Corporation, commonly known as Xiaomi and registered as Xiaomi Inc, is a Chinese designer and manufacturer of consumer electronics and related software, home appliances, and household items.
| FactSnippet No. 404,604 |
51 Facts About Xiaomi
2.
Xiaomi is ranked 338th and is the youngest company on the Fortune Global 500.
| FactSnippet No. 404,605 |
3.
Xiaomi was founded in 2010 in Beijing by now multi-billionaire Lei Jun when he was 40 years old, along with six senior associates.
| FactSnippet No. 404,606 |
4.
Xiaomi keeps its prices close to its manufacturing costs and bill of materials costs by keeping most of its products in the market for 18 months, longer than most smartphone companies, The company uses inventory optimization and flash sales to keep its inventory low.
| FactSnippet No. 404,607 |
8.
On 26 February 2016, Xiaomi launched the Mi5, powered by the Qualcomm Snapdragon 820 processor.
| FactSnippet No. 404,611 |
9.
On 3 March 2016, Xiaomi launched the Redmi Note 3 Pro in India, the first smartphone to powered by a Qualcomm Snapdragon 650 processor.
| FactSnippet No. 404,612 |
10.
In September 2016, Xiaomi launched sales in the European Union through a partnership with ABC Data.
| FactSnippet No. 404,613 |
11.
On 26 October 2016, Xiaomi launched the Mi Mix, powered by the Qualcomm Snapdragon 821 processor.
| FactSnippet No. 404,614 |
13.
On 19 April 2017, Xiaomi launched the Mi6, powered by the Qualcomm Snapdragon 835 processor.
| FactSnippet No. 404,616 |
14.
Xiaomi stated started working with Google for the Mi A1 Android One smartphone earlier in 2017.
| FactSnippet No. 404,617 |
17.
On 3 May 2018, Xiaomi announced a partnership with 3 to sell smartphones in the United Kingdom, Ireland, Austria, Denmark, and Sweden.
| FactSnippet No. 404,620 |
18.
In May 2018, Xiaomi began selling smart home products in the United States through Amazon.
| FactSnippet No. 404,621 |
19.
In June 2018, Xiaomi became a public company via an initial public offering on the Hong Kong Stock Exchange, raising $4.
| FactSnippet No. 404,622 |
20.
In March 2020, Xiaomi showcased its new 40W wireless charging solution, which was able to fully charge a smartphone with a 4, 000mAh battery from flat in 40 minutes.
| FactSnippet No. 404,623 |
21.
In October 2020, Xiaomi became the third largest smartphone maker in the world by shipment volume, shipping 46.
| FactSnippet No. 404,624 |
22.
On 30 March 2021, Xiaomi announced that it will invest US$10 billion in electric vehicles over the following ten years.
| FactSnippet No. 404,625 |
23.
On 31 March 2021, Xiaomi announced a new logo for the company, designed by Kenya Hara.
| FactSnippet No. 404,626 |
24.
In July 2021, Xiaomi became the second largest smartphone maker in the world, according to Canalys.
| FactSnippet No. 404,627 |
25.
On 8 February 2022, Lei released a statement on Weibo to announce plans for Xiaomi to enter the high-end smartphone market and surpass Apple as the top seller of premium smartphones in China in three years.
| FactSnippet No. 404,628 |
26.
Xiaomi is one of the leaders of the smartphone makers in India which maintains device affordability.
| FactSnippet No. 404,629 |
27.
In 2022, Xiaomi announced and debuted the company's humanoid robot prototype to the public, while the current state of the robot is very limited in its abilities, the announcement was made to mark the companies ambitions to integrate AI into its product designs as well as develop their humanoid robot project into the future.
| FactSnippet No. 404,630 |
28.
Xiaomi linked the "Xiao" part to the Buddhist concept that "a single grain of rice of a Buddhist is as great as a mountain", suggesting that Xiaomi wants to work from the little things, instead of starting by striving for perfection, while "mi" is an acronym for Mobile Internet and "mission impossible", referring to the obstacles encountered in starting the company.
| FactSnippet No. 404,631 |
29.
Xiaomi's mascot, Mitu, is a white rabbit wearing an Ushanka with a red star and a red scarf around its neck.
| FactSnippet No. 404,632 |
30.
Xiaomi has been accused of imitating Apple Inc The hunger marketing strategy of Xiaomi was described as riding on the back of the "cult of Apple".
| FactSnippet No. 404,633 |
31.
In 2013, critics debated how much of Xiaomi's products were innovative, and how much of their innovation was just really good public relations.
| FactSnippet No. 404,634 |
32.
Xiaomi has developed a much wider range of consumer products than Apple.
| FactSnippet No. 404,635 |
33.
In January 2018, Xiaomi was criticized for its non-compliance with the terms of the GNU General Public License.
| FactSnippet No. 404,636 |
34.
Xiaomi later released an MIUI update that made cloud messaging optional and that no private data was sent to Xiaomi servers if the cloud messaging service was turned off.
| FactSnippet No. 404,637 |
35.
On 23 October 2014, Xiaomi announced that it was setting up servers outside of China for international users, citing improved services and compliance to regulations in several countries.
| FactSnippet No. 404,638 |
36.
On 19 October 2014, the Indian Air Force issued a warning against Xiaomi phones, stating that they were a national threat as they sent user data to an agency of the Chinese government.
| FactSnippet No. 404,639 |
37.
Xiaomi disputed the claims, while confirming that it did extensively collect browsing data, and saying that the data was not linked to any individuals and that users had consented to being tracked.
| FactSnippet No. 404,640 |
38.
Xiaomi posted a response stating that the collection of aggregated usage statistics data is used for internal analysis, and would not link any personally identifiable information to any of this data.
| FactSnippet No. 404,641 |
39.
However, after a followup by Gabriel Cirlig, the writer of the report, Xiaomi added an option to completely stop the information leak when using its browser in incognito mode.
| FactSnippet No. 404,642 |
40.
In September 2021, amidst a political spat between China and Lithuania, the Lithuanian Ministry of National Defence urged people to dispose the Chinese-made mobile phones and avoid buying new ones, after the National Cyber Security Centre of Lithuania claimed that Xiaomi devices have built-in censorship capabilities that can be turned on remotely.
| FactSnippet No. 404,643 |
41.
Xiaomi denied the accusations, saying that it "does not censor communications to or from its users", and that they would be engaging a third-party to assess the allegations.
| FactSnippet No. 404,644 |
42.
Xiaomi claimed that the number of smartphones sold was 10, 000 units each for the first two flash sales, and 8, 000 units for the third one.
| FactSnippet No. 404,645 |
43.
However, FTC investigated the claims and found that Xiaomi sold 9, 339 devices in the first flash sale, 9, 492 units in the second one, and 7, 389 for the third.
| FactSnippet No. 404,646 |
44.
However, Xiaomi soon "requested" that the store be shut down by 25 July 2014.
| FactSnippet No. 404,647 |
45.
An industry commentator described the action by Xiaomi to get the Australian website closed down as unprecedented, saying, "I've never come across this [before].
| FactSnippet No. 404,648 |
46.
On 16 December, the High Court granted permission to Xiaomi to sell its devices running on a Qualcomm-based processor until 8 January 2015.
| FactSnippet No. 404,649 |
47.
Xiaomi then held various sales on Flipkart, including one on 30 December 2014.
| FactSnippet No. 404,650 |
48.
However, the investment ban was blocked by a US court ruling after Xiaomi filed a lawsuit in the United States District Court for the District of Columbia, with the court expressing skepticism regarding the government's national security concerns.
| FactSnippet No. 404,651 |
49.
Xiaomi denied the allegations of military ties and stated that its products and services were of civilian and commercial use.
| FactSnippet No. 404,652 |
50.
In May 2021, Xiaomi reached an agreement with the Defense Department to remove the designation of the company as military-linked.
| FactSnippet No. 404,653 |
51.
In July 2021, Xiaomi submitted a report to Amazon alleging that Wyze Labs had infringed upon its 2019 "Autonomous Cleaning Device and Wind Path Structure of Same" robot vacuum patent.
| FactSnippet No. 404,654 |