HONG KONG, May 16, 2019 – Xiaomi Corporation (“Xiaomi” or the “Group”; stock code: 1810), an internet company with smartphones and smart hardware connected by an Internet of Things (“IoT”) platform at its core, made Forbes’ 2019 Global 2000 list for the first time, ranking 426th. Xiaomi featured on the list thanks to its strong performance in market capitalization and strong growth in multiple performance indicators, including revenue, profit and assets.
Thanks to the Group’s unique and powerful “triathlon” business model, Xiaomi enjoyed a strong 2018, even in the face of fierce competition from domestic and international peers. In 2019, Xiaomi officially launched the “smartphone + AIoT” dual-core strategy, which the Group believes will provide more opportunities for AIoT in the future and help Xiaomi reach its full potential.
Forbes Magazine compiles the Forbes’ Global 2000 rankings annually. The list is regarded as one of the world’s most authoritative and closely-watched corporate rankings, and is based on the integrated rating of revenue, profit, assets and market capitalization. Based on the 2019 list, the top 10 companies are ICBC, JP Morgan Chase, China Construction Bank, Agricultural Bank of China, Bank of America, Apple, Ping An, Bank of China, Royal Dutch Shell and Wells Fargo.
Of the 61 countries represented on the list, the United States is home to the largest number of companies, 575. China and Hong Kong were next with 309, followed by Japan with 223. This year, 154 technology companies made the 2019 Global 2000 rankings, of which only 20 of them are Chinese companies.
About Xiaomi Corporation
Xiaomi Corporation was founded in April 2010 and listed on the Main Board of the Hong Kong Stock Exchange on July 9, 2018 (1810.HK). Xiaomi is an internet company with smartphones and smart hardware connected by an IoT platform at its core. With the vision of being friends with its users and being the “coolest company” in the hearts of its users, Xiaomi is committed to continuous innovation, with an unwavering focus on quality and efficiency. The company relentlessly builds amazing products with honest prices to let everyone in the world enjoy a better life through innovative technology. Xiaomi is currently the world’s fourth-largest smartphone brand, and has established the world’s largest consumer IoT platform, with more than 150.9 million smart devices (excluding smartphones and laptops) connected to its platform. Currently, Xiaomi products are present in more than 80 countries and regions around the world and have a leading foothold in many markets.