Xiaomi first appeared in the Fortune Global 500 list at 468th place in 2019, just 9 years after its founding. The rapid growth has helped the company improve its rankings every year – ranking 422 in 2020 and rising to 338 in 2021.
Xiaomi continues to rise in the Fortune Global 500 list
According to the magazine Fortune, from 2019 to now, Xiaomi has increased more than 200 positions in 4 years. This makes Xiaomi the fastest-growing Chinese technology company.
Xiaomi’s adjusted revenue and net profit hit new highs in 2021. Thanks to its “Smartphone × AIoT” strategy, Xiaomi’s global smartphone shipments hit a record in 2021. Products Its AIoT is also expanding rapidly, creating a rich product ecosystem around smartphones.
According to market research firm Canalys, Xiaomi ranks 3rd in the global smartphone industry with a market share of 14.1% in 2021. Its smartphone sales topped 14 markets and ranked in the top 5 in 62 markets. . As of December 31, 2021, more than 434 million smart devices have been connected to the platform (excluding smartphones, tablets and laptops), an increase of 33.6% over the same period in 2020.
In 2021, the market share in Xiaomi’s high-end smartphone shipments has increased to about 13% of its total smartphone shipments, almost doubling from the previous year.
As of March 31, 2022, Xiaomi has been granted more than 26,000 patents, and the company’s global patent applications have exceeded 53,000.