Xiaomi Again Advances on the Fortune Global 500 List

Xiaomi Group ranked No. 266 on the 2022 Fortune Global 500 list announced yesterday. The global technology company, which is the world’s third largest smartphone manufacturer, moved up the list for the fourth year in a row. 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. The 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%.