Xiaomi is one of the 500 largest companies in the world - TechNext


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jeudi 25 juillet 2019

Xiaomi is one of the 500 largest companies in the world

Xiaomi is for the first time entering the rankings of the 500 largest companies in the world. Chinese society occupies precisely 468th place and incidentally bears the title of the youngest company in the top 500 this year.

As every year, Fortune magazine has released its Global 500 ranking which is based on the turnover of the largest companies in the world. Xiaomi made her appearance in the standings for the first time. The manufacturer has experienced a meteoric growth for several years. 9 years is the number of years it took to make his entry into this top.

Xiaomi is now among the 500 largest companies in the world

Nothing really surprising when you know that Xiaomi is already among the top 5 best sellers of smartphones. It is indeed the 4th largest manufacturer in sales volume behind Samsung, Huawei and Apple. It is now a giant with nearly 17,000 employees around the globe. In 2018, the company achieved a turnover of 26.4 billion dollars for a profit of 2 billion dollars.

It must be said that Xiaomi has multiplied its turnover by 18 in just six years. The firm has grown from $ 1.4 billion in 2012 to 26.4 billion in 2018. In a year, turnover almost doubled since it was 14.5 billion in 2017.

"It took Xiaomi just nine years to be on the Fortune Global 500 list, a milestone that we were able to achieve thanks to the loyalty of our fans and users. We are also the youngest company on the list this year, "said Lei Jun, the founder and CEO of Xiaomi. The company does not intend to stop there and will continue to invest in technological research and development of its product lines.

Efforts that, according to the CEO, have allowed Xiaomi to shine in a competitive environment, both in China and internationally. Finally, note that Apple ranks 11th, Samsung the 15th and Huawei 61st place.

Source : Fortune

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