Xiaomi breaks into the Fortune Global 500
Xiaomi breaks into the Fortune Global 500

Xiaomi breaks into the Fortune Global 500

Xiaomi‘s been in the reports non-stop individuals past some days. Be it announcing new products or releasing questionable updates, they just can’t seem to stop being around. Presently however, they’ve received everything quite big to reveal everyone, and it’s quite the incredibile story. Xiaomi, for the fairly initial time, has managed to break in the Fortune Global 500 list at number 468.

Xiaomi breaks into the Fortune Global 500

For those not in the have idea, this is kind of a pretty huge deal. The Fortune Global 500, Additionally known like Global 500, is an annual ranking of the top 500 corporations worldwide as measured by income and the list is compiled and published annually by Fortune magazine. Xiaomi is currently formally the 468th manufacturer in the world, fairly the feat for a 9 year old manufacturer.

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

As an internet company with phones and smart hardware connected by an Internet of Stuff (IoT) platform at its core founded in April 2010, Xiaomi was Additionally called to Fortune’s China 500 list for the initial time in June, ranking 53rd. The manufacturer reached RMB10,000 million (approx. US$1,453.72 million) threshold in sales revenue in 2012, and RMB100,000 million (approx. US$14,537.21 million) in 2017.

Of course, they’re still not even close to companies as Apple (11th) and Samsung (15th), but that’s nice. For them to break into the list at all is already a massive surprise. This is without having a doubt a monumental achievement for the company, and it’s a testament to how well Xiaomi has done in such a short time. We’re eager to look at how they’ll grow from Below, and we wish them all the suitable for their future endeavors.

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