July 21, 2017 12:34 AM ET

Technology Hardware, Storage and Peripherals

Company Overview of Xiaomi Inc.

Company Overview

Xiaomi Inc., a mobile Internet company, manufactures and markets mobile phones. It offers various Android based phones, such as Mi 4i, Mi 4, and Redmi; MIUI ROM, a customizable ROM; MiTalk, a messaging application; MiBox, a set-top box; and Mi Pads. The company also provides Mi Band to monitor the daily fitness level of individuals; Mi power banks; and accessories that include lifestyle items, headphones, bundles, protective cases, back covers, and bands. It offers its products online in China and internationally. Xiaomi Inc. was founded in 2010 and is based in Beijing, China with a retail store in Bengaluru, India. It has service centers in Russia.

Xiaomi Office Building

68 Qinghe Middle Street

Haidian District

Beijing,  100085

China

Founded in 2010

Phone:

86 10 6060 6666

Fax:

86 10 6060 6666

Key Executives for Xiaomi Inc.

Co-Founder, Chairman and Chief Executive Officer
Age: 48
Co-Founder and President
Co-Founder and Vice President
Co-Founder and Vice President
Co-Founder and Vice President
Compensation as of Fiscal Year 2017.

Xiaomi Inc. Key Developments

Xiaomi to Launch MIUI 9 Along with Xiaomi Mi 5X Phone on July 26, 2017

Xiaomi will launch its latest smartphone, the Mi 5X in China. Mi 5X will run its yet-to-launch MIUI 9 on top of Android 7.0 Nougat. Xiaomi launched its Mi Max 2 smartphone with 5,300 mAh battery and 6.44-inch display smartphone in India. Xiaomi Mi 5X is expected to feature a 5.5-inch display and dual 12MP + 12MP cameras on the back with Sony and Samsung sensors. It will have 6GB RAM and 64GB internal storage. Also, Xiaomi Redmi Note 5, the successor to Redmi Note 4 might launch soon too.

Xiaomi Plans to Expand to Europe

Xiaomi announced plans to expand to Europe. Xiaomi told that the company's products will launch soon in 12 countries, including Poland, Lithuania, Latvia, Estonia, Ukraine, Belarus, Russia, Hungary, the Czech Republic, Slovakia and Greece. This will be supported by a bigger retail footprint, with the aim to open 2,000 new shops in the next three years, of which half with partners abroad. Expansion in western Europe is also expected, but in the longer term, with no specific date mentioned.

Xiaomi Opens Service Centres in Russia

Xiaomi has opened its official service centres in Russia. The company announced that the centres were launched in July under partnership with dealers.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
April 26, 2017
Yuedongquan
Private Placement
September 26, 2016
Beijing Sanding Network Technology Co., Ltd.
Private Placement
August 30, 2016
XiaoYi Technology Co., Ltd.
 

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