Xiaomi advances to 338th on Fortune Global 500 | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Monday
June 02, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
MONDAY, JUNE 02, 2025
Xiaomi advances to 338th on Fortune Global 500

Corporates

TBS Report
03 August, 2021, 07:50 pm
Last modified: 03 August, 2021, 07:52 pm

Related News

  • Xiaomi eyes a future beyond Qualcomm with its in-house Xring O1 chip
  • Poco F7 Ultra: Flagship killer contender for 2025?
  • The first ever Wi-Fi earbuds are here
  • Redmi Note 14: Great display, decent camera, good battery on a budget
  • Xiaomi recognised as Bangladesh’s number 1 mobile handset brand

Xiaomi advances to 338th on Fortune Global 500

Premium devices, internationalization and new retail operations drive growth; Xiaomi included in the list for third year in a row

TBS Report
03 August, 2021, 07:50 pm
Last modified: 03 August, 2021, 07:52 pm
Xiaomi advances to 338th on Fortune Global 500

Xiaomi today has been included on the Fortune Global 500 list for the third consecutive year, rising to 338th in 2021, representing a significant advance of 84 places compared to its ranking of 422nd in 2020.

Its 2021 ranking makes it the fastest-growing company in the Internet and Retail Category on the Fortune Global 500 list of the year, reads a press release.

"Compared to our past achievements, I'm more focused on our potential growth. Xiaomi is still a very young yet ambitious company, full of motivation. I'd like to sincerely thank our Xiaomi Fans around the world as your unwavering support has helped make Xiaomi so lively and energetic. I think that this is not the limit for Xiaomi, and I am confident that people will see an even stronger, more powerful Xiaomi in the future, and we will achieve a much more outstanding record in the Fortune Global 500 list next year." said Lei Jun, founder, chairman and CEO of Xiaomi.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

According to Xiaomi's earnings report, Xiaomi's total revenue amounted to RMB245.9 billion in 2020, making Xiaomi the 338th place on Fortune Global 500 List of 2021. In 2021, Xiaomi remains a strong momentum of rapid growth, showing an explosive increase in terms of revenue and net profit, which has far exceeded the market expectations. In the first quarter of 2021, Xiaomi's total revenue for the period amounted to RMB76.9 billion, representing an increase of 54.7% year-over-year while adjusted net profit for the period came in at RMB6.1 billion, an increase of 163.8% year-over-year.

This growth is attributable to Xiaomi's ever-expanding foothold in the high-end smartphone market, its rapid growth in international markets, and the development of the company's new retail business.

Xiaomi's focus on core technologies has been the driving force in creating an enhanced user experience and it has strengthened its position in high-end market segments through its Mi 10 and Mi 11 series. In Q1 of 2021, the global shipments of Xiaomi smartphones priced at RMB 3,000 or above in mainland China and priced at 300 Euros and above in international markets, exceeded 4 million.

Xiaomi's global expansion also propelled its overall growth. On July 16, Xiaomi announced that according to Canalys, the company took second place globally with a 17 percent share of smartphone shipments, surpassing Apple. In international markets, Xiaomi exceeded 300 percent year-on-year growth in the Latin America market, over 150 percent growth in Africa, and greater than 50 percent growth in Western Europe.

Xiaomi smartphones have entered over 100 markets worldwide, ranking number one in smartphone market share across at least 12 markets and ranking second in Europe in terms of market share. It has ranked number one in India for 15 consecutive quarters.

Regarding new retail, Xiaomi's physical stores have experienced fast expansion since 2020. The total number of Mi Homes stores in mainland China surpassed 5,500 at the end of April, 2021, while there are more than 1,000 Xiaomi Stores in international markets. The physical retail network of Xiaomi is expanding rapidly across the globe.

Xiaomi has continued to invest in R&D and talent, creating a series of new reward structures for its R&D team and initiating the second phase of the Xiaomi Smart Factory project. "Over the next decade, Xiaomi will be a new driving force in the manufacturing industry." said Lei Jun, Founder, Chairman and CEO of Xiaomi, at the company's 10th anniversary. Smart manufacturing is emerging to be one of the core competitive advantages of Xiaomi.

While leading the smartphone, AIoT, and smart manufacturing industry, Xiaomi has also proactively entered the smart electric vehicle market. In March 2021, Xiaomi officially announced that the company will set up a wholly-owned subsidiary led by CEO Lei Jun to operate the smart electric vehicle business, with total investments over the next 10 years estimated to be US$ 10 billion. The initial phase of investment will be RMB 10 billion, or US$ 1.55 billion. Smart electric vehicles will be a significant driver of new growth for Xiaomi.

Xiaomi / Fortune Global 500

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Chief Adviser Muhammad Yunus presides over the second round dialogue of the National Consensus Commission with the political parties in Dhaka on 2 June 2025. Photo: CA Press Wing
    Consensus Commission's 2nd round talks with political parties begin
  • Illustration: TBS
    Inflation drops slightly to 9.05% in May
  • Saleh Uddin Ahmed. Sketch: TBS
    Budget prioritises people over infrastructure: Finance adviser

MOST VIEWED

  • Infographic: TBS
    Govt targets Dec opening of Dhaka airport's 3rd terminal but Japanese consortium wants 2 more months
  • Infograph: TBS
    Low imports, low confidence, low growth: Is Bangladesh in a slow-burning crisis?
  • Representational image. Photo: Reuters
    Remittance hits second-highest monthly record of $2.97b in May ahead of Eid
  • Budget may offer major tax breaks for capital market
    Budget may offer major tax breaks for capital market
  • Teesta River overflowing at one of its gates on 1 June 2025. Photo: UNB
    44 gates opened as water levels in Teesta rise
  • Infographic: TBS
    Jobs drying up as private sector struggles to survive

Related News

  • Xiaomi eyes a future beyond Qualcomm with its in-house Xring O1 chip
  • Poco F7 Ultra: Flagship killer contender for 2025?
  • The first ever Wi-Fi earbuds are here
  • Redmi Note 14: Great display, decent camera, good battery on a budget
  • Xiaomi recognised as Bangladesh’s number 1 mobile handset brand

Features

Sketch: TBS

Budget FY26: What corporate Bangladesh expects

7h | Budget
The customers in super shops are carrying their purchases in alternative bags or free paper bags. Photo: Mehedi Hasan

Super shops leading the way in polythene ban implementation

6h | Panorama
Photo: Collected

Slice, store, sizzle: Kitchen must-haves for Eid-ul-Adha 2025

1d | Brands
The wide fenders, iconic hood scoop and unmistakable spoiler are not just cosmetic; they symbolise a machine built to grip dirt, asphalt and hearts alike. PHOTO: Akif Hamid

Resurrecting the Hawkeye: A Subaru WRX STI rebuild

1d | Wheels

More Videos from TBS

Find out what your income tax really is

Find out what your income tax really is

19m | Others
What's in the budget for people and businesses?

What's in the budget for people and businesses?

1h | Others
Bangladeshi agent of online gambling site arrested in Jhenaidah

Bangladeshi agent of online gambling site arrested in Jhenaidah

1h | TBS Stories
Bus-Truck-Taxi Advance Tax is Increasing; What Will Be the Impact?

Bus-Truck-Taxi Advance Tax is Increasing; What Will Be the Impact?

1h | Others
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net