independent Non-Executive Director | Legal and compliance expert, focusing on corporate law and governance. |
| Catherine Leung Ka Kin | Independent Non-Executive Director | Co-founder of MizMaa Ventures, former VP at JPMorgan; brings investment and strategic insight. |
About Xiaomi Corporation
| Attribute | Details |
|---|---|
| Founded | April 2010 |
| Headquarters | Beijing, China |
| Listed On | Hong Kong Stock Exchange (HKEX: 1810) |
| Core Business Areas | Smartphones, AIoT (AI + IoT), consumer electronics, software, and services |
Xiaomi Headquarters
| Location | Address | Sources |
|---|---|---|
| Beijing, China (Headquarters) | #018, 8th Floor, Building 6, 33 Xi'erqi Middle Road, Haidian District, Beijing, China 100085 |
privacy.mi.com Clay |
🌍 Xiaomi's Global Offices
| Region | Office Location | Address | Sources |
|---|---|---|---|
| Asia - India | Bengaluru Office | Building Orchid, Block E, Embassy Tech Village, Marathahalli Outer Ring Road, Devarabisanahalli, Bengaluru 560103 | Kompass, Clay |
| Asia - India | Jhajjar Facility | B200 VPO Luhari, Indospace Logistics Park, Pataudi-Kulana Road, MDR-132, Jhajjar, Haryana 124108 | Dun & Bradstreet |
| Asia - India | Jammu Office | 271/38 Opp CRPF HQ, Behind Amar Flour Mill, Gangyal Industrial Area, Jammu 180010 | Dun & Bradstreet |
| Asia - Singapore | Singapore Office | 1 Fusionopolis Link, #04-02/03, Nexus@one-north, Singapore 138542 | privacy.mi.com |
| Asia - Malaysia | Kuala Lumpur Office | Unit 30-01, Level 30, Tower A, Vertical Business Suite, Kuala Lumpur 59200 | Dun & Bradstreet |
| Asia - Bangladesh | Dhaka Office | Concord Silvy, Plot # CWS(A), 11A Gulshan Avenue, Dhaka 1212 | BizSouthAsia |
| Asia - Pakistan | Lahore Manufacturing | Lahore (with Select Technologies Pvt Ltd) | Wikipedia |
| Europe - Netherlands | Amsterdam Office | Room 04-106, Wework Strawinskylaan 4117, 4th Floor, Atrium North Tower, Amsterdam 1017XD | privacy.mi.com |
| Europe - Netherlands | The Hague Office | Prinses Beatrixlaan 582, The Hague | Clay |
| China - Nanjing | East China Headquarters | Jianye District, Nanjing City, Jiangsu Province | Tiger and Tech |
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