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The Beijing-based global technology firm on Monday announced that the company has, for the first time, made the Fortune Global 500 list, nine years after its iteration.The company also ranks seventh in the Internet Services and Retailing category, the company said in a statement."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," Lei Jun, Founder, Chairman and CEO of Xiaomi said.Founded in April 2010 as an internet company with smartphones and smart hardware connected by an Internet of Things (IoT) platform at its core, Xiaomi was also named in Fortune's China 500 list for the first time in June, ranking 53rd.According to international market research organisation IDC, as of March 2019, the company has become the world's fourth smartphone brand in terms of shipment sales volume, registering a year-on-year growth of 32.2 per cent.The company has also incubated and invested in over 200 ecosystem companies, many of which are specialized in developing smart hardware, and has thus built the world's largest consumer IoT platform with approximately 171 million connected IoT devices, excluding smartphones and laptops, by late March 2019.The firm is investing 10 billion Renminbi in the development of "All in AIoT" in the next five years as part of its "Smartphone+AIoT" dual-core strategy, allowing the prospect to capitalize on Artificial Intelligence (AI) and IoT development opportunities in the future, and laying a solid foundation for the growth over the next five to 10 years.Moreover, the company is planning to replicate its success by enhancing and adjusting its business strategies from China to overseas.( With inputs from IANS )

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With economic slowdown beginning to adversely affect several industries in India, Xiaomi India said on Wednesday that smartphone sales would remain insulated from the impact as the festive season inches closer. ...

With economic slowdown beginning to adversely affect several industries in India, Xiaomi India said on Wednesday that smartphone sales would remain insulated from the impact as the festive season inches closer. ...

Chinese smartphone manufacturer Xiaomi on Wednesday launched its new Android One smartphone Mi A3 in India which comes with with 48MP triple rear camera and 32MP selfie camera. ...

India smartphone market saw its highest-ever shipment of 36.9 million in the second quarter (Q2) of 2019 with 9.9 per cent year-on-year (YoY) and 14.8 per cent quarter-on-quarter (QoQ) growth, a new report said on Tuesday. ...

Six out of every seven smartphones sold in India belonged to top five smartphone brands - Xiaomi, Samsung, Vivo, Realme, and OPPO - as the smartphone market grew five per cent in the second quarter (Q2) of 2019, a new report by CyberMedia Research (C ...

After establishing strong presence in the budget and mid-segment smartphone segment in India, Chinese technology player Xiaomi has now brought flagship Redmi K20 series with "lit" pop-up selfie mechanism to make a dent into the premium market. ...

Chinese smartphone manufacturer Xiaomi to gift 1,000 free company shares to 20,538 of its co-workers, worth a total of HK$187.5 million, to celebrate the company being included in the latest Fortune 500 global company list for the first time, news po ...

Chinese smartphone manufacturer Xiaomi has become the youngest company on the Fortune Global 500 list for 2019, ranking 468, with a revenue of $26,443.50 million and a net profit of $2,049.10 million in the previous fiscal. ...