Xiaomi again advances on the Fortune Global 500 list
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Tuesday
February 07, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
TUESDAY, FEBRUARY 07, 2023
Xiaomi again advances on the Fortune Global 500 list

Corporates

TBS Report 
03 August, 2022, 07:05 pm
Last modified: 03 August, 2022, 07:07 pm

Related News

  • Xiaomi starts manufacturing smartphone motherboard locally
  • India says Xiaomi misled Deutsche Bank on 'illegal' royalty payments
  • China's Xiaomi says it will protect its business interests after India freezes its assets
  • Xiaomi in talks with BAIC to produce electric cars
  • Xiaomi tops Bangladesh smartphone market for first time ever in Q2 2022

Xiaomi again advances on the Fortune Global 500 list

TBS Report 
03 August, 2022, 07:05 pm
Last modified: 03 August, 2022, 07:07 pm
Xiaomi again advances on the Fortune Global 500 list

Xiaomi Group ranked No 266 on the 2022 Fortune Global 500 list announced Wednesday. 
 
The global technology company, which is the world's third-largest smartphone manufacturer, moved up the list for the fourth year in a row, said a press release. 
 
Xiaomi first appeared on the Fortune Global 500 list as No 468 in 2019, just nine years after its founding. The fast-growing company has improved its ranking every year since – to 422 in 2020 and to 338 last year.
 
According to Fortune Magazine, Xiaomi, which first entered the Fortune Global 500 List in 2019, has advanced more than 200 positions in four years, making it the fastest rising Chinese technology company.
 
Xiaomi's revenue and adjusted net profit hit new highs in 2021. Total revenue of Xiaomi Group in 2021 reached RMB 328.3 billion, a year-on-year increase of 33.5%. Its adjusted net profit reached RMB 22 billion last year, a year-on-year increase of 69.5%. Xiaomi Group's overseas-market revenue in 2021 increased by 33.7% year-on-year, accounting for 49.8% of its total revenue. In the first quarter of 2022, this proportion increased to 51.1%.
 
According to Canalys, Xiaomi ranked third in the global smartphone industry with a market share of 14.1% in 2021. Its smartphone sales ranked first in 14 markets and was in the top five in 62 markets. As of December 31, 2021, more than 434 million smart devices were connected to its platform (excluding smartphones, tablets and laptops), a year-on-year increase of 33.6%. The number of its global MIUI monthly active users reached 509 million, a year-on-year increase of 28.4%.
 
In 2021, the share of Xiaomi's high-end smartphone shipments increased to about 13% of its total smartphone shipments, nearly doubling from the previous year. 
 
In 2021, Xiaomi's R&D expenditure was RMB 13.2 billion, a year-on-year increase of 42.3%. In the next five years, Xiaomi's investment in research is expected to exceed RMB 100 billion. As of March 31, 2022, Xiaomi has been granted more than 26,000 patents; its global patent applications exceeded 53,000.
 

Xiaomi

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

  • A man stands in front of collapsed buildings following an earthquake in Kahramanmaras, Turkey February 6, 2023. Ihlas News Agency (IHA) via REUTERS ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY. NO RESALES. NO ARCHIVES. TURKEY OUT. NO COMMERCIAL OR EDITORIAL SALES IN TURKEY.
    Deaths exceed 2,600 as catastrophic quakes ravage Turkey, Syria
  • 30% cos see double-digit growth even in hard times
    30% cos see double-digit growth even in hard times
  • Govt borrowing from commercial banks surges
    Govt borrowing from commercial banks surges

MOST VIEWED

  • FBCCI urges for boosting FTA, PTA
    FBCCI urges for boosting FTA, PTA
  • Idcol finances Joules Power’s 3.23MWp solar project in N'ganj
    Idcol finances Joules Power’s 3.23MWp solar project in N'ganj
  • Photo: PR
    Bangladesh Bank, Brac Bank organise awareness programme on FX clearing through RTGS
  • Banglalink deploys 4,000 new 4G sites as part of nationwide network expansion drive
    Banglalink deploys 4,000 new 4G sites as part of nationwide network expansion drive
  • Bank Asia distributes blankets among cold-affected people in Sitakunda
    Bank Asia distributes blankets among cold-affected people in Sitakunda
  • Fastrack enters Bangladesh market
    Fastrack enters Bangladesh market

Related News

  • Xiaomi starts manufacturing smartphone motherboard locally
  • India says Xiaomi misled Deutsche Bank on 'illegal' royalty payments
  • China's Xiaomi says it will protect its business interests after India freezes its assets
  • Xiaomi in talks with BAIC to produce electric cars
  • Xiaomi tops Bangladesh smartphone market for first time ever in Q2 2022

Features

Photo: Collected

Get your partner a lovely present this Valentine's Day

14h | Brands
Pottery Wheel Craft Kit: A creative outlet for little hands

Pottery Wheel Craft Kit: A creative outlet for little hands

14h | Brands
Say it with Colours

Say it with Colours

1d | Mode
Photo: Courtesy

From 'Made in Bangladesh' to 'Designed in Bangladesh'

1d | Panorama

More Videos from TBS

Who will survive? Adani or Hindenburg?

Who will survive? Adani or Hindenburg?

5h | TBS Stories
James Gunn’s 8-10-year plan for the DC Universe

James Gunn’s 8-10-year plan for the DC Universe

5h | TBS Entertainment
LC issues lead to severe shortage of surgical equipment

LC issues lead to severe shortage of surgical equipment

8h | TBS Insight
Stage plays are going on in the digital age

Stage plays are going on in the digital age

13h | TBS Stories

Most Read

1
Leepu realised his love for cars from a young age and for the last 40 years, he has transformed, designed and customised hundreds of cars. Photo: Collected
Panorama

'I am not crazy about cars anymore': Nizamuddin Awlia Leepu

2
The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo
Economy

IMF approves $4.7 billion loan for Bangladesh, calls for ambitious reforms

3
Belal Ahmed new acting chairman of SIBL
Banking

Belal Ahmed new acting chairman of SIBL

4
Fund cut as Dhaka's fast-track transit projects on slow spending lane
Infrastructure

Fund cut as Dhaka's fast-track transit projects on slow spending lane

5
Photo: Collected
Startups

ShopUp secures $30m debt financing to boost expansion, supply chain

6
Photo: Courtesy
Panorama

From 'Made in Bangladesh' to 'Designed in Bangladesh'

EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
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