Xiaomi manufactures and distributes mobile phones and consumer electronics. The Company also develops mobile applications. Xiaomi targets the lower-middle market and has gained a loyal fan base by incorporating user feedback into the design of its latest sets and Android skins. It offers internet value-added products including TV boxes, backpacks, phone screen protectors, earphones, and more.
Type
Private
HQ
Beijing, CN
Founded
2010
Size (employees)
14,513 (est)
Website
mi.com
Xiaomi was founded in 2010 and is headquartered in Beijing, CN
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Key People/Management at Xiaomi

Lei Jun

Lei Jun

Founder,chairman and CEO
LIN BIN

LIN BIN

Co-Founder, President
LI WANQIANG

LI WANQIANG

Co-Founder, Chief Brand Officer
HONG FENG

HONG FENG

Co-Founder, Senior Vice President
LIU DE

LIU DE

Co-Founder, Senior Vice President
WANG CHUAN

WANG CHUAN

Co-Founder, Senior Vice President
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Xiaomi Office Locations

Xiaomi has offices in Madrid, Tangerang, Manila, Kuching and in 4 other locations
Beijing, CN (HQ)
Guanzhong Rd, Chaoyang Qu
Kuching, MY
Jalan Penrissen
Los Angeles, US
1530 Hillhurst Ave
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Xiaomi Financials and Metrics

Summary Metrics

Founding Date

2010

Total Funding

$1.6 b

Latest funding size

$150.16 m

Time since last funding

10 months ago
Xiaomi's latest funding round in August 2017 was reported to be $150.2 m. In total, Xiaomi has raised $1.6 b. Xiaomi's latest valuation is reported to be $45 b.
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Xiaomi Financials

Xiaomi's revenue was reported to be ¥114.62 b in FY, 2017 which is a 67.5% increase from the previous period.
CNY

Revenue (Q1, 2018)

34.4 b

Gross profit (Q1, 2018)

5.4 b

Gross profit margin (Q1, 2018), %

15.6%

Net income (Q1, 2018)

(7 b)

EBIT (Q1, 2018)

(6.7 b)

Market valuation

45 b

Cash (31-Mar-2018)

15.9 b
Annual
CNYFY, 2015FY, 2016FY, 2017

Revenue

66.8 b68.4 b114.6 b

Revenue growth, %

2%67%

Cost of goods sold

64.1 b61.2 b99.5 b

Gross profit

2.7 b7.2 b15.2 b
Quarterly
CNYQ1, 2018

Revenue

34.4 b

Cost of goods sold

29.1 b

Gross profit

5.4 b

Gross profit Margin, %

16%
Annual
CNYFY, 2015FY, 2016FY, 2017

Cash

8.4 b9.2 b11.6 b

Accounts Receivable

1.5 b2.1 b5.5 b

Prepaid Expenses

3.1 b4.7 b11.4 b

Inventories

8.6 b8.4 b16.3 b
Quarterly
CNYQ1, 2018

Cash

15.9 b

Accounts Receivable

4.7 b

Current Assets

61 b

Total Assets

92.1 b
Annual
CNYFY, 2015FY, 2016FY, 2017

Cash From Operating Activities

(2.6 b)4.5 b(995.7 m)

Cash From Investing Activities

873.4 m(3.7 b)(2.7 b)

Long-term Borrowings

(4 b)(50 m)(4.5 b)

Cash From Financing Activities

568.4 m(72.1 m)6.2 b
Quarterly
CNYQ1, 2018

Cash From Operating Activities

(1.3 b)

Cash From Investing Activities

460.6 m

Cash From Financing Activities

3.3 b

Net Change in Cash

2.5 b
CNYY, 2018

Revenue/Employee

5.2 m

Financial Leverage

-0.7 x
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Xiaomi Operating Metrics

Xiaomi's Smartphones Shipped was reported to be 91.4 m in FY, 2017.
FY, 2015FY, 2016Jan, 2017Q3, 2017Nov, 2017FY, 2017

Smartphones Shipped

66.55 m55.42 m27.60 m70 m91.41 m

Average Internet Services Revenue per User

¥28.90 ¥48.50 ¥57.90

Smartphone Average Selling Price

¥807.20 ¥879.90 ¥881.30

Connected Devices

50 m
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Xiaomi Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Beijing Duokan Technology Co.
Beijing Duokan Technology Co., Ltd.
Beijing Wali Internet Technologies Co.
Beijing Xiaomi Digital Technology Co.
Beijing Xiaomi Electronics Co.
Chongqing Xiaomi Microcredit Limited
Fast Pace Limited
Green Better Limited
Guangdong Xiaomi lnc.
Guangzhou Xiaomi Communications Co.
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Xiaomi Revenue Breakdown

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Xiaomi revenue breakdown by business segment: 8.6% from Internet Services, 20.5% from IoT and lifestyle products, 70.3% from Smartphones and 0.6% from Other

Xiaomi revenue breakdown by geographic segment: 28.0% from Rest of the world and 72.0% from Mainland China

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Xiaomi Online and Social Media Presence

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Xiaomi News and Updates

There has never, ever been a company like Xiaomi

At least, according to Xiaomi. Just ahead of its massive IPO, the Chinese tech company’s founders echoed a common refrain at a Saturday press conference…

Xiaomi puts indefinite delay on CDRs in blow to China's plans for tech listings

HONG KONG (Reuters) - Chinese smartphone maker Xiaomi Corp said on Saturday there is no timeframe for a mainland share offering, casting doubt on Beijing's efforts to lure foreign-listed Chinese tech giants back home.

China's Xiaomi says has no timeframe for mainland share offering

HONG KONG (Reuters) - Chinese smartphone maker Xiaomi Corp said on Saturday there is no timeframe for a mainland share offering and the company has no disagreement with the China Securities Regulatory Commission.

Chinese smartphone giant Xiaomi reportedly gave its CEO a $1.5 billion bonus — one of the largest CEO bonuses in history

Chinese smartphone maker Xiaomi gave its CEO and founder one of the largest executive bonuses in history. CEO Lei Jun received $1.5 billion in stock, even as Xiaomi plans an IPO in Hong Kong in early July. The reward appears to have no strings attached, and isn't tied to any future performance goa…

Xiaomi is crowdfunding this hella cute e-bike

Most people know Chinese gadget maker Xiaomi for its Android phones and accessories – but in its home country, it offers a vast array of products ranging from robot vacuum cleaners to desk lamps to travel pillows. It even crowdfunds new stuff in China, and its latest offering is this compact – and r…

UPDATE 4-China's Xiaomi secures seven cornerstone investors for $6.1 bln HK IPO

* Seven cornerstones including Qualcomm, China Mobile -term sheet
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