Xiaomi Now a Fortune 500 Company; Ranked No. 468 Globally - steeleconswited1948

Chinese engineering science monster, Xiaomi, has proclaimed that the company has, for the first-class honours degree time, broken into the Destiny Global 500 list, nine years after it was incorporated by Lei Jun and his colleagues. The Beijing-based companionship is the youngest entry on the list this twelvemonth, higher-ranking 468th, with a taxation of $26.44 billion and a net profit of $2.04 billion in the former financial year. The company also ranks 7th in the Internet Services and Retailing class.

Super excited to announce that @Xiaomi has entered Fortune Global 500 and ranked Ordinal number468! We are plausibly the youngest company (9 years old) to move in this Fortune ranking in recent years. Thank you Mi Fans! Onwards! #FortuneGlobal500 #Xiaomi https://t.co/e1zn5Q2fgQ pic.twitter.com/aC113te3Ru

— Alvin Tse (@atytse) July 22, 2022

In a message to all investors, employees and customers, Lei Jun, Laminitis, Chairman and CEO of Xiaomi, aforementioned: "It took Xiaomi only if nine years to make the Fortune Global 500 listing, 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 tilt, a proud record that we will keep in mind and bring to another level in the global expansion journey".

Rightful to think, Xiaomi was based in April 2010 American Samoa a smartphone company before expanding its portfolio to include other related products, including mobile accessories, audio devices and Sir Thomas More. The company has since heterogeneous into several other mathematical product categories, including televisions, home appliances, smart place, smart lights, etc.

Xiaomi likewise lately launched the Admiralty mile Beard Trimmer in India as theatrical role of its scheme to establish more Mi-branded electronic gadgets, accessories and lifestyle products in the country. And then there's also the Mi Truck Builder that was launched in the country in the first place this month. The Lego-equivalent DIY toy, which Xiaomi says will assistance children improve their concentration, creativity and cognition, was sold 292 percent after organism listed for crowdfunding at a price of Rs. 1,199.