Xiaomi ranks 338th in the list of the 500 richest companies in the world

Chinese tech giant Xiaomi , which recently became the world's second-largest smartphone brand after surpassing Apple in the second quarter of this year, has new news about its developments. The company has announced that it has risen 84 places in the list of 500 richest companies in the world.

For the third time in a row, Xiaomi is on the list of the world's 500 richest companies, and this year, the company is ranked 338th. This represents a significant jump of 84 positions compared to its 422 position last year.

In addition, the Chinese giant has announced that the company has the fastest growth in the field of Internet and retail in the Fortune Global 500 list.

"Compared to our past achievements, we are more focused on our potential growth," said Lee Joon, founder, chairman and CEO of Xiaomi Group. Xiaomi is still a very young company and at the same time ambitious and motivated. I would like to sincerely thank Xiaomi fans around the world because your unwavering support for Xiaomi has greatly contributed to its vibrancy and energy. I think this development will not limit Xiaomi and I am sure that people will see a stronger and more powerful Xiaomi in the future, and we will achieve a much more prominent record in the list of the 500 richest companies in the world next year. "

Xiaomi's total revenue is reported at 245.9 billion yuan in 2020, ranking 338th on the Fortune Global 500 list in 2021. The company has continued its rapid revenue growth and net profit beyond market expectations.

The company recently reported total revenue of 76.9 billion yuan (approximately $ 12 billion) in the first quarter of 2021, representing 54.7% annual growth. Adjusted net income of 6.1 billion yuan (about $ 965 million) was also recorded, with annual profit growing 163.8 percent.

In the first quarter of 2021, Xiaomi sold 49.4 million units and its gross smartphone business profit was 12.9%. The company focuses on high-end and high-end devices, as well as expanding its footprint in international markets and focusing on retail trade.

Xiaomi's list ranked 338th in the list of 500 richest companies in the world for the first time in Xiaomist.Com . appeared.


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