Xiaomi Now a Fortune 500 Company; Ranked No. 468 Globally

Jul. 22, 2019

In a message to all investors, employees and customers, Lei Jun, Founder, Chairman and CEO of Xiaomi, said:“It took Xiaomi only nine years to make the Fortune Global 500 list, a milestone that we owe a big thank you to all our Mi Fans and users for their unwavering support. We are also the youngest company on this year’s list, a proud record that we will keep in mind and bring to another level in the global expansion journey”.

Xiaomi also recently launched the Mi Beard Trimmer in India as part of its strategy to launch more Mi-branded electronic gadgets, accessories and lifestyle products in the country. Then there’s also theMi Truck Builderthat was launched in the country earlier this month. The Lego-like DIY toy, which Xiaomi says will help children improve their concentration, creativity and cognition, was oversubscribed 292 percent after being listed for crowdfunding at a price of Rs. 1,199.

Passionate techie. Professional tech writer. Proud geek.