XIAOMI UNVEILS 3RD GENERATION UNDER-DISPLAY CAMERA TECHNOLOGY

Beijing, CHINA, August 28 – Xiaomi announced that it will officially kick-start mass production of smartphones equipped with the 3rd Generation Under-Display Camera next year. This marks Xiaomi’s latest strategic step towards the high-end smartphone segment bolstered by the company’s continuous technological innovation.  

Xiaomi’s recently-released half-year earnings report demonstrated the company’s outstanding performance in the premium smartphone market. In the second quarter of 2020,  the average selling price (“ASP”) of the Group’s smartphones increased by 11.8% YoY. New flagships including Xiaomi’s Mi 10 series and the newly-launched Mi 10 Ultra took the lead and solidified the brand’s position in the high-end market. 

In overseas markets, shipments of Xiaomi’s premium smartphones priced at €300 or above went up by 99.2% YoY in the second quarter of 2020. According to Canalys, Xiaomi’s smartphone shipments in Europe grew by 64.9% YoY in the same period with the company seizing a total market share of 16.8% and ranking top three in the market for the first time. In Western Europe, the Group’s smartphone shipments grew by 115.9% YoY, granting Xiaomi a 12.4% market share.

Xiaomi’s high-end product strategy stems from its technological achievements. Shortly after launching the first mass-produced 120W graphene battery on Mi 10 Ultra, on August 28th Xiaomi introduced another ground-breaking technology with mass production potential – the 3rd Generation Under-screen Camera Technology. This brand-new technology is able to perfectly disguise the front camera under the phone’s screen without ruining the edge-to-edge display effect. Eschewing punch holes and dot drops, this technology makes a perfect full-screen form factor a reality.

From the first generation of the technology that did not leave lab grounds to the second generation that was officially introduced to the public, Xiaomi never stopped exploring under-screen cameras. In the third-generation of Under-Display Camera Technology, Xiaomi has greatly improved the full-screen effect through self-developed pixel arrangement, and through the optimization of the camera algorithm, allowing it to show the same performance as conventional front cameras. These breakthroughs have allowed Xiaomi to improve the technology and put it into mass-production.

The self-developed pixel arrangement used in Xiaomi’s 3rd Generation Under-Display Camera Technology allows the screen to pass light through the gap area of ​​sub-pixels, allowing each single pixel to retain a complete RGB subpixel layout without sacrificing pixel density. Compared with other common solutions on the market, Xiaomi has doubled the number of horizontal and vertical pixels, achieving the same pixel density above the camera as on the rest of the display area. Thus, the area above the integrated camera demonstrates the same brightness, color gamut and color accuracy as the rest of the display.

Based on the brand new pixel arrangement solution, Xiaomi’s 3rd Generation Under-Display Camera also adopts a special circuit design to hide more components under the RGB sub-pixels to further increase the light transmittance of the under-screen camera area. Combined with Xiaomi`s self-developed optimization algorithm, the new under-display camera offers a fully updated photography experience, matching the imaging performance of conventional front cameras. 

Xiaomi aims to bring this technology to the mass market next year.

“Never cease to explore and innovate” is the first of Xiaomi’s three guiding principles. Xiaomi has been continuously exploring the application possibilities of different advanced technologies. The company’s R&D investments have been increasing greatly year by year, and the fruits of Xiaomi’s efforts have been successfully put on the market. The recently released Mi 10 Ultra features many leading technologies: self-developed fast charging architecture incorporating world’s most advanced dual fast charging combination of 120W wired + 50W wireless charging; 120x AI super zoom and Dual Native ISO Fusion technology providing for an excellent photo experience and placing the phone at the top of the DXOMARK ranking. The latest generation of under-display camera technology introduced today brings the ultimate full-screen form factor into reality. Behind all these innovations is not just Xiaomi’s pursuit of ultimate technological excellence, but also the company’s commitment to research and development.

For a long time, the high-end mobile phone market has been a podium for cutting-edge technologies requiring strong innovative capacity as a supporting pillar, thus limiting the number of possible contenders. So far, Xiaomi has formed unique technological advantages in fast charging, imaging, displays and other fields, and the continuous exploration and expansion of these advantages is bound to place Xiaomi mobile phones at the center of the high-end market.

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 Internet of Things (IoT) platform at its core.

With an equal emphasis on innovation and quality, Xiaomi continuously pursues high-quality user experience and operational 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 leading consumer IoT platform, with 271 million smart devices connected to its platform, excluding smartphones and laptops. Xiaomi products are present in more than 90 markets around the world.

In August 2020, the company made the Fortune Global 500 list for the second time, ranking 422nd, up 46 places compared to last year. It also ranked 7th among internet companies on the list. In May 2020, the company made the Forbes Global 2000 List again, and its ranking jumped to 384th.

Xiaomi is a constituent of the Hang Seng Index, Hang Seng China Enterprises Index and Hang Seng TECH Index.

For more information about the company, please visit https://blog.mi.com/en/.

Xiaomi achieves growth amid headwinds in 1H 2020, revenue and profit beat market consensus

 

Set to Tap Future Opportunities with Solid Position in Premium Markets

Embraces the Next Decade with Upgraded Core Strategy of “Smartphone X AIoT”

Hong Kong, August 26, 2020 — Xiaomi Corporation (“Xiaomi” or the “Group”; stock code:1810), an internet company with smartphone and smart hardware connected by an Internet of Things (“IoT”) platform at its core, today announced its unaudited consolidated results for the three and six months ended 30 June 2020 (“1H2020” or “the Period”).

1H 2020 Financial Highlights

  • Total revenue amounted to RMB103.24 billion, representing an increase of 7.9% year-over-year (“YoY”), beating market consensus;
  • Gross profit was approximately RMB15.26 billion, up 22.3% YoY;
  • Profit for the period was approximately RMB6.65 billion, up 29.3% YoY, beating market consensus;
  • Non-IFRS adjusted net profit was approximately RMB5.67 billion, down 0.7% YoY, beating market consensus;
  • Earnings per share was RMB0.279.

Q2 2020 Financial Highlights

  • Total revenue was approximately RMB53.54 billion, up 3.1% YoY and 7.7% quarter-on-quarter (“QoQ”);
  • Gross profit was approximately RMB7.70 billion, up 6.1% YoY and 1.9% QoQ;
  • Profit for the period was approximately RMB4.49 billion, up 129.8% YoY and 108% QoQ;
  • Non-IFRS adjusted net profit was approximately3.37 billion, down 7.2% YoY, but increased by 46.6% QoQ;
  • Earnings per share was RMB0.189.

Xiaomi Corporation said, “In the first half of 2020, despite the impact of COVID-19 and great global uncertainties, Xiaomi’s diversified business ecosystem has demonstrated its resilience, as both revenue and adjusted profits beat market consensus, while our operations continued to expand. We made the Fortune Global 500 list for the second time, ranking 422nd, up 46 places from last year. With 2020 being Xiaomi’s 10th anniversary, we have upgraded our core strategy to ‘Smartphone X AIoT’, with AIoT revolving around our core smartphone business, enabling us to lead the future way of smart living. Looking forward to the next decade, we will firmly adhere to our ‘three guiding principles’ – never cease to explore and innovate, continue to offer products with strong price-to-performance ratio, and seek to make the coolest products, so as to let everyone in the world enjoy a better life.”

Firmly Adhere to the “Three Guiding Principles” and Maintain Xiaomi’s Position in Premium Smartphone Market

Amid the challenges brought by COVID-19 on the global smartphone market, Xiaomi adhered to three guiding principles – “never cease to explore and innovate, continue to offer products with the price-to-performance ratio”. Revenue from the smartphones segment was RMB61.952 billion and RMB31.628 billion in the first half and second quarter of 2020 respectively, and the smartphone shipments reached 28.3 million units.

According to Canalys, in the second quarter of 2020, Xiaomi ranked 4th globally in terms of smartphone shipments, and its market share stood at 10.1%. In overseas markets, shipments of its premium smartphones, with retail price of €300 or more, went up by 99.2% YoY in the second quarter of 2020. Driven by the higher proportion of sales from mid- to high-end smartphones, the average selling price (“ASP”) of the Group’s smartphones increased by 11.8% YoY and 7.5% QoQ.

The Group insisted on implementing the dual-brand strategy and yielded significant results. Xiaomi’s 5G flagship smartphones, Mi 10 and Mi 10 Pro, were launched in February 2020, the shipments have exceeded one million units within only two months. In August 2020, Xiaomi launched the Mi 10 Ultra, which achieved a DXOMARK score of 130 for overall camera performance, once again ranking 1st globally at the time of launch. The sales have exceeded RMB400 million after 10 minutes of its debut.

The Redmi brand continued to make 5G technology accessible to the mass market. In June 2020, the Group launched the Redmi 9A series which priced from only RMB499. It then launched the Redmi K30 Ultra in August, sporting all-around premium features with prices starting from only RMB1,999.

It is worth mentioning that Xiaomi also launched its smart factory recently with a total investment amount of RMB600 million, opening up an era of smart and manufacturing at Xiaomi’s factories. The Mi 10 Ultra is the first mass-produced ultra-high-end model of the Xiaomi Smart Factory.

Upgraded Core Strategy of “Smartphone X AIoT” to Build a Smart Life

Revenue from the IoT and lifestyle products segment was RMB28.237 billion and RMB15.253 billion in the first half and second quarter of 2020, respectively. Xiaomi’s global TV shipments still amounted to 2.8 million units, achieving YoY growth despite a decline in the overall TV market. According to All View Cloud (“AVC”), in the second quarter of 2020, the Group’s TV shipments in mainland China ranked 1st for the 6th consecutive quarter and ranked among the top five globally.

In the second quarter, Xiaomi introduced two flagship products under the new Mi TV Master Series, further expanding its footprint in the premium market. In July 2020, the Group introduced its first OLED TV, Mi TV Lux 65OLED. In August 2020, it launched the second ultra high-end TV within the Mi TV Master SeriesMi TV LUX Transparent Edition, which is the world’s first mass-produced transparent TV.

To fulfill the various demands of the consumer worldwide, Xiaomi’s smart TVs entered more markets, including Poland, France and Italy during the second quarter. In July 2020, Xiaomi held its first global Xiaomi Ecosystem Product Launch and released a series of new products, including the Mi Smart Band 5 and Mi True Wireless Earphones 2 Basic.

Recently, Xiaomi Founder, Chairman and CEO Mr. Lei Jun distributed a letter to employee, announcing that Xiaomi’s core strategy will be upgraded to “Smartphone x AIoT” in the next decade to drive synergistic benefits, with smartphone remains as the cornerstone to the Group’s business, while AIoT will build a smart life around smartphones to let Xiaomi truly lead the future way of smart living.

As of June 30, 2020, the number of connected IoT devices (excluding smartphones and laptops) on Xiaomi’s IoT platform reached approximately 271.0 million units, representing a YoY increase of 38.3%. The number of users who have five or more devices connected to Xiaomi’s IoT platform (excluding smartphones and laptops) increased to over 5.1 million, representing a YoY growth of 63.9%. Meanwhile, the Mi Home App had 40.8 million MAU, representing a YoY increase of 34.1%, in which non-Xiaomi smartphone users accounted for 67.9%. In June 2020, our AI Assistant (“小愛同學”) had 78.4 million MAU, an increase of 57.1% YoY.

Xiaomi continued to strengthen the interconnectivity across products with the “Xiaomi Share” initiative. “Xiaomi Share” supports always-on access to music, video and voice calls when switching across multiple devices. In addition, the Group developed the multi-screen collaboration function, which support cross-device photographing and document editing. Going forward, the Group will continue to enhance the connectivity between smart devices, and offer more intelligent user experiences and application scenarios, thereby bringing global Xiaomi users to the forefront of future smart living.

Increasing Contribution of Diversified Internet Services to the Group’s Revenue

Revenue of the internet services segment amounted to RMB11.808 billion and RMB5.908 billion In the first half and second quarter of 2020 respectively. In the second quarter of 2020, the MAU of MIUI increased by 23.3% year-over-year to 343.5 million, while the mainland China MAU of MIUI was 109.7 million.

In the second quarter of 2020, advertising revenue increased by 23.2% YoY to RMB3.1 billion, driven by the rapid growth in overseas advertising revenue, as well as the gradual recovery in advertising budgets in mainland China. Internet services revenue outside of advertising and gaming from mainland China smartphones, including those generated from the Youpin e-commerce platform, fintech business, TV internet services and overseas internet services, increased by 39.5% YoY, accounting for 39% of its total internet services revenue.

In June 2020, MAU of Xiaomi smart TVs and Mi Box reached 32.0 million, an increase of 41.8% YoY. As of June 30, 2020, the number of paid subscribers increased by 33.1% YoY to 4.0 million.

Business in Overseas Markets Grows Steadily Despite Headwinds

Remains the 1st in Western Europe among major players by Smartphone Shipments Growth Rate

Revenue from overseas markets was RMB48.861 billion and RMB24.029 billion in the first half and second quarter of 2020 respectively. According to Canalys, in the second quarter of 2020, Xiaomi’s market shares in terms of smartphone shipments ranked among the top five in 50 countries and regions and reached the top three in 25 of these markets.

In the second quarter of 2020, according to Canalys, Xiaomi’s smartphone shipments grew by 64.9% YoY in Europe, achieving a total market share of 16.8%, ranking it in the top three for the first time. In Western Europe, the Group’s smartphone shipments grew 115.9% YoY, accounting for a 12.4% market share. The Group’s smartphone shipments in Spain grew by 150.6% YoY, ranking 1st for two consecutive quarters with a 36.8% market share. During the quarter, Xiaomi ranked 2nd in France and 4th in Germany and Italy, in terms of smartphone shipments.

In Eastern Europe, Xiaomi became the No.1 smartphone company in Ukraine and Poland in terms of smartphone shipments, with respective market shares of 37.1% and 27.5%. In addition, in the second quarter of 2020, the Group captured a market share of 30.7% by shipments in the Indian smartphone market. According to IDC, it retained the No.1 position in the Indian smartphone market for the 12th consecutive quarter.

Impact of the COVID-19 outbreak

In the second quarter of 2020, the COVID-19 pandemic affected Xiaomi’s global operations to varying degrees. In April and May 2020, several of the Group’s key markets implemented strict lockdown measures and the sales were greatly impacted. As business restrictions were gradually lifted, sales have recovered tangibly.

In India, strict lockdown measures were imposed starting in late March and our sales were significantly impacted during the lockdown period. As India gradually lifted the restrictions during the second quarter of 2020, consumer demand started to rebound. In July 2020, excluding India, the average daily number of overseas smartphone activations had reached 120% of the pre-pandemic level recorded in January.

>>>

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 Internet of Things (IoT) platform at its core.

With an equal emphasis on innovation and quality, Xiaomi continuously pursues high-quality user experience and operational 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 leading consumer IoT platform, with 271 million smart devices connected to its platform, excluding smartphones and laptops. Xiaomi products are present in more than 90 markets around the world.

In August 2020, the company made the Fortune Global 500 list for the second time, ranking 422nd, up 46 places compared to last year. It also ranked 7th among internet companies on the list. In May 2020, the company made the Forbes Global 2000 List again, and its ranking jumped to 384th.

Xiaomi is a constituent of the Hang Seng Index, Hang Seng China Enterprises Index and Hang Seng TECH Index.

For more information about the company, please visit https://blog.mi.com/en/.

 

August 16 is a special day for Xiaomi — an open letter

Please scroll down for the Simplified Chinese version. 简体中文版本请见下方。

 

An open letter from Lei Jun (雷 军), Founder, Chairman and CEO of Xiaomi on the company’s plans in the next decade

 

Dear Xiaomi colleagues,

August 16 marks the 9th and 10th birthdays for Xiaomi’s first smartphone and first generation of MIUI operating system respectively. On this particular day, we would like to share a few important announcements regarding our next decade.

Firstly, over the next decade, Xiaomi will have an upgraded core strategy “Smartphone X AIoT”.

From the very beginning, our dream has been to “make the world’s best phones and sell them at half the price, so that everyone can afford them.”

Over the past decade, the smartphone business has been our core. In the foreseeable future, as a personal smart device with the single most significant market size, smartphones will continue to serve as a personal mobile computing hub for everyone. It is a control center with which everyone frequently interacts, and an accompaniment that stays with everyone. Smartphones are critical to our success, and is a cornerstone for our business model.

As such, I want to call on every Xiaomi colleague to show their utmost courage and determination, two values necessary for us to conquer this battlefield. In the meantime, our AIoT business will revolve around smartphones to build up a smart living ecosystem, amplifying our company’s reach.

As intelligent connectivity becomes more integrated into our lives, our “Smartphone X AIoT” core strategy will reap synergistic benefits. The relationship between our core smartphone business and AIoT ecosystem will be mutually beneficial, bringing about symbiotic changes beyond incremental benefits. Our AIoT business will help our smartphone business expand into more application scenarios, winning the hearts of more users, and eventually creating economic moats for our business model. This will truly let everyone in the world enjoy a better life through technology and make us truly lead the future way of living.

Secondly, the “three guiding principles” we will stick to over the next decade.

From our earliest days to becoming the youngest Fortune Global 500 company, we have achieved one miracle after another. Facing our next decade, when the world is faced with uncertainties and we are facing some unresolved issues as well as highly intense competition, how do we move forward and thrive?

Five days ago, I highlighted in my speech delivered in commemoration of the company’s 10th anniversary, that we will resolutely stick to “three guiding principles”:

  • We will never cease to explore and innovate, and bring everyone the most innovative technologies.
  • We will continue to offer products with the best price-to-performance ratio.
  • We will seek to make the coolest products.

We firmly believe that no matter what, the pursuit of technological innovations will always be the prerequisite for Xiaomi’s competitiveness; offering amazing products at accessible and honest prices is an evergreen strategy throughout economic cycles; and making the coolest products is inherent to our engineering culture. These three principles guarantee Xiaomi’s high quality growth ahead, and are our manifesto for the next decade.

Thirdly, over the next decade, we will be a start-up once more with a “Partnership Program” and the “New Decade Entrepreneur Program”

Since its early days, Xiaomi has set up a start-up and partnership culture. Over the past decade, we have attracted a lot of talents, resulting in a diligent and highly capable start-up team, energizing our fast growth with remarkable achievements along the way.

In the upcoming decade, we will once more become a start-up, and continuously replenish our talent pool to form strong teams. With this strong ownership and sense of dedication, we will pass down our engineering culture, our core values of sincerity and passion, and our keys to success in the internet era — Dedication, Perfectionism, Word-of-mouth and Agility. These talents will also be leading Xiaomi to explore other uncharted areas, and renew the company’s drive to carry our dreams into the future.

As a result, we are expanding our partner team to include those excellent colleagues with a strong sense of duty, a great sense of responsibility, unbeatable track records and performance, and a high recognition of Xiaomi’s culture and core values, to share benefits and shoulder risks together.

Just now, new members of this partner team took the oath and officially started their positions:

Mr. Wang Xiang (王 翔), President of Xiaomi Group, he joined the company in July 2015.

Mr. Chew Shou Zi (周 受资), Senior Vice President of Xiaomi Group, and President of International, he joined the company in July 2015.

Mr. Zhang Feng (张 峰), Vice President of Xiaomi Group, Chief of Staff, and Chairman of the Group Procurement Committee, he joined the company in September 2016.

Mr. Lu Weibing (卢 伟冰), Vice President of Xiaomi Group, President of China Business, and General Manager of Redmi, he joined the company in January 2019.

The new Partnership Program is not only a corporate-level decision making body, but also an inheritance of the company’s culture and values, as well as its internet mindset. With new partners, we will improve the company’s core management skills, increasing our strategic capability and operational vitality in the next 10 years. In addition to the five partners we have, we appointed four new ones today, this nine-strong team will be an engine that drives the company forward and upward.

Besides the Partnership Program, we have also kicked off the “New Decade Entrepreneur Program”. A total of 100 highly capable, potential, and best-performing colleagues who represent Xiaomi’s mission, visions and core values will be selected and rewarded with an early entrepreneur package, an incentive aimed at encouraging them to dedicate with an entrepreneurial spirit and bring the company to new levels in the upcoming decade.

A famous proverb says, “If you want to go fast, go alone. If you want to go far, go together.” We have to be consistent in introducing, spotting and nurturing new talents to form a capable, ambitious, empowered, and responsible team, laying the foundation for our continuous growth. We will offer all levels of talents the freedom to grow and the rewards to match, so that every colleague can live up to the full potential.

Over the next decade, we are sure that Xiaomi’s successful journey ahead will be due to our new wave of talents.

Dear colleagues, we must believe in ourselves, and make the fullest efforts to realize our hopes and dreams in the future!

>>>

816日是一个重要的日子

小米集团创始人、董事长兼首席执行官雷军公开信

各位小米同学:

8月16日是小米手机九周年和MIUI十周年的生日。在这个特殊的日子里,关于小米新十年我想向大家宣布几件大事。

首先,下一个十年,小米的核心战略将升级为手机 X AIoT”

小米梦想的起点就是“做全球最好的手机,只卖一半的价钱,让所有人都买得起”。

十年来,智能手机始终是小米最重要的核心业务。在可预见的未来,智能手机依然是最强大的个人移动计算中心,陪伴用户时间最长、交互最为频繁的控制中心,也是市场规模最大的电子设备。智能手机是直接关系到我们事业成败的核心业务,是我们的商业模式持续成立的基石。

因此,全体小米人要拿出无畏的勇气、必胜的信念,坚决攻下智能手机主战场。与此同时,AIoT业务将围绕手机核心业务构建智能生活,做小米价值的放大器。

在智能互联进一步融合的当下,“手机 X AIoT”的核心战略,会更强调乘法效应。手机核心业务和AIoT生态布局,不再只是简单的加法,也不是简单的并列关系,而是能引起质能转化的方程式。AIoT业务要成为手机业务的催化剂、助燃剂,渗透更多场景、赢得更多的用户,成为小米商业模式的护城河,真正让全球每个人都能享受科技带来的美好生活,让小米真正成为未来生活方式的引领者。

第二,下一个十年,我们永不更改的三大铁律

从一碗小米粥到最年轻的世界500强,我们取得了一个又一个奇迹。在新十年开启之际,当今世界充满了不确定性,我们处于竞争烈度最强的赛道,自身还有很多有待解决的问题,未来的路要如何走?

五天前,我在小米十周年公开演讲时已经提到了——未来我们要继续坚持小米永不更改的“三大铁律”,即:技术为本、性价比为纲、做最酷的产品。

我们坚信,不论时空如何变幻,技术创新是我们不变的追求,是始终保持竞争力的前提;性价比是永不过时的商业模型,它背后的高效是穿越经济周期的法宝;做最酷的产品是小米工程师文化的本分。“三大铁律”就是小米保持高质量发展的保障,是我们面向下一个十年的宣言。

第三,下一个十年,重新创业,小米将实行合伙人制度新十年创业者计划。

小米创立以来,就一直坚持创业文化和合伙人文化。十年来,这种文化吸引了大量杰出的人才,凝聚起以公司使命为己任、锐意进取的创业团队,激励和驱动着公司高速发展,取得了举世瞩目的成绩。

新的十年,我们将重新创业,更需要强大的团队和源源不断的杰出人才,怀着强烈的主人翁意识,以勇猛精进、舍我其谁的心态,将小米浓厚的工程师文化、真诚热爱的价值观、“专注、极致、口碑、快”的互联网方法论薪火相传、发扬光大,带领小米勇猛开拓、一往无前。

因此,我们决心扩大合伙人队伍,让更多具有使命感、责任心,且战功卓著、德才兼备、高度认同并践行小米文化价值观的杰出伙伴,成为小米合伙人队伍的一员,和公司共担风险、共享利益。

就在刚刚,合伙人团队新成员已正式宣誓就任,他们是:

王翔,集团总裁,2015年7月加入小米。

周受资,集团高级副总裁、国际部总裁,2015年7月加入小米。

张峰,集团副总裁、集团参谋长、集团采购委员会主席,2016年9月加入小米。

卢伟冰,集团副总裁、中国区总裁、Redmi品牌总经理,2019年1月加入小米。

小米的合伙人制度是集团核心事项的集体决策机制,更是小米文化价值观和互联网方法论的传承机制。新合伙人的加入,将大大增强小米下一个十年的战略牵引力和行动耐久力,为小米新征程提供更强有力的核心管理保障。依然在岗的5位创始合伙人,加上4位新合伙人,9人的合伙人团队将带领集团继续前行。

除了合伙人制度,小米“新十年创业者”计划也已同时启动。我们将选拔百位认同小米使命、愿景、价值观,有能力、有潜力、并且在核心岗位有突出战功的年轻干部,给予类似早期创业者的回报,激励他们以创业者心态和投入度,和公司共绘未来十年的美好蓝图。

一个人可能走得快,一群人才能走得远。持续不断地发掘、引进和培养人才,组建有能力、有抱负、有冲劲、有担当的人才梯队,是我们事业能够永续发展的根本。小米将持续会为各个层级优秀人才提供充足的空间和丰厚的回报,让每一位同事都能大展身手。

 

小米下一个十年,将是一部英雄辈出、将星璀璨的传奇。

小米同学们,在未来的征途里,相信自己,一往无前!

Turning moment for TV industry: Xiaomi Unveils Mi TV LUX Transparent Edition 

World’s first mass-produced transparent TV priced at RMB 49,999

Beijing, CHINA, Aug 11, 2020 – Apart from the unprecedented Mi 10 Ultra and Redmi K30 Ultra, Xiaomi’s third big drop during its 10 year anniversary launch event was the Mi TV LUX Transparent Edition. 

Mi TV LUX Transparent Edition is the world’s first mass-produced transparent TV. With an edge-to-edge transparent self-luminous display transmitting images that seem to be suspended in the air, this TV ushers in a new way to consume visual content previously only seen in science fiction films. Mi TV LUX Transparent Edition is priced at RMB 49,999, and official sales start at 10:00 on the morning of August 16.

World’s first mass-produced transparent TV

Mi TV LUX Transparent Edition offers a perfect combination of cutting-edge display technology and exquisite industrial design. For Xiaomi, it is also a major exploration of future TV forms. When Mi TV LUX Transparent Edition is turned off, it looks like a mere glass display. The pictures it displays seem to be floating in the air, merging the virtual and the real to bring an unprecedented visual experience.

Unlike traditional TVs that come with a back panel, Mi TV LUX Transparent Edition creatively embeds all the processing units in its base stand, preserving the compact shape of the screen and in the meantime brings about countless technical challenges. 

Having overcome all those difficulties, Xiaomi has become the world’s first mass producer of transparent OLED TVs, as well as China’s number one OLED Basic Module (OBM) manufacturer. That means Xiaomi is currently the only TV brand in China capable of individually handling the mass production process of a product as complex as Mi TV LUX Transparent Edition.

Pictures floating in the air with a stunning display  

Apart from its futuristic design, Mi TV LUX Transparent Edition is also equipped with flagship-level hardware that achieves groundbreaking upgrades in both sound and picture quality. 

Its 55″ transparent OLED panel features a 150000:1 static contrast ratio and an infinite dynamic contrast ratio, offering extra rich blacks and unmatched brightness. Leveraging its DCI-P3 93% color spectrum support, Mi TV LUX Transparent Edition is capable of restoring the awe-inspiring colors that bring images to life. Its 10-bit panel displays 1.07 billion color combinations, an extra-wide color spectrum far beyond what the human eye can perceive. 

On top of that, the TV comes with a 120Hz refresh rate and 120Hz MEMC technology, providing consumers with smoother and clearer motion representation. The 1ms fast response rate also makes gaming truly lifelike with smooth controls and low latency. 

Similar to its predecessor, Mi TV LUX Transparent Edition is also equipped with an AI Master Smart Engine, along with the MediaTek 9650 custom-made TV chip, with over 20 optimization algorithms and dedicated optimization for 5 major use scenarios, the device intelligently refines graphic resolution to create vibrant pictures. 

Mi TV LUX Transparent Edition also supports AI Master for Audio allowing the device to intelligently detect the type of content playing and choose a fitting audio mode from a list spanning movies, music, newsfeed, sports, and others. The device takes audio performance a notch higher with  Dolby Atmos®️ support. 

Not a TV, but an art piece, Mi TV LUX Transparent Edition adopts an aesthetic design that combines a 5.7mm ultra-thin body rectangular screen and a round base, creating an ultra-immersive viewing experience. The base stand is covered with a millimeter-grade finish that resembles compact discs blending perfectly into any surroundings. The TV is perfect not only for homes, but also for galleries, museums, shopping malls, and theaters.

Mi TV LUX Transparent Edition runs on custom-made MIUI for TV. The user interface – including the Home page, Settings, My App – is specifically designed to better demonstrate the visual features and strength of the transparent screen, creating a unique user experience. The system also supports Always-On display and allows users to customize display images and texts. 

Mi TVs have been ranked at the top for shipments for six consecutive quarters from Q1 2019 to Q2 2020*. In the past seven years, Mi TV business has grown from an industry newcomer to the first Chinese TV brand with annual shipments exceeding 10 million units.

With its minimalist design and flagship configurations, Mi TV LUX Transparent Edition is a work-of-art that represents Xiaomi’s relentless pursuit of technological excellence.

*Data acquired from AVC

Find more product images here: Mi TV LUX OLED Transparent Edition

Redmi Launches K30 Ultra: 10th Anniversary Flagship-level 5G Smartphone

Beijing, CHINA, August 11 – Redmi officially launched a new K-series flagship smartphone, Redmi K30 Ultra. The device comes with a full suite of flagship must-haves: MediaTek Dimensity 1000+ 5G processor, 120Hz AMOLED full screen display, 64MP quad-camera, and a dual stereo speaker. Redmi K30 Ultra is priced from RMB 1,999 and goes on sale from August 14.Watch and listen: Flagship-level 120Hz refresh rate and dual stereo sound speakers

Redmi K30 Ultra offers a stunning full-screen viewing experience for reading, gaming, and watching videos. The pop-up front camera ensures no notches blemish the front display, allowing 92.7% coverage.

The display is crafted from Samsung E3 AMOLED material that allows efficient battery use while boasting up to 1,200nits of brightness. With 5,000,000:1 contrast ratio, 100% coverage DCI-P3 color gamut, and HDR10+ support, the device guarantees a vivid and colorful viewing experience. The display supports 120Hz refresh rate and 240Hz touch sampling rate, enabling ultra smooth and responsive high frame-rate gaming and video viewing. The device also optimizes battery consumption by automatically switching between 60Hz/120Hz frame rates.

Redmi K30 Ultra’s automatic brightness adjustment is smoother and more accurate than ever, powered by a 360° light sensing technology.

Redmi K30 Ultra is also the first Redmi smartphone to adopt a dual stereo speaker, outputting impressive stereo sound for a truly immersive experience.

Flagship-level performance: MediaTek Dimensity 1000+ processor and 5G dual carrier aggregation technology

Redmi K30 Ultra is powered by a MediaTek Dimensity 1000+ 5G flagship processor with a 7nm process and the latest high performance ARM Cortex-A77 and Mali-G77 cores. It has been given an AnTuTu score of over 530,000.

The smartphone boasts outstanding AI functionality with a six-core independent APU 3.0 composed of a combination of large and small cores that enable accurate adjustment for more application scenarios. The handset efficiently balances computing power with power consumption, and flexibly processes AI-based tasks. Redmi K30 Ultra has been ranked first in the ETH Zurich AI-Benchmark ranking.

Running on dual Hyper Engine 2.0 and Game Turbo optimization engines, Redmi K30 Ultra is a perfect fit for most games on the market, ensuring rapid, responsive and frictionless gaming experience.

Redmi K30 Ultra supports the most advanced network communication technology currently available in Mainland China – SA/NSA dual mode 5G networks. It is one of the first smartphones in the world to support dual 5G standby. Combined with Redmi’s smart dual-SIM switch function, this allows the smartphone to be connected to the fastest 5G network available at all times. On top of that, Redmi K30 Ultra’s 5G dual carrier aggregation technology, not only effectively doubles 5G network speeds1 but also expands the range of 5G signal reception.

The device is able to intelligently match its network utilization based on the usage loads, dynamically optimizing the network. On top of that, it retains a stable and fast 5G connection in tricky environments such as elevators, trains and undergrounds through targeted network tuning. 

With a 3,495mm² ultra-large area vapor chamber along with a graphene + graphite 3D heat dissipation system, Redmi K30 Ultra ensures stable performance even after long usage.Stunning photography: 64MP quad camera and Audio Zoom

Redmi K30 Ultra is fitted with a quad rear camera system, consisting of a 64MP high resolution main camera, a 13MP ultra-wide angle camera, a 5MP telemacro camera, and a 2MP portrait depth sensor.

The 64MP high resolution main camera supports four-in-one 1.6μm large pixels, allowing the hardware to combine four smaller pixels to output 64MP ultra-clear images with large pixels. Meanwhile, the 119° ultra wide-angle lens makes room for stunning landscape snaps, while the portrait depth sensor lens combined with the main camera takes beautiful portraits with natural background blurring.

The telemacro lens boasts a 50mm equivalent focal length, twice the length of the standard smartphone macro lens on the market. It allows images to be taken from much further afield than usual while avoiding disturbance to the objects being photographed. This significantly increases the number of scenarios in which the macro lens can be used.

For videos, Redmi K30 Ultra comes with Audio Zoom support. Unlike ordinary dual-mic phones, Redmi K30 Ultra has three microphones, which allows it to “zoom” in on the sound along with the image and capture clear audio even from further away, considerably improving sound reception during filming.

Redmi K30 Ultra enables a myriad of creative photography functions based on its AI capabilities, such as AI Skyscaping and Photo Clones. Photo Clones allows users to take fun surreal photos at any time with no post editing required. The AI Skyscaping feature captures a section of the sky in the photo and allows users to switch and edit it with one tap to create high-quality beautiful images regardless of weather conditions and location.Full flagship experience: 4,500mAh large capacity battery, 33W fast charging, linear motor

Equipped with a large 4,500mAh capacity battery, Redmi K30 Ultra easily gets through a full day of use. With 33W fast charging, the smartphone can go from low to full battery within just one hour2.

NFC support ensures convenient contactless experience allowing users to get rid of their door fobs, transport cards, and bank cards. 

Redmi K30 Ultra is equipped with a full suite of flagship-level configurations, sporting a linear motor producing rich vibrations and quick reactions, an IR blaster, that can turn the device into a remote control for traditional household appliances, and an in-screen fingerprint sensor for extra security.

Redmi K30 Ultra comes in three colors: Moonlight White, Midnight Black, and Mint Green. The device also comes in four storage variants: 6GB+128GB, 8GB+128GB, 8GB+256GB and 8GB+512GB, priced at RMB 1,999, RMB 2,199, RMB 2,499 and RMB 2,699 respectively.

Redmi K30 Ultra will be available for purchase on August 14th through all official Xiaomi channels in Mainland China.

Quick Specs:

Redmi K30 Ultra
Display 6.67” AMOLED ultimate Full Screen Display

2400×1080 FHD+ display

120Hz refresh rate

240Hz touch sampling rate

Contrast ratio: 5,000,000:1

Brightness: 800nit (Typ)/1,200nit (HBM)

360° triple ambient light sensor

Dimensions 163.3 x 75.4 x 9.1mm, 213g
Colors Moonlight White, Midnight Black, Mint Green
Connectivity SA/NSA, Dual 5G standby3

Wi-Fi 6, 5G MultiLink

Multifunctional NFC, IR blaster

Processor MediaTek Dimensity 1000+ 5G processor

7nm processing

Storage 6GB+128GB, 8GB+128GB, 8GB+256GB, 8GB+512GB
Rear Camera 64MP+13MP+5M+2MP quad camera

64MP high-resolution main camera

1.6μm 4-in-1 Super Pixel

13MP 119°ultra wide-angle camera

5MP telemacro camera

2MP depth sensor

Front Camera 20MP pop-up front camera

Supports 120fps front slow motion

Multi-color notification light

Drop protection 

Security In-screen fingerprint sensor
Battery & Charging 4,500mAh(typ) battery

33 watts fast charge

In-box charger: 33W

USB Type-C

Audio Dual stereo speakers

Hi-Res Audio certification

Audio Zoom

Motor Z-axis linear vibration motor

Product images are available here.

1 Depends on operator network support.
2 Data acquired through Xiaomi internal test.

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 an equal emphasis on innovation and quality, Xiaomi continuously pursues high-quality user experience and operational 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 leading consumer IoT platform, with 252 million smart devices connected to its platform, excluding smartphones and laptops. Xiaomi products are present in more than 90 markets around the world.

In August 2020, the company was ranked 422nd on the Fortune Global 500 list of 2020, one year after it made to the list as the youngest company for the first time. In May 2020, the company made the Forbes Global 2000 List again and its ranking jumped to 384th.

A Decade of Innovation: Xiaomi Launches Record-setting Mi 10 Ultra

Industry-leading flagship and Xiaomi’s most powerful offering to date with unprecedented 120W fast charging

Beijing, CHINA, August 11 – Founder and CEO of Xiaomi Lei Jun delivered a speech at the Xiaomi Science and Technology Park, during which he announced the official launch of Mi 10 Ultra. The groundbreaking flagship debuts numerous revolutionary features, including 120x AI super zoom, 120Hz refresh rate with 10-bit color depth, as well as a triple fast charging structure including 120W wired, 50W wireless and 10W reverse wireless charging. With 130 points for audio and image quality awarded by DXOMARK, it sports one of the best smartphone cameras in the world. Mi 10 Ultra will be available for purchase in Mainland China from August 16 starting at RMB 5,299.

Ultimate photography: World’s first 120x AI super zoom, DXOMARK top-ranked low-light telephoto camera

Setting an important milestone for Xiaomi on smartphone photography, Mi 10 Ultra is fitted with an unprecedented 120x AI super zoom camera. The Sony IMX586 image sensor, guarantees outstanding video and photo shooting capabilities, supporting 8K videos and capable of taking beautiful night shots that highlight details without overexposure even in low lighting thanks to 1.6μm four-in-one Super Pixel. Meanwhile, the periscope camera’s optical image stabilization (OIS) effectively reduces image blurring, allowing users to take stunning extra clear photos. This camera also supports a viewfinder mode – when the zoom exceeds 15x, a small preview window is added to the screen to enhance the experience of using the ultra-zoom camera.

Mi 10 Ultra is equipped with a custom-manufactured 48MP ultra-large pixel main camera that adopts 1/1.32-inch sensor and features a pixel size up to 1.2μm, which with four-in-one pixel binning can be enhanced to reach 2.4μm. These features ensure outstanding light sensitivity that allows the camera to maintain excellent image quality under any lighting condition. With a 8P lens, OIS and 8K video support, Mi 10 Ultra offers both professional and casual photographers an excellent user experience. The custom-made main camera debuts Dual Native ISO Fusion dynamic technology, while also coming with chip-level HDR, and HDR10 video capture, enhancing the dynamic range and color gamut of videos while reducing HDR ghosting. 

Besides the powerful main and telephoto cameras, Mi 10 Ultra also sports a flagship 128° ultra-wide angle lens and a classic portrait lens that are perfect for landscape, architecture, group, and portrait photography. The ultra-wide angle lens boasts a 20MP sensor and 12mm equivalent focal length, while the portrait lens carries a 12MP sensor and supports 2x optical zoom with a 50mm focal length.

Mi 10 Ultra’s photography and video shooting capabilities are currently  the best in the market, evidenced by its status as the highest-ranked smartphone by DXOMARK with 130 points.

Ultimate charging: 120W triple charge composition sets new pace for fast charging

Building on a legacy of innovation in charging technologies, Mi 10 Ultra sets an industry first by introducing the latest generation of Mi Turbo Charge supporting 120W wired charging, 50W wireless charging and 10W reverse wireless charging. 

Mi 10 Ultra is the first mass-produced smartphone equipped with 120W wired fast charging. The device adopts multi-stage step-variable current control technology, supporting three charging modes such as double-pump charging, direct charging and normal charging. It connects two 98.5% ultra-high conversion efficiency charge pumps which greatly decreases the amount of power lost during the conversion process and increases charge efficiency, while preventing overheating and extending high-power charge time. The standard 120W power adapter allows the device to charge to 41% in just 5 minutes, and reach 100% in just 23 minutes1.

Mi 10 Ultra is also the first to have mass-produced 50W wireless charging, capable of powering the device to 100% in just 40 minutes1, a speed that is equivalent to 50W wired charging. It additionally supports 10W reverse wireless charging.

Mi 10 Ultra adopts 34 internal charging safety measures in the device itself as well as in the battery, and the charger to ensure utmost safety. The phone uses the first-ever mass-produced graphene-based Li-ion battery with a capacity equivalent to 4,500mAh. The symmetrical dual-cell series design effectively increases charge speed.

Mi 10 Ultra has received a TÜV Rheinland 3.0 certification for fast charging.

Ultimate experience: 1 billion colors, 120Hz refresh rate, stereo sound

Mi 10 Ultra’s 6.67” curved OLED display reaches 800nits of brightness with 1120nit peak value. With a 5000000:1 contrast ratio and native 10bit color depth support, it can show 1.07 billion vivid colors providing for dazzling image quality. At the same time, its 120Hz display refresh rate and 240Hz touch sampling rate create an ultra smooth user experience.

With JNCD <0.63 and Delta-E <1 color accuracy, the display precisely restores color, which combined with 10-bit color depth results in a rich TrueColor experience that can satisfy even the strict criteria of professional designers.

Front and a back ambient sensors enable Mi 10 Ultra to intelligently gauge light levels from both sides of the device and automatically adjust brightness, greatly improving the precision of the auto-brightness feature.

With a dual speaker system on both the top and bottom, Mi 10 Ultra offers an exceedingly immersive gaming experience, among other things allowing users to identify the location of other players by sound.

Ultimate performance: Triple flagship configuration with Snapdragon 865, LPDDR5, and UFS 3.1

Mi 10 Ultra runs on a flagship Qualcomm® SnapdragonTM 865 chipset, LPDDR5, and UFS 3.1. The device’s vapor chamber cooling system allows it to maintain stable performance even after long use. Mi 10 Ultra broke another AnTuTu record, this time reaching 660,000 points.

Mi 10 Ultra is built for ultimate gaming with a host of innovative gaming modes such as GameTurbo 4.0 which allows users to customize GPU drive parameters such as frame rate, resolution, and more for different games. With its large RAM capacity, the device also supports trial mode – users can download the games directly onto a high-speed memory cache, increasing the installation and launch speed of the game by 40-60%. The game can then be deleted after trialling, freeing up memory and leaving no fragmented files.

Ultimate design: Classic Xiaomi style created in disruptive Xiaomi Smart Factory

The product of 10 years of innovation and craftsmanship, Mi 10 Ultra’s look is a tribute to the sleek classic design that Xiaomi has become known for. It comes in three colors, Obsidian Black, Mercury Silver and Transparent Edition that is decorated with an outline of the device’s interior components.

Mi 10 Ultra is the first premium smartphone model assembled in Xiaomi’s new Smart Factory. The next-generation factory covering an area of 18,600km2 boasts a fully automated production line spanning processes from production management to machine processing, packaging and storage. With an annual production capacity of over 1 million units, the factory is both a production line for some of Xiaomi’s flagship smartphones and a testing ground for high-end products, focusing on new technology development, pre-research projects, benchmark technology development and automation equipment R&D.

Mi 10 Ultra comes in four variants, 8GB+128GB, 8GB+256GB, 12GB+256GB, and 16GB+512GB, priced at RMB 5,299, RMB 5,599, RMB 5,999, and RMB 6,999 respectively. It will be available for preorder with a RMB 100 down payment from 9:30 p.m. Beijing time on August 11, and will be available for purchase from 10 a.m. Beijing time on August 16.

In addition to Mi 10 Ultra, a number of accessories have also been launched, including a Mi 55W Wireless Charging Stand and a Mi 20W Smart Tracking Charging Pad. The Mi 55W Wireless Charging Stand is compatible with all Xiaomi smartphones that support wireless charging. It also supports EPP specifications for fast charging. The Mi 20W Smart Tracking Charging Pad can intelligently detect devices and charge accordingly, even though they are placed randomly. Users can charge two devices consecutively. 

Users in mainland China can purchase the Mi 55W Wireless Charging Stand at RMB 199, and the Mi 20W Smart Tracking Charging Pad at RMB 499. Xiaomi also offers a Mi 100W Car Charger for non-stop power support with a price of RMB 99, and two smartphone cases for added protection. The two case variants priced at RMB 99, and RMB 69 respectively.

Quick Specs:

Mi 10 Ultra
Display 6.67″ OLED TrueColor curved display

19.5:9 aspect ratio, FHD+, 

120 Hz refresh rate

240Hz touch sampling rate

Color contrast ratio: 5,000,000:1 (typ)

800nit (HBM) / 1120nit (typ) 

Gamut: 100% DCI-P3, Color accuracy: ∆E <1.0, JNCD: <0.63

10-bit color depth

TÜV Low-Blue Light Rheinland and HDR10+ certifications

Color Obsidian Black, Mercury Silver, Transparent Edition
Dimensions 162.38 x 75.04 x 9.45mm, 221.8g
Processor Qualcomm Snapdragon 865

KyroTM 585 CPU, Octa-core CPU, up to 2.84 GHz

AdrenoTM 650 GPU

Storage LPDDR5 + UFS 3.1

Variants:

8GB+128GB, 8GB+256GB, 12GB+256GB, 16GB+512GB

Cooling System LiquidCool 2.0 vapor chamber + 6-stack graphite layer +

graphene

Rear Camera  48MP ultra-clear primary camera

1/1.32” super sensor, 2.4μm 4-in-1 Super Pixels

Supports OIS, f/1.85, 8P lens

120x digital zoom telephoto lens

20MP ultra-wide angle 128° camera

12MP portrait lens

Up to 8K 24fps video recording

AI 2.0, Night mode 2.0, ShootSteady video, Vlog mode,

960fps macro slow-motion video

Front Camera 20MP 1.8mm in-display selfie camera

HDR, AI portrait selfies, AI scene detection, portrait video

720p 120fps slow motion video

Connectivity Wi-Fi 6, 5G MultiLink

Multi-functional NFC and IR blaster

USB Type-C

Battery & Charging 4,500mAh (typ) battery2

120W wired and 50W wireless fast charging

10W reverse wireless charging

TÜV Rheinland 3.0 certification for fast charging

Audio Dual stereo speakers

Hi-Res Audio certification

AI noise reduction

Security In-screen fingerprint sensor

Face Unlock

Product images are available here.

Data acquired through Xiaomi internal test.
Two series-connected cells equivalent to 4,500mAh

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 an equal emphasis on innovation and quality, Xiaomi continuously pursues high-quality user experience and operational 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 leading consumer IoT platform, with 252 million smart devices connected to its platform, excluding smartphones and laptops. Xiaomi products are present in more than 90 markets around the world.

In August 2020, the company was ranked 422nd on the Fortune Global 500 list of 2020, one year after it made to the list as the youngest company for the first time. In May 2020, the company made the Forbes Global 2000 List again and its ranking jumped to 384th.

From 10 to infinity

Please find the Simplified Chinese version of this speech below. 该演讲的简体中文版本请见下方。

Speech by Lei Jun (雷 军), Founder, Chairman and CEO of Xiaomi on the company’s 10-year journey

Good evening everyone, welcome you all to tune in to my speech. 

The year 2020 is unusual, and the whole world is faced with enormous challenges.

Various radical changes around the globe are deeply impacting everyone’s life. We are all asking ourselves, “In these highly uncertain times, what am I supposed to do?” 

Everyone is anxious, so am I. But I deeply know that, anxiety won’t help. There’re many variables in this world that we cannot influence, but what can be changed is our state of mind. We’d have to be resolute in bringing about changes, to our moods and states of mind, to better help ourselves actively brace for this ever-changing world. 

I’ve made some changes to myself, in a possibly simplest way, by walking. 

I’d walk every day, and set up a daily goal of walking 10 kilometers, for a trial of one month. For me, this goal was too much and I was not the least bit sure to achieve this. 

But there was nothing to stop me, as much as I walked towards the sun, I’d feel the serenity of mind and the strength of driving me forward. Every extra step I made contributed an additional part to buttressing my passion and courage.

As the small project continued, last month, I recorded 318.11 kilometers in distance.

An exercise time of 1 hour and 50 minutes every day, or a daily distance of 10.5 kilometers. A seemingly unbelievable goal has been reached. 

We all have quite some major refashioning in these times. Xiaomi turns ten years old this year. We were initially planning a grand celebration, but this whole thing was unfortunately canceled due to the pandemic. 

Life still goes on and inevitably needs to be adorned with some ceremonial moments, thus, I’ve decided to deliver a speech to commemorate this anniversary.

In the meantime, I’d also want to give all our friends who care about Xiaomi a full-scale overview.

 

Part 1. Setting sail

Ten years ago, I tented up Xiaomi along with a team of buddies. 

1.1 Our dreams

The domestic mobile phone market landscape then had three major categories of players: the first one, global brand names, including Samsung, Nokia, and Motorola; the second, the domestic “Four Dragons” — ZTE, Huawei, Coolpad, and Lenovo; then the last, copycat manufacturers that also occupied a considerable market share. While domestically manufactured phones lagged so much behind the quality, global giants dominated the Chinese market with products at exorbitant prices.

As a smartphone zealot and an entrepreneur myself, I was not convinced. Although I have never set a single step in the phone industry, our dream was and has been,

to “make the world’s best phones, priced half so that everyone can afford them.”

Making the world’s best phones, by this small Beijing-based tech mill that started from less than a scratch by an industry outsider, was a hard task.    

How could we transform this apparent untrustworthiness into credence?

I proposed a somehow “mind-boggling” idea: all those tech giants are specialized in hardware, how about we make and market smartphones with an internet mindset (using online retail channels, doing minimal traditional marketing, and offering internet services)?

If we could intermingle software, hardware, and internet services, we’d blaze our own trail to success, and pose a disruptive and rule-changing challenge.

I thought a lot about this and came out with a “shortcut”: in the industry back then, Motorola had the best hardware business, Microsoft, the best software, and Google the best internet services, assuming if we could gather the best talents from these three companies, then this “triathlon” business model was likely to take shape.

1.2 Sniff around for talents

The first person I approached was Mr. Lin Bin (林 斌), then Vice President of the Google China Institute of Engineering. 

He was thinking of leaving his company position and launching an online music streaming start-up. I told him, “Drop it, join me to do something great.” I drew a piece of napkin this specific chart (“triathlon” business model). It didn’t take him long before he agreed. He then became Xiaomi’s No. 2 employee.

The first talent scout went super smoothly, but it was merely a fluke by accident. In an ensuing tryout to hire ten more Google engineers, none bore fruit. I was so frustrated until the 11th. That 11th candidate would be Mr. Hong Feng (洪 峰), an excellent engineer at Google.

He cascaded three questions on me upon starting our conversation. 

The first question, “Have you made smartphones before?”

“Never.”

The second, “Do you know Wang Jianzhou (王 建宙), (then) Chairman of China Mobile?”

“No, I don’t.”

The third, “Do you know Terry Gou (郭 台銘)?”

“Terry Gou? I know him, not sure if he can say the same about me.”

After three rounds, my thought was that this would go nowhere, but out of courtesy, I still kept leading on the talk for quite a while, if not in a hollow and awkward way. 

Then he concluded: “This does not sound very, solid…but worth a try.”

In that very instant, I breathed a long sigh of relief. “Done!” It felt as if I hit a huge jackpot.

He was the second Google talent I managed to get aboard.

As an outsider who made this interdisciplinary effort in making smartphones, why would people trust you? When I was interviewing those talents, I was being interviewed too.

In the first year, 80% of my time was spent on hunting for talents.

I’ve always heard complaints about the difficulty of finding the right talents. It sure is not easy peasy, but the failure of not having enough suitable talents can only be attributed to a lack of time taken. 

Conclusion:

Talent scouting needs to be filled with the utmost sincerity and eagerness. If three visits to a talent is not convincing enough, make it 30. 

As long as sufficient determination and abundant time are taken, you’ll have a great team. 

Part 2. Braving winds and waves

 

2.1 MIUI anecdotes

All these wonderful and revolutionary things are dated back to April 6, 2010, when a dozen of us shared a pot of millet porridge.

We didn’t have knowledge about hardware, so I picked software that the team was good at, and started with the operating system.

Without our own smartphones to base the development on, no worries, let’s turn to those models by other brands.

The operating system is complicated, no worries, let’s base everything on an open-sourced system. 

It was not long after Android came into being like an operating system; we then became an Android development forerunner in China.

But the operating system is, after all, a system that requires a massive load of work and a sizable team with more than a dozen people.

No worries, it’d be sufficient if we could focus on those heavily used functions and do them right.

They’d be phone call, text message, contact, and desktop —- the four key functions that shaped up the bone structure of a phone back then.

An extremely sophisticated system buildup project was thus highly simplified by us.

It took us only two months before the first version was finalized.

We installed a forum, where we recruited volunteers to flash the ROM of their own devices. It was a touching moment when we saw 100 users willing to bear huge unforeseeable risks and flash their devices to MIUI.

To show our gratitude to these 100 brave users, we integrated their names into the switch-on screen. 

I’d feel proud if I saw my name on the boot screen.

On August 16, 2010, the first version of MIUI was officially launched.

At the very beginning, we had a surprisingly small group of users, only some 100, but super high ratings. 

We did no promotion at all, 100 users during the first week, doubled to 200 in the second week, redoubled to 400 in the third, and redoubled again to 800 in the third.

But actually, MIUI first caught some real attention on September 20, when on XDA, the US-based developers’ forum, a user recommended MIUI with utmost enthusiasm. 

His comment went like: “Whoever they are, these guys have SKILLZ(S).” 

“Has anyone heard about this ROM? It(’)s the MOST INSANE ROM I(’)VE EVER SEEN… It runs SOOO…fast and smooth, and they have COMPLETELY overhauled the UI. It(’)s INSANE,” he wrote.

Upon reading this comment, you would guess how many joyful surprises MIUI first version brought and the level it reached.

A small start-up team thus received lots of compliment for making a phone operating system driven by the internet mindset. This internet methodology has since been well known. 

Since then, MIUI has become trendy in the tech-savvy circle around the world. As a follow-up, users started to voluntarily build up local versions of Mi Community in all the countries and regions, where MIUI versions in different languages were developed, and efforts were taken to adapt this system to different models. A widespread global campaign took shape, with seeds of Xiaomi’s globalization sown.

This was the origin of our Mi Fan culture.

In less than a year, the number of MIUI users exceeded 300,000.

Conclusion:

Our keys to success in the internet era — Dedication, Perfectionism, Word of mouth and Agility. 

2.2 How did we start making phones?

2.2.1 How did we make Sharp our display supplier?

After lots of effort, we built up the best hardware team we could find, and happily started making phones, finally. 

But our optimism was dampened immediately by a huge setback, that good supply chain partners were impenetrable. 

The best components from the best supply chain would be needed for making the best phones. For example, we wanted to use the then best display parts from Sharp, but they didn’t even look at us on our first round of trial. Then I realized leading supply chain companies would never weigh their cooperation by money from a mini-mill like ours.

I mobilized my thorough network to bridge contact with Sharp by detouring through Kingsoft’s Japan branch, from where a thread was pulled to Mitsui Group, then a senior management member helped us nail down a chance to communicate directly with Sharp’s headquarters. A meeting was scheduled for March 26.

A serious incident happened in between: on March 11, 2011, a devastating earthquake rattled Japan, followed by the nuclear accident, when the whole world was keeping a close eye on the situation.

Sharp is headquartered in Osaka, little impact directly, but the accident still caused global panic over possible fallouts. We were very determined to board the flight for Osaka for this hard-earned talk with Sharp’s senior management team. Three co-founders including me took this trip.

When we were on board, we found there were only three names on the passenger manifest, us three. When we reached Sharp, the whole office building looked empty, and we were the only guests. 

This is how we made it with our sincerity.

We had a really tight schedule, I only managed to find one photo which shows Mr. Liu De (刘 德) downstairs of Sharp building.

2.2.2 Birth of RMB 1,999 pricing

Every Mi Fan knows the number related to our first-generation smartphone, which was priced at RMB 1,999.

But what you don’t know is that we were planning for a price of RMB 1,499. If 1,999 wowed people, 1,499 would probably cause a frenzy.

Mi 1 (Xiaomi Phone) had an initially planned cost of RMB 1,500 per unit, and then we sold it at a cost price estimated at RMB 1,499. And we boldly forecast a sales volume of 300,000 units.

But in August 2011, I was told of something jaw-dropping by the team that we faced overspending. The cost stood at around RMB 2,000 per unit, RMB 500 over the original plan.

The reason? We joined hands with all premium suppliers. Building collaborations would be much harder if we did not beg them, let alone price negotiations.

If we continued to price it at RMB 1,499, an estimated loss of RMB 200 million would surface. What should we do?

I went to discuss with shareholders, trying to assuage my anxiety, “For an outsider like you, this is the price of an entry ticket to get in the playground.”

This entry ticket was too expensive that insomnia beat me over for several nights consecutively.

Could we try raising the retail price to RMB 1,999?

None of us had the answer. With domestically made smartphones priced at RMB 700 on average, would our RMB 1,999 starting price fail big time?

We then took a laissez-faire approach. We would never know the answer without at least trying.

The launch event was at 2PM, August 16, 2011. One day before the launch, we were seriously worried we would mess this up without selling out a single unit.

When I arrived at the venue, there was a big crowd, so big that I couldn’t even squeeze myself. Our Mi Fans were super passionate.

I ended up calling four colleagues for help, and they forced my way in.

I was only seated five minutes before the event started when Mr. Li Wanqiang (A-Li, 黎 万强) rushed to me: “The crowd is getting bigger by the minute. I’m worried about the worst-case scenario. Can we start now?”

That was Xiaomi’s first launch event, also the only one in history that started 5 minutes earlier than scheduled.

I was a bit nervous when doing the presentation on stage. Then I announced this price 1,999, nervously. The audience burst into a half-minute long tide of applause with festivity. My nerves got eased. “It looks like we made it.” We recently found a video clip chronicling that scene.

After the launch, 300,000 online preorders were placed in the first batch.

We were both motivated and bothered by this huge amount of orders. We did not have enough funds, or production capacity.

We were a small tent, no period of credit was allowed by our suppliers. All the productions had to be paid upfront.

The first batch of devices to be produced was 300,000 units, a number in the astronomical unit.

So, our products were popular, we faced a short supply, and immediately we were tagged with the “hunger marketing” label.

The first generation of Xiaomi Phone (Mi 1) registered a sales volume of 7 million units. It was a miracle. Absolutely.

 

2.2.3 First-generation Redmi is not the Redmi planned

I was not the least bit satisfied with the first-generation Redmi, so we decided to start this all over.

Here vaporized the R&D spending of RMB 40 million.

The first-generation Redmi you all have seen was actually the second generation, codenamed H2.

On July 31, 2013, Redmi phone was launched officially.

We borrowed a meeting room at Kingsoft’s office building. No interior design was made except for a single backdrop board. This was the most frugal launch event in Xiaomi’s history.

But it brought a considerable momentum that rattled the whole industry so much to the point that the stock price of Kingsoft even rose the following day.

The popularity surrounding first-generation Redmi was far higher than expected, it was phenomenal to have sold 44.6 million units in total. 

Behind the big success from Xiaomi’s phone business were several hard choices made, 

Should we visit Sharp?

Should we raise the price from RMB 1,499 to RMB 1,999?

Should we terminate the almost ready first-generation Redmi and start all over?

Behind each of these bore one or several huge risks.

Conclusion:

Every success story is a story about risk. 

We will only have to brace for the risks and make a decisive call. 

 

2.3 Everyone learns a lesson from Xiaomi

Xiaomi’s high popularity also brought about a bewildering exhibition of extreme sentiments. Many strived to learn from Xiaomi.

During that period that many internet mindset-driven smartphone makers popped out. I didn’t really know how they learned from us until Mr. Wang Xiaoyan (王 晓雁), Founder of Small Chili, joined Xiaomi. During an internal seminar, he shared how he tried hard to learn, making us all laugh.

 

2.4 Our broad and inclusive ecosystem       

While Wang Xiaoyan learned by himself, an army of start-up entrepreneurs and business people came to visit us for the experience. We have also been willing to disclose our entire model, hoping to offer help to more entrepreneurs, and push forward the reforms in more industries with our model. In 2014, we started this “Ecosystem plan” to incubate more start-ups.

Let me give you an example of how we did this. Back then, vast flocks of Chinese tourists went to Japan for a shopping spree of rice cookers and toilet seat covers. It hit the headlines as a social phenomenon. It also perplexed me. A decision was instantly made: we will incubate a start-up specialized in developing high-end rice cookers. After doing research for one year and a half, our rice cooker was successfully introduced, creating a great splash. 

A Japanese TV network even bought some units and compared them with some of the highest-end rice cookers sold in Japan. In the blind taste test, we won the most votes from local participants at a ratio of 6 to 4. Our rice cooker was priced one-fifth of those with similar functions retailed in Japan. Afterwards, our rice cookers are also available in Japan and they have become very popular. 

Over six years, we have incubated over 100 ecosystem companies and marketed over 1,000 products deeply loved by our users.

Part 3. Winding along ridges and peaks

 

3.1 A bet with Madame Dong Mingzhu (董 明珠)

That was a promising period of time. Looking back, I also did many silly things, for example, having a bet with Madame Dong Mingzhu. 

On December 12, 2013, the Chinese state broadcaster CCTV bestowed upon me an honor to be one of the annual figures in economy and business. It was the most prominent public award a Chinese entrepreneur could get. Madame Dong Mingzhu from Gree Electric Appliances Inc. was also elected. In the backstage area, an on-site director arranged my stage presence with Madame Dong and nudged us to help stir up the atmosphere. That staffer also said, in the previous year’s gala, Mr. Ma Yun (Jack Ma, 马 云) bet with Mr. Wang Jianlin (王 健林), that deal created lots of trend topics. All of a sudden, I knew what he wanted. Gree, with over 30 years of history, then represented China’s booming manufacturing industry, while Xiaomi, a small company aged 3, showed the vibrancy of the new economy, it would naturally accentuate the comparison if putting these two together. So I hinted to Madame Dong, “How about we make a bet too? Shall we set the wager at RMB 1 over the possibility of Xiaomi’s annual revenue surpassing that of Gree in five years?” I thought it was merely a joke to make us both feel at ease. Gree was gigantic, with a revenue of over RMB 120 billion, while Xiaomi was at RMB 20 billion, which was barely enough to fill Gree’s hundreds and tens digits. Madame Dong agreed, breezily.

Then, everyone knows what exactly happened. On stage, she announced that a bet of RMB 1 billion would be sufficient. At that moment, I was a bit confused, “That’s not how the script is written…” A stake of RMB 1 was for making everyone happy; however, RMB 1 billion was a total overstatement. As expected, our discussion, broadcast on live, was spread across the country and became a hot topic inarguably. This also propelled some internet users to educate me on the illegitimacy of this deal. “Gambling with a large wager. You are suspected of breaking the law.” I knew it was a joke, so did everyone else except Madame Dong, who had since cared for us on various occasions now and then. 

Such an intense level of care was a sweet burden. If you were me, what do you think I should’ve done? 

After that episode, whenever Madame Dong and I showed up in the same event, our dearest media friends would start a photo-shooting spree at both of us, from all possible angles. 

You wouldn’t imagine how popular we were among photographers.

Since everyone was so eager to validate this bet, we also had to show our serious attitude. 

Our revenue soared from RMB 20 billion to RMB 174.9 billion, a significant increment of almost 800%. I think this was a miracle and I am satisfied. Gree’s revenue increased from RMB 120 billion to RMB 198 billion in five years, up 60%, it was phenomenal.

However, we lost, eventually.

Dramatic enough, the next year after this bet was over, we won.            

Whenever I recall this bet, I’m more regretful than ever. Until recently, I have finally come through this. In that year, we were in a speedy development, so were our confidence and ego leading us to pick a “gambling” with Madame Dong. Before long, Xiaomi was mired in challenges from its fast growth. Through this bet, I furthered my understanding about manufacturing, and about Gree too. It truly is the epitome of the Chinese manufacturing industry and worth all of us learning from. 

 

3.2 Falling at a low ebb

Starting from 2015, the supercharged growth from the start concealed many problems, which were imploded all out.

In the smartphone industry, there had been no precedent of managing to turn the table after the sales volumes plummeted. Xiaomi, at that time, was at the intersection of life and death.

The situation was so austere that I had to take over the Smartphone Department myself. 

The whole course was arduous. Also, that was when I was the most stressed out. I always got to work at 9 AM and was still in back to back meetings until midnight. A total of 23 sessions, this number was counted from one of those my days with the most meetings. It was unbelievably tiring.

 

3.3 The premium flagship Mi MIX series

On October 25, 2016, we launched the Mi MIX phone. When we turned on the Mi MIX screen for the first time during the launch event, it wowed everyone. 

Three of the world’s renowned design museums even included Mi MIX phones in their collections. 

“Mi MIX, as a leader in design, sets trends for future smartphones,” commented the curator of the National Design Museum in Finland. Xiaomi spearheaded the full-screen display era we are in. The launch of Mi MIX also marked a prelude for Xiaomi turning the tide. 

MIX originated from some wizard ideas from our engineers at the beginning of 2014. What would the future smartphone be like? After discussions, a conclusion was reached to place a full-screen display on the phone’s front side. The idea of making a full-screen display smartphone was groundbreaking at that time. They resorted to me for inputs, and I initiated this project right away. “That was a marvelous idea. We should not be concerned about its mass production feasibility or our investment in time and cash; we will have to work on it until we finally present this device.”

The success of Mi MIX owes thanks to our invaluable engineer culture. Engineers are our assets. To fully leash our engineers’ capabilities to innovate and explore in uncharted areas, we have set up the Xiaomi Annual Technology Award. This is Xiaomi’s highest honor to core R&D project teams that bring about prominent technological breakthroughs and contributions. USD 1 million worth of stocks will be awarded. 

I’d like to announce a talent acquisition advertisement for our R&D team; as long as you are a tech talent, who is enthusiastic about technologies, we warmly welcome you to join Xiaomi to make your dreams come true.

 

3.4 About product quality

The price to performance ratio is our most potent weapon, also our weakest Achilles’ heel. There is this deeply rooted misperception among Chinese consumers “What is cheap is not good.” This makes us easily misunderstood, and our peer competitors also attack us on the pretext of this. How could Xiaomi secure itself in an unbeatable position in the long journey ahead? We’ll have to bring about amazing products of global quality.

Quality control and improvement is a long, arduous, and dreary procedure. I won’t go much into details.

Your efforts will never betray you. These improvements have earned us lots of awards and accolades, both in China and overseas. In 2019, I received the national top quality and technology award.

Conclusion:

Innovation determines how high we can fly, and quality determines how far we can go.

 

Part 4. Irreversible globalization

 

4.1 RMB 1 billion worth unsold inventory

In the third quarter of 2014, Xiaomi ranked top in terms of shipments in mainland China. We were the world’s No. 3, solely attributable to the volume of our domestic shipments. Investors were very optimistic about our performance and prospects, asking sharply if the Xiaomi model could be replicated worldwide. In June 2014, we entered the Indian market. 

We were formidably peerless, and we soon rose to become the most dazzling brand. Before long, trouble came.

In July 2014, we launched Mi 4, which was shipped and sold at a fast speed. There was even a short supply. Do you all remember “austenitic stainless steel 304” and “a steel plate’s art journey”? 

The newly-formed India team was very optimistic and promising, and they persuaded me to grant them 500,000 units. In January 2015, the phone was launched in India, but no one anticipated that the sales went flatlined.

Several post-mortem discussions were done afterward. We’d just entered India not long before; it was reckless to ask for 500,000 units of flagships when the brand awareness was low, and the channels unexpanded. An unsold inventory worth as high as RMB 1 billion went left over; that was an apocalypse for our new business in India.

I was stuck when hearing the news. Ship them back to China? Those were all 3G-enabled Mi 4 phones, while in China, 4G had already taken full control. What to do?

We immediately teamed up a “firefighting brigade” and sent them around the world to those markets where 3G phones could still be marketed and retailed. In the beginning, this was a three-strong brigade, fr

om Southeast Asia to Latin America, from Europe to the Middle East, their world footprints were in some 50 to 60 markets.

Back then, Xiaomi’s global recognition was a lot lower than it is now, after being rejected countlessly, our colleagues finally blazed a new trail.

Three sorts of partners chose us: traders of raw materials, such as crude oil and natural gas, who wanted to open a new line into the smartphone business; laptop and notebook distributors who were interested in smartphones; and some tier 2 distributors who would want to bet their luck on us. It was with those partners; we made ourselves in the global smartphone market.

In short, after toiling for over a year, this 1 billion inventory was cleaned up, although we suffered some loss.

Maybe it was a misfortune in disguise. The silver lining from this firefighting mission turned into unexpected rewards, that the channels we opened to dump the inventory for self-rescuing laid the foundation for our global expansion.

         

4.2 R U OK?

Bumpy turns and joyful rides dot along our global expansion journey, for example, the once-popular catchphrase “R U OK?” 

We held a product launch event in India back in 2015. The site, a bustling scene, was thronged with Mi Fans.

My colleagues put me on stage on short notice, to say hello to the audience. I was so excited, and the greeting “R U OK?” slipped out of my mouth.

The audience’s emotions spurt from a warmup stage straight into a feverish craze.

Unforeseeably, when this video was passed back to China, I made it to the trend topic list.

A Bilibili user even made a video clip by filling in the lyrics with monotonous catchphrases, including “R U OK?” and product names, making me a rising star on that site. After watching it, I’m sure its whimsical melody and lively rhythm will carve into your brain, and you’ll never be able to erase it. 

Our marketing and public relations colleagues were a bit nervous initially, but I was okay with it, as long as everyone was happy.

But this did bring me some trouble. As a proud alumnus from Wuhan University, ever since then, I have had to explain everywhere that Wuhan University is a prestigious educational institution. It was me who didn’t learn English well, not that my university didn’t teach English well. 

Now, Xiaomi is officially present in over 90 markets around the world. Our brand was ranked within the top 5 in 50 markets. We have been placing Europe on a big agenda in recent years, and we are already No. 3. Good news came this year that we became the top-ranking smartphone brand in Spain, and No. 2 in France.

Conclusion:

Successes can’t be well planned, while crises may be a once-in-a-lifetime opportunity.

Part 5. Spotlight moments

5.1 Three moments

 

5.1.1 IPO

On the 10-year threshold of starting up this business and looking back, there were three spotlight moments.

The first is undoubtedly the IPO.

In the whole IPO process, the most unforgettable thing would be the announcement of 5%.

Prior to Xiaomi’s IPO, on April 25, 2018, we held a launch event at my alma mater, Wuhan University. We announced a decision approved by the Board of Directors, a promise to our users that our hardware business will have an overall after-tax net profit margin that will never exceed 5%. If the margin crosses 5%, we will find a way to return the excess above 5% to our users.

You may wonder, as a company that was about to be listed, instead of setting on a roadshow to present your money earning abilities, you were downsizing your room for more profit, what was your problem?

After the IPO, we would become a public company, when the capital would inevitably force us in various ways to make an excessive profit. I am confident that I’m able to fight back against this pressure. But I was so worried, if someday I retired from my position as CEO, would Xiaomi’s senior management team continue to make amazing products at honest and accessible pricing points? 

I was worried.

Thinking over, there was one and only option, in the form of legal document, to make sure this mission of permanently setting a limit on the hardware net profit margin could be passed down.

I told this idea to my team; all my buddies who had survived the difficult start-up period showed their unwavering support.

However, when I brought this up to stakeholders, concerns brewed, especially over its impact on the stock prices. Some people said, “Are you going nuts? Do you want to get listed or not?” Some said, “This is not what you said from the beginning. We would not spend a penny on this if we knew it sooner.” Others said, “We don’t have time for this big change. Forget about it.” 

Many urgent conference calls were organized, in which, several times, the conversations went into a dead-end. I told them, “Good companies earn money, and great companies win users’ hearts. If you agree, what you have in your portfolio will be a great company.”

After saying this, stakeholders all okayed. A unanimous agreement was reached. After this decision was announced, my social media feed was full of this news.

We received so many accolades, along with sarcasm and questionings. None of these would matter then.

 

5.1.2 Beijing drifters own a property

The second unforgettable thing would be moving to our own Xiaomi Campus.

Xiaomi Campus opened its doors in July last year, for the first time, we had a permanent address. I was more than excited. 

In our eyes, this campus is super pretty, scenic, and trendy. Full of love, we call this place “Sanlitun in Qinghe” (Sanlitun “三里屯” is one of Beijing’s upscale shopping and nightlife areas, Qinghe “清河” is the neighborhood where the Xiaomi Campus is located).

I posted an update on Weibo to celebrate that moment. 

It went like this, “After over nine years drifting and working our way up in Beijing, we finally purchased a property. Eight buildings cover a floor space of 320,000 square meters, RMB 5.2 billion was spent building this home.”

This post went viral and was viewed by 33 million times. It seems that in every drifter’s heart, there is a property ownership dream.

One thing I didn’t prepare for was that real estate agents were even more excited than me. They reposted it everywhere and commented, “The most inspirational story by a Beijing drifter.”

 

5.1.3 Made to the list of Fortune Global 500

Then we officially made it to the Fortune Global 500 list. 

Please take a look, this slide shows the change of Xiaomi’s annual revenues, a graceful and encouraging surging line.

With this grade report, we made it to the Fortune Global 500 list, ranked at 468th.

I hadn’t credited this with too much significance, but I was excited when we were finally in.

When I wrote an open letter to all Xiaomi employees, some colleagues suggested we be humble. “At least we can feign to be nonchalant.” 

I said, “We don’t have to hide our true feelings. I have been an entrepreneur founding different start-ups ever since I graduated. You have no idea how much I have been jealous of those people, such as Lin Bin, who had the chance to work for a Fortune Global 500. It has taken us quite some effort to make ourselves a Fortune Global 500 company. I’ll have to show off because I am finally one of those people.”

Yesterday, we made it to this list again.

We are grateful for these great times, also to every of our Xiaomi colleagues.

Xiaomi has been compared with some long time 500 companies including Apple, Huawei and Samsung. We still have a long way to go.

But, Xiaomi is only a 10-year old child; if you view this company for its growth prospects, you will find lots of things we do well, for example:

In Boston Consulting Group’s 2020 ranking of the world’s 50 most innovative companies, five Chinese companies made the list, including Huawei, Alibaba, Tencent, JD.com, and Xiaomi.

A ranking by Derwent on the top 100 global innovators list for 2020, only three Chinese companies were listed, including Huawei, Xiaomi, and Tencent.

In 2020 BrandZ top 100 most valuable global ranking, 17 Chinese companies were listed, with Xiaomi at No. 81.

These three rankings show that at least we have done some excellent work in innovation and branding.

Of course, Xiaomi may still have a distance from what it is expected, but I’m sure our future growth will be beyond our imagination.

 

5.2 What has Xiaomi changed in this past decade?

Xiaomi’s decade embodies the 10-year growth of the mobile internet industry.

It has been our great honor to have been striding forward with these great times.

A look back at the ten years, what has made us proud?

Firstly, we have joined hands with our peers, made smartphones accessible to everyone, and fast-tracked the development of mobile internet. 

Mr. Cheng Wei (程 维), Founder of DiDi, once said,

“All us mobile internet entrepreneurs and start-ups in China probably owe Xiaomi a thank you, for its contribution to making mobile internet available to all. Meituan, DiDi, ByteDance, Kuaishou, to name a few; all these top internet companies you are familiar with are direct beneficiaries of mobile internet’s development.” 

Secondly, we have mobilized and joined hands with like-minded entrepreneurs. Together, we have changed many industries and given well-deserved recognition to many entrepreneurs.

At the beginning of 2015, our ecosystem invested in Mr. Chang Jing (昌 敬).

He was a young man who just resigned from a big company for building his start-up. No one would have imagined that within five years, Roborock could become the true leader in the robot vacuum cleaner industry. The company was listed on the Sci-Tech Innovation Board under the Shanghai Stock Exchange in February this year, with a market value of RMB 40 billion. Xiaomi’s ecosystem model has revolutionized over 100 industries and incubated many entrepreneurs like Mr. Chang Jing.

On top of the above, Xiaomi has even changed some people’s lives.

Ellyana, mother of three children, lives in Batam, Indonesia. She was bereaved of her husband years ago, when the loss of the sole income source pushed her whole family into insolvency. 

After Xiaomi set up local production lines three years ago, she found a job which has since changed her life. Her salary helps make the family’s ends meet. She has also made lots of friends at work and seen the bigger world. 90% of the workers on our assembly lines in Indonesia are female. Our business has helped many of them improve their life quality, learn skills, get on-job training, broaden their views and scopes, and bring them hope.

 

5.3 An autobiography of Xiaomi

With the explanations above, I answered the question “Where does Xiaomi come from?”

Frankly, the past decade was full of amazing stories, and a single speech does not cover them all.

We are honored to have a well-known Chinese biographer, Ms. Fan Haitao (范 海涛), who compiled the company’s first official biography. The writing project started at the end of 2018. For one year and a half, she has conducted over 100 sessions of interviews.

The book is titled From 10 to Infinity (一往无前)

I’d like to thank Ms. Fan, also, my appreciation and respect to CITIC Press Group for their abundant preparation work. 

After this speech, the book will be available for purchase online. If you want to know more about Xiaomi and its stories, please take my recommendation and enjoy the reading. The book has 360,000 characters, packed with informative details.

At age 10, Xiaomi is getting mature pace by pace.

Our R&D expenditure is expected to surpass RMB 10 billion.  

Our ceaseless motivation to extensively explore and continually innovate and R&D investments of RMB 10 billion have enabled us to bring more and cooler products to everyone.

We have prepared some products specially tailored for this anniversary to introduce to you all.

 

Ending:

Who is Xiaomi? For what are we striving for?

 

This speech is approaching an end.

We are not only launching new products, but declaring our manifesto for the next decade.


Answers to these two questions “Where did Xiaomi come from?” and “Where are we heading to?” lie in the products we just introduced.

1. Mi 10 Ultra contains many breakthroughs in technologies. 120X ultra zoom camera, world’s No. 1 in DxO Mark, 120W wired fast charging, 50W wireless fast charging, and etc. Xiaomi’s courage and strength in competing in the high-end smartphone market are just buttressed by these cutting-edge technologies.

  • We will never cease to explore and continuously innovate, this is the attitude we have been adhering to since 10 years ago upon bringing everyone the most innovative technologies.

2. Redmi K30 Ultra brings to you a zero regret flagship smartphone at RMB 1,999, to pay our tribute to our dreams, and our 10 years together with our Mi Fans.

  • We stick to offering the best price to performance ratio through this phone, representing our utmost sincerity of placing users at the center of everything we do.
  • Be it mid-range, or flagship, we will always offer our products at the most accessible pricing points so that our users can purchase them with their eyes closed.

3. Mi TV LUX Transparent Edition, the world’s first mass-produced transparent TV. It’s already very cool to turn impossible into possible. 

  • It’s always been Xiaomi’s pursuit to make the coolest products, and vision to become the coolest company in the users’ hearts.
  • We are a bunch of engineers, only if we make the coolest products can we fulfill our duty.

 

Xiaomi will always stick to these three guiding principles to attach great importance to bringing the most innovative technologies, stick to the best price to performance ratio and make the coolest products.

Future strategies

We have talked a lot today about our achievements in the past 10 years. We are proud.

But, we have to be wary of our own way ahead, faced with the extremely intricate international situations and fierce competitions.

Neither complacency over old trophies, nor aggressiveness without a clear goal would work. This is the dilemma where we are today. 

 

Now, we have three points in the strategy: 

1. A start-up once more.

 

To lead ourselves out of today’s predicament, we would need the passion from our start-up period. Talents must be valued, incentives need to be given and strategic opportunities have to be grasped.

2. Internet + manufacturing.

We believe in the power of the internet, and its approaches. We will continue to empower manufacturing with the internet.

We will also be participating deeply in every step of manufacturing by cordially collaborating with our partners:

We have developed lots of high-end manufacturing facilities, and designed the fully automated production line of high-end smartphones.

Xiaomi has made some investments to shape up our future of becoming the “manufacturing of manufacturing”.

3. Plan together, walk farther.

We will evaluate all the things in a view of 10 years, and do things that will value in the long-term.

In the meantime, we will keep a prudent strategy.

I firmly believe that,

Over the next decade, crazy ideas will be actualized, and we will be a site of engineering pilgrimage.

Over the next decade, smart life will have a huge impact on the world, and we will lead a future way of living.

Over the next decade, smart manufacturing will further raise our brand awareness, and we will be a new driving force in the manufacturing industry.

Over the next decade, we will continuously create amazing and innovative products at accessible and honest pricing points for everyone in the world.

Our journey forward:

Our 10th anniversary marks a new beginning, a renewal of our drive to carry our dreams to infinity. Thank you all.

>>>

一往无前

小米董事长、CEO和创始人雷军值小米成立十周年的演讲

 

大家晚上好,欢迎大家来听我的演讲。

 

2020 年,非同寻常的一年,全球都在面临巨大的挑战。这场全球大变局,深刻影响着我们每一个人的生活。大家都在问,“面对这样的局面,我该怎么办?”很多人都很焦虑,其实我也很焦虑。

但焦虑没有用!这个世界有很多事情是我们改变不了的,但我们可以改变的是自己的心态。我们下决心改变自己的心态,才能积极面对这个复杂的世界。我选择了一种最简单的方式去改变,走路!

 

我定了一个目标:每天走10公里,先走一个月吧。这个目标对我来说,还是很夸张,我也很怕自己做不到。

但没关系,向着太阳,一直走,你就会重新感受到内心的平静和温暖的动力。向前每多走一步,热爱和勇气就会多一分。

走着走着,上个月,我真的走了 318.11公里。

 

平均每天,走了1个小时50分钟,平均每天,走了10.5公里。

一个不可思议的目标达成了。

 

今年是小米十周年,我们本来打算办一场盛大的庆典活动,但受疫情影响,只能取消了。

生活中还是需要一些仪式感,生活更需要积极面对。

我决定办一场演讲,来纪念这个重要的日子。同时,也算给所有关心小米的朋友们做一场完整的“总结汇报”吧。

 

一、梦想的开端

十年前,我和一群小伙伴创办了小米。

1.1 我们的梦想

当时国内的手机市场,一类是诺基亚、moto和三星这样的国际巨头,一类是国产手机”中华酷联”,就是中兴华为这样的大公司,还有铺天盖地的山寨手机。中国市场主要被国际巨头把持,产品贵得离谱,国产手机做得非常一般。

作为一位手机发烧友,同时,作为一个创业者,我有点不服气。虽然我从来没有做过手机,但我们有了这样的梦想:

“做全球最好的手机,只卖一半的价钱,让每个人都能买得起”。

一个从来没有做过手机的外行,一个从零开始的中关村小公司,要做全球最好的手机,谈何容易。

如何实现这个看起来不靠谱的目标?

我有一个“脑洞大开”的想法:这些巨头都是硬件公司,假如我们用互联网模式来做手机呢?

把软件、硬件和互联网融为一体,就可以另辟蹊径,炼成铁人三项后,就可以对纯硬件公司进行”降维攻击”。

我也的确找到了一条“捷径”:当时硬件最好的是moto,软件最好的是微软,互联网最厉害的是谷歌,假如我能把这三家公司的精英凑在一起,就有机会炼成”铁人三项”!

 

1.2 找人

我找的第一个人是林斌,当时他是谷歌中国研究院的副院长。

当时赶巧,他正在考虑出来创业,做个在线音乐公司。我说,别做了,跟我一起干点大事。我在餐巾纸上画了这么一张图(”铁人三项”),他很快就答应了。这样,他成为小米第2号员工。

这么顺利的挖角只是一个偶然。接着我连续找了十个谷歌工程师,一个都没有搞定,真让人绝望,直到第11个。他就是洪锋,谷歌非常出色的工程师。

一上来,洪锋就问了我三个问题。

第一个问题,”你做过手机吗?”

“没做过。”

第二个问题,”你认识中移动老总王建宙吗?”

“不认识。”

第三个问题,”你认识郭台铭吗?”

“郭台铭?我认识他,他不认识我。”

这三个问题下来,我估计没戏了,但出于礼貌,我还是坚持”尬聊”了很久。

最后他做了一个总结:“这事听起来,不靠谱…….不过,可以试试。”

一瞬间,我长舒了一口气,终于搞定了!就像中了彩票。

这是我搞定的第二个谷歌同学。

一个外行来做手机,大家凭什么相信你?

我在面试牛人的时候,牛人也在面试我。

在小米创办的第一年,我花了80%的时间在招人。

我记得印象最深的一个人,我两个月和他聊了十次以上,其中有几次一聊就是十个小时。

 

我也总听到有企业家和创业者抱怨,找不到人。

这是一个非常普遍的问题。

找人肯定不是一件容易的事情,如果找不到人,其实只有一个原因,就是没有花足够的时间!

 

【总结】

我的建议是:

找人不是”三顾茅庐”,找人要”三十次顾茅庐”!

只要有足够的决心,花足够的时间,可以组成一个很好的团队。

 

二、乘风破浪

2.1 MIUI的故事

4月6日,我们十来个人,一起喝了碗”小米粥”开始闹革命。

不懂硬件,没关系,就先从软件开始,先干操作系统吧!

 

没有自己的手机做研发,没关系,就先在别人家的手机上做吧。

操作系统很复杂,没关系,先找一套开源系统,在开源系统的基础上干。

那时安卓刚起步,我们就成了国内最早一批做安卓的。

但操作系统毕竟是操作系统,工程量相当庞大,不是十来个人的小团队可以搞定的。

没关系,我们先把最常用的功能做好就够了。就是打电话、发短信、通信录,还有桌面。这是智能手机当时最重要四个功能。

一个极其复杂的系统工程,就被我们高度简化了。

就这样,仅仅两个月时间,MIUI第一版就真的做好了。

我们建了一个论坛,招募志愿者来“刷机”。让我们感动的是,居然有100位用户愿意冒着巨大的风险刷 MIUI。

为了感谢这100位勇敢者,我们用他们的名字做成了启动界面。

 

大家想想,手机开机画面上显示着你的名字,这是啥感觉?

 

2010年8月16日,MIUI第一版正式发布了。

刚开始,只有100人,用户量少得惊人,但口碑超好。

我们没有做任何推广,第二周翻了一番,200人,第三周再翻一番,400人,第四周再翻一番,800人。

MIUI真正火起来,是在发布一个月后。9月20日,XDA,国际著名的技术论坛,有位大神热情推荐了MIUI。

 

他这样说的,“这是一个专业团队的作品,令人惊艳”。正文是:有人听说过这个ROM吗?我这辈子从来没见过这么疯狂的ROM…它运行起来又快又流畅,界面全部重新设计了,这太不可思议了。

看到这个评价,大家就知道,MIUI 第一版做到了什么水平。

一个中关村的小团队,用互联网方式,两个月做了一款手机操作系统,受到了非常高的赞誉。

互联网的方法论非常厉害!

 

从此,MIUI 在全球发烧友人群开始火起来了。后来,各个国家都有网友自发建立当地的米粉社区,制作当地语言包,适配各种机型等,形成了一个声势浩大的全球群众运动,从此埋下了小米国际化的种子。这就是米粉文化的来源。

不到一年时间,MIUI 用户量就超过了 30万。

 

【总结】

互联网七字诀

“专注、极致、口碑、快”

 

2.2 做手机的故事

如何搞定夏普屏幕?

我们费了九牛二虎之力,搞定了当时能找到的最好的硬件团队,主要来自moto,兴高采烈开始做手机了。

一出门就碰”大钉子”,搞不定供应链。

我们要做最好的手机,当然要用最好的供应链。比如屏幕,我们就想用夏普的,但人家根本不理我们。

我才知道,顶级供应链,不是一家创业公司花钱就可以搞得定。

我动员所有关系联系夏普,绕了一个巨大的圈子,通过金山的日本分公司,找到三井商社,再请三井商社高层出面,争取到了和夏普总部沟通的机会。时间定在3月26日。

这中间出了一件大事:2011年3月11日,日本地震,核电厂泄漏,全世界风声鹤唳。

夏普总部在大阪,虽然核辐射的影响不大,毕竟是核辐射,大家还是很恐慌。

能见到夏普高层的机会实在难得,我们还是下决心飞大阪,最后我们三个创始人一起去的。

我们上了飞机,才发现整个机舱都只有我们三个人。到了夏普,整个大楼空空荡荡的,只有我们一批访客。就这样,我们的诚意打动了夏普。

那天我们太紧张,从头到尾基本没拍照。我只找到一张照片,刘德在夏普楼下的留影。

 

1999元是这么来的

大家都知道小米手机第一代定价1999元。

大家不知道的是,我们原本的计划是1499元。1999元就已经”沸腾”,要是1499元,不会”炸裂”吗?

我们规划的成本1500元,售价1499元,我们还很大胆预测能卖30万台。

但是,到了8月,团队跟我说了一个吓一跳的消息:成本搞冒了,每台手机成本大约2000元,超了500元。

主要原因是,我们找的都是优质供应商,能跟我们合作就不错了,价钱根本没法谈。

如果继续定价1499元,我们估计要亏了2亿。怎么办呢?

我去和股东们商量,他们劝我说,这就是你一个外行进来玩的门票。这个门票实在太贵了,我有好几晚上没有睡着觉。

能不能把定价调高到 1999元?大家心里都没底,国产手机均价才700元,我们一上来就卖1999元,会不会翻车?不管了,我们只能豁出去试试!

发布会定在2011年8月16日。发布会前一天,我们还在担心会不会搞砸了?会不会卖不出去?

当天,我到现场,完全没有想到,里三层外三层挤满了人,我自己根本挤不进去了。米粉实在太热情了。

最后还是打电话叫了四个同事,帮我挤进去的。还有5分钟开场,我刚坐下,阿黎跑到我旁边,说,”人实在太多了,再挤怕出事,我们马上开始吧?”这是小米第一场发布会,也是小米历史上唯一一次提前5分钟开始的发布会。

在台上开始讲的时候,我心里还有点打鼓。最后,我紧张万分,公布了售价1999元。

现场长达半分钟的欢呼和尖叫,我悬着的心终于放下了,看来成了!

最近我们找到一个同事在现场用手机录的视频,有点模糊,大家可以看看。

手机发布后,网友第一次就预定了30万台。

收到这个订单,我们既激动又烦恼,我们没有足够的资金,也没有足够的生产能力。

我们当时是一个小公司,没有账期,需要提前打款才能生产。

要一次生产30万台,那是一笔天文数字。

这样,小米手机实在太火,我们又供应不上,很快就被贴上”饥饿营销”这个标签。

第一代手机,总计销售700多万台,这绝对是一个奇迹。

 

第一代红米不是真的第一代红米

我们做的第一代红米产品,我非常不满意,我决定推倒重来。

这下子4000万的研发费用打水飘了。

 

大家见到的红米手机第一代,其实是我们研发的第二代,代号H2。

2013年7月31日,红米手机正式发布。

我们借用了金山软件的一间会议室,没有任何装修,只是做了一个背景板。

这是小米历史上最简陋的一次发布会。红米手机能量巨大,一发布,就引发业内地震。没想到,第二天连金山软件的股价涨了。

第一代红米,热度远超过想象,我们就卖了 4460万台。这4000多万台智能手机。

 

小米的手机业务当初巨大的成功,这背后是无数艰难的抉择:

要不要去日本面见夏普?

要不要把定价从1499改到1999?

要不要干掉已经研发好的第一代红米,推倒重来?

这每一个选择的背后,都是巨大的风险。

 

【总结】

没有任何一个成功是不冒风险的。

直面风险,豁出去干!

 

2.3 全民学小米

小米火了,社会出现一个有意思的现象,很多人拼命学小米。

当时出现了很多互联网手机品牌。

以前我们不知道他们是如何学的,直到”小辣椒”创始人王晓雁加入了小米,在一场内部讨论会上,他讲了当初他是如何学的。让我们大家哄堂大笑。

 

2.4 生态链的故事

王晓雁是自学成才的,还有很多创业者、企业家亲自到小米来学习。

我们也非常愿意把我们的经验公开,希望推动更多行业的变革。2014年我们启动了生态链计划,孵化更多的创业公司。

仅仅六年时间,我们孵化了100多家生态链企业,做了上千种玲琅满目的优质产品。

我们是如何做的呢?我举一个例子:

当时,很多中国游客到日本疯狂抢购电饭煲,成了社会现象。我觉得不可思议。于是,我们决定孵化一家创业公司主攻高端电饭煲。研发了一年半时间,我们电饭煲成功发布,引起了很大轰动。

一家日本电视台特意买了几台,跟日本高端电饭煲一起做街头盲测,结果有点不可思议:6:4,我们胜出了!而我们产品定价仅仅相当于日本同类产品的五分之一。后来,我们的电饭煲卖到了日本,非常受欢迎。

 

三、峰回路转

3.1 关于董明珠

那是一段阳光灿烂的日子。

回想起来,我们也干了不少蠢事,比如和董明珠打赌。

2013年12月12日,我入选了央视年度经济人物,这是当时中国企业家能获得的最高荣誉。 跟我一起入选的,还有格力的董明珠。在颁奖典礼的后台,编导安排我和董大姐一起上场,并且撺掇我们把气氛弄得热闹一点。编导还特地说,前一年的颁奖晚会上,马云跟王健林打了一个赌,影响特别大。我瞬间就明白了他的想法:格力代表中国传统制造业,有30年的历史,小米代表新经济,是一家成立才三年多的小公司,放到一起就特别有话题。我跟董大姐说,要不咱俩也打个赌吧,赌一块钱,赌小米的营收五年时间能不能超过格力?我觉得这只是开个玩笑,活跃一下气氛。格力是一个巨无霸,营收1200多亿,我们小米营收才200个亿,只是人家的一个零头。董大姐想都没想就答应了。

结果,一上场董大姐就说,要赌就赌10个亿!那瞬间,我有点懵:剧本可不是这样的!赌1块钱,是活跃一下气氛。赌10亿,太夸张了吧。果然,立刻成了社会话题,马上就有网友给我科普:“你们这是巨资赌博,涉嫌违法”。我知道这是一个玩笑,所有人也都觉得这是一个玩笑,但董大姐却当真了,各种场合隔三差五就关心一下我们。

她这么关心我们,我可承受不了哪。大家觉得我应该咋办?

之后,只要我和董大姐一起出现,媒体的朋友们就会从各种角度盯着拍。

当然,这个画风,你想都想不到。

全社会都这么认真,我们不得不认真了。

 

五年下来,

小米从200多亿涨到了1749亿,涨了6.5倍,这已经是个奇迹,我非常满意。我们再看看格力,从1200亿涨到1980亿,涨了60%,作为一个传统制造企业,表现也非常杰出。

拿最后的结果一比,我们还是输了!

比较戏剧的是,打赌结束的第二年,小米就赢了。

 

不过,我每次想起来打赌这件事情,都后悔得不得了。

我们为啥招惹董大姐,带来那么多烦恼?直到最近,我才想清楚:那个时候我们,信心爆棚,的确膨胀了。很快,小米就遭遇了非常多成长的烦恼。

经过这次打赌,我对制造业的理解又加深了一步,同时也更了解格力了。

格力的确是中国制造业的典范,值得我们认真学习!

 

3.2 陷入低谷

2015年底,前期超高速成长,掩盖了非常多的问题,一下子全部爆发了出来。

手机行业,从来没有一家公司在销量下滑后,还能成功逆转的。这时的小米处于生死存亡的关头。

形势极其严峻,我不得不亲自接管了手机部。

 

那段时间,苦不堪言。我经常早上9点上班,到了凌晨一两点,还在开会。有一天下班的时候,我数了数,一天下来,我居然开了23个会,让人无法置信。

 

3.3 MIX的故事

2016年10月25日,小米MIX发布,当MIX第一次点亮的瞬间,全面屏震惊了所有人。

世界三大设计博物馆也收藏了小米MIX。

芬兰国家设计博物馆馆长评价说:“小米MIX指明了未来智能手机的发展方向”。

全面屏时代,由小米拉开帷幕。MIX发布成为了小米局势逆转的第一声号角。

 

MIX 源自 2014年初小米几个工程师闲聊,“未来的手机是什么样的?”经过反复讨论,大家取得了一致的结论:手机正面全是屏幕。这个想法在当时可谓石破天惊。大家找我商量,我同意直接立项:这是了不起的想法,不要考虑量产性,不要考虑时间和投入,做出来为止。

 

MIX 成功源于小米内部浓郁的工程师文化。工程师是小米最重要的资产,为了让工程师创新和探索的火炬越烧越亮,我们设置了小米技术奖。这是小米内部的最高奖项,奖励突破性贡献的技术小组,奖金是价值一百万美元的股票。

在这里我替小米的研发团队打一个招聘广告:只要你热爱技术,只要你技术过硬,欢迎你到小米来实现自己的梦想。

 

3.4 关于质量

性价比是我们最有力的武器,也是我们最脆弱的软肋。中国老百姓有个根深蒂固的观念就是“便宜没好货”,这让我们非常容易被误解,竞争对手也非常容易抹黑我们。小米如何在未来漫长的征程中立于不败呢?我们必须要拿出世界品质的好产品!

质量的提升是个漫长、艰巨又枯燥的过程。

一分耕耘一份收获。2018年小米获得了“中国质量协会质量技术奖”一等奖,2019年我自己还获得了“中国年度质量人物”的殊荣。

努力补课的小米,从2017年Q2开始了神奇的逆转,重新恢复高速成长。

 

【总结】

创新决定我们飞得有多高,质量决定我们走得有多远。

 

四、国际风云

4.1 10亿库存

小米很早就开始了国际化,我给大家说说我们国际化的故事。

 

2014第三季度,小米手机在中国登顶,仅仅靠中国市场的出货量,就在全球排到第三了。那个时候,投资者都非常看好小米,但提了一个非常尖锐的问题:小米模式能不能在全球复制?2014年6月,我们进入了印度市场。

势如破竹,很快就成为了最耀眼的明星。

时间不长,我们很快遇到了麻烦。

 

大家还记得“奥氏体304″、“一块钢板的艺术之旅”吗?

 

2014年7月,我们发布了小米4,在中国卖得非常好,一直供不应求。

刚组建的印度团队非常乐观,说服我特批了50万台。2015年1月,这款旗舰手机在印度发布了。但谁也没有想到,居然卖不动。

事后反复复盘:我们刚进入,品牌和渠道都还没有准备好,就直接定了50万台旗舰机,这太吓人了。

高达10亿库存,这对刚起步的印度业务来说,是个灭顶之灾!

我一听到这个消息,有点愣住了!运回国内?但那是3G版本的小米4,国内市场已经完全是4G手机的天下,咋办?

我们火速组建了一支“救火队”,到全球去找3G市场去消化。刚开始,这个团队只有3个人,从东南亚到南美,从欧洲到中东,全球跑了五六十个国家。

当时小米在海外知名度还没现在那么高,吃了无数的闭门羹后,我们的同事终于打开了一条路。

有三类合作伙伴选择了我们:卖石油、卖天然气的贸易商想转行进入手机行业;卖笔记本电脑,现在想卖手机的;还有一批二线代理商,想在我们身上赌一把。就是这群伙伴和我们一起,杀入了全球手机市场。

总之,死磕了一年多,这要命的10亿库存,虽然损失惨重,但基本消化了。

塞翁失马,焉知祸福。这次救火行动带来一个意想不到的回报:开拓出来的渠道成了国际业务的先遣队,大大提速了我们国际化的进度。

 

4.2 R U OK

国际化的路上,有坎坷,也有欢乐。比如,R U OK。

2015年我们在印度举办的一个发布会,来了很多米粉,热闹的不得了。

我们同事临时安排我,出场打个招呼,一激动,脱口而出说了一句,“R U OK?”

现场气氛一下就炸裂了。

 

没想到,这个视频传回国内,立马上了热搜。

B站上有位UP主还做了个鬼畜视频,让我成了B站的知名歌手。

我们的市场部同事一开始还有点紧张,但我觉得没啥,大家开心就好。

这件事情还是给我带来了不少烦恼,作为武大的杰出校友,从此以后,我要到处解释:武汉大学还是正规大学,是我自己英语没学好,不是武大没教好。

 

现在,小米进入了全球90多个国家和地区,手机业务在50个国家和地区中位居前5。最近两年主攻欧洲市场,今年刚刚传来喜讯:我们在欧洲已经排到第三了,甚至,西班牙已经登顶,法国排到第二!

 

【总结】

成功往往不是规划出来的,危机是你想不到的机会。

 

五、高光时刻

5.1 三个难忘的高光时刻

 

5.1.1 上市

创业十年之际,有三个难忘的高光时刻。

第一当然是上市。

在整个上市过程中,最难忘的就是 5% 那件事。

 

小米IPO前夕,2018年4月25日,我在武汉大学办了一场发布会,宣布了一项董事会决议:小米硬件综合净利率永远不超过5%,如有超出的部分,将超出部分全部返还给用户。

一个公司马上就要上市了,不好好路演”画大饼”,反而卡自己的利润空间,是不是有毛病呢?

小米上市后,变成了一家公众公司,资本一定会逼着小米创造”超额”的利润。我自信能扛住这样的压力,但我特别担心:如果有一天我不做CEO了,小米管理层还能不能继续坚持做“感动人心、价格厚道”的好产品呢?想来想去,只有一个办法:那就是以法律文件的形式,把这一使命固化下来,永久限制硬件净利率。我把这个想法和团队一说,一起奋斗的兄弟们都特别支持。

但跟股东一提就炸锅了,有各种担心,尤其担心对股价有影响。有人说,”你们是不是疯了,还想不想上市”。有人说,”当初你们可不是这么说的,早知道如此,我就不投了”。还有人说,”来不及了,别折腾了”。

我们开了好多次紧急电话会,中间有几次都要聊不下去。我对他们说,”优秀的公司赚取利润,伟大的公司赢得人心!如果你们同意,你们拥有的将是一家注定伟大的公司!”

就这样,一锤定音,股东们同意了。

当我们公布了这项决议,我的朋友圈被”5%”刷屏了。

我们收到了非常多的赞誉,也有不少嘲讽和质疑,但这些已经不重要了。

 

5.1.2 北漂买房

第二件难忘的事情就是搬家,我们搬到自己的科技园。

去年7月,小米科技园正式开园,我们第一次拥有了自己的家,心情无比激动。

在我们眼里,这个园区漂亮极了,美仑美奂,我们亲切地称之为”清河三里屯”。

我专门发了一条微博。

内容是这样的:“北漂,奋斗九年多,终于买房了!8栋楼,32万平方米,52亿造价”。

这条微博马上就火了,阅读量高达3300万。看来,每个北漂心里,都有一个买房的梦!

让我万万没想不到的是,房产中介居然比我还激动,也在到处转发,说这是“最励志的北漂故事”。

 

5.1.3 入选500强

接着我们入选了世界500强。

 

大家可以看一下,这是过去10年小米营收的变化,一条多么优美和昂扬向上的曲线。

就是因为这样的成绩单,我们入选世界500强,排名468名。

之前我也没觉得有啥,但真的入选了,还是有点小激动。

我在写全员信时,有同事建议咱们要不谦虚点,装着不在意。

我说,”这次咱们就别装了,我大学一毕业就开始创业,特别羡慕林斌他们有机会在500强上班,现在好不容易把自己公司搞成了世界500强,终于可以在500强上班了。我们一定得好好”嘚瑟”一下。”

就在昨天,小米再次入选了世界500强。

这一切要感谢这个伟大的时代,还有所有持续奋斗的小米同学们。

 

过去,小米一直被拿来与老牌500强苹果、华为和三星来比较,的确有差距。

但小米还只是一个10岁的少年,如果用发展的眼光来看,你会发现小米还是有非常多出色的地方,比如:

BCG 2020年全球创新50强。5家中国公司入选。华为、阿里巴巴、腾讯、京东和小米入选。

德温特 2020年全球创新百强榜。仅仅3家中国公司入选,分别是华为、小米和腾讯。

BrandZ 2020年全球品牌百强榜。这次有17家中国品牌入选,小米也在其中,排名81位。

这三个全球权威的榜单,充分说明了小米在创新和品牌方面取得的了不起的成绩。

当然,今天的小米,可能离各位的期望,还有一些距离,但未来成长的速度注定会超过大家的想象。

 

5.2 这十年,小米改变了什么?

小米的十年,就是移动互联网的十年。

和这个伟大的时代同行,是我们最大的荣幸。

当我们回首过去十年时,让我们真正自豪的是什么?

 

首先,我们和所有同行一起,普及了智能手机,推动了移动互联网的发展。

滴滴的创始人程维曾经说,中国移动互联网的创业者可能都要感谢小米,因为小米有力推动了移动互联网的普及。美团、滴滴、字节跳动、快手等等,今天你耳熟能详的新一代互联网头部企业,都得益于移动互联网的发展。

 

第二,我们和志同道合的创业者一起,改变了不少行业,也成就了不少创业者。

2015年初,小米生态链投资了昌敬,一个刚刚从大公司出来创业的小伙子。谁也没有想,只用了5年,石头科技就成为了扫地机器人行业的领导者,今年2月成功在科创板上市,市值高达400亿。小米生态模式带动了100多个行业的变革,成就了一大批像昌敬这样的创业者。

 

除此之外,小米甚至还改变了一些人的人生。

 

Ellyana (艾莉娅娜)住在印度尼西亚的巴淡岛,她是三个孩子的妈妈。几年多前丈夫去世后,家里没有经济来源,生活陷入了困境。

三年前,小米在印尼设立了生产线。她在小米印尼工厂找到工作,生活发生了巨大变化。有了这份工作,她可以养活一家人,而且还学了很多知识,交了很多朋友,在村子里的地位也大大提升。印尼小米产线上90%的员工都是女性,我们的事业帮助她们从此改变了自己的人生。

 

5.3 小米传

以上就是我为大家解答的第一个问题,“小米从哪里来”。

当然,这十年有太多精彩故事,一场演讲肯定说不完。

 

知名传记作家范海涛,撰写了首部官方授权的小米传记。她从去年2月份开始开始,对小米团队做了大量的采访,先后采访了100多人,历时一年半时间。这本书的书名,就叫《一往无前》。

感谢范海涛老师,也同样感谢中信出版社做的大量工作。

演讲结束后,这本书就会马上在全网首发。

要想了解小米更多故事,推荐大家买一本来看看,36万字,内容非常翔实。

 

十岁的小米,正在一步一步长大。

今年的研发预算就高达100亿元。

永不止步的创新精神,高达100亿的研发投入,小米永远有更多更酷的产品诞生。

今天我们精心准备了几款10周年代表作献给大家。

 

大结局:

小米是谁?小米为什么而奋斗?

– 三大铁律

 

今天的演讲,到这里已接近尾声。

今天,我们不仅仅是在发布产品,更是在发表小米面向下一个十年的宣言。

“小米从哪里来,又将往哪里去”,答案其实就在我刚刚发布的几款作品中。

 

一、小米10至尊版,大家可以数数有多少项黑科技,120倍超长焦,DxOMark全球第一,120W秒充,50W无线秒充,等等。正是因为一系列黑科技加持,小米才有勇气和实力,角逐高端手机市场。

技术为本,在攀登技术的高峰路上永不止步。

这就是未来十年小米死磕硬核科技的态度。

米粉们关心的澎湃芯片,请大家放心,我们还在持续研发。

 

二、Redmi K30至尊版,用一款”无槽点、无遗憾”的旗舰手机,重回1999元,致敬”为发烧而生”,致敬我们和米粉共同的十年。

性价比为纲,性价比是我们和用户交朋友最大的诚意,性价比是我们核心战略。

无论是大众产品,还是高端产品,我们都会永远坚持性价比,让所有用户可以闭着眼睛买。

 

三、小米透明电视,是全球第一款量产的透明电视,把不可能变成可能,这个产品够酷吗?

坚持做最酷的产品,才是小米永恒的追求。

做用户心中最酷的公司,这就是小米的愿景。

我们是一群工程师,做最酷的产品,才是我们对这个世界的爱,才是我们的本分。

 

这三个”超大杯”,代表的是小米永不更改的三大铁律:

“技术为本、性价比为纲、做最酷的产品”,我们将始终坚持这三大铁律。

 

– 未来发展策略

 

今天我们讲了非常多过去十年的成绩,我们的确非常自豪。

但我们也非常清楚,今天我们面临非常复杂的国际环境,同时面对极其激烈的竞争环境。

下一步,我们该怎么办?

要想固守今天的成绩,躺着过去的业绩上过日子,毫不疑问,守不住。

要想继续不管不顾、猛冲猛打、粗放成长,毫不疑问,这条路也走不通。

这就是我们今天面临的复杂局面。

 

今天,我们的策略有三条:

一、重新创业

今天的局面,我们还是需要拿出重新创业的热情,豁出去干!

大胆启用创业型人才,大胆使用创业型的激励,大胆把握新的战略机遇……

具体细节我就不展开说了。

行胜于言,未来这段时间,我们做给大家看。

 

二、互联网+制造

我们信仰互联网,我们相信互联网的方法论,我们会坚持用互联网赋能制造业。

在继续和代工厂真诚合作的基础上,我们会深度参与制造业:

我们已经自研大量高端装备,并已设计完成了全自动化的高端手机生产线。

小米已进行了一些投资,代表着小米要做的”制造的制造”。

 

三、行稳致远

所有事情,我们都会用十年的长度来看,做长期有价值的事情,和时间做朋友。

同时,战略上稳打稳扎,不要冒进。

 

我相信,

下一个十年,创新之火将会照亮每个疯狂的想法,小米将成为工程师向往的圣地。

下一个十年,智能生活将彻底影响我们每个人,小米将成为未来生活方式的引领者。

下一个十年,智能制造将进一步助力中国品牌的崛起,小米将成为中国制造业不可忽视的新兴力量。

下一个十年,小米将成为一条蜿蜒奔涌的长河,流过全球每个人的美好生活,奔向所有人向往的星辰大海。

 

在未来的征程里,

相信自己,一往无前!

谢谢大家!

Xiaomi ranked 422nd on Fortune Global 500 list of 2020

Marked up 46 spots to 422nd on the Global 500 list for 2020 from 468th in the previous year

And 7th in this year’s Internet Services and Retailing category, tied with last year 

Beijing, CHINA, August 10, 2020 – Xiaomi Corporation (“Xiaomi” or the “Group”; Stock Code: 1810:Hong Kong) announced today that the company ranks 422nd on the Fortune Global 500 list for 2020, a decade after its iteration.

This marks the second consecutive year that the global technology leader stays on the list. It was the youngest company on the list for 2019, ranked No. 468.

 The company, ranking 422nd, has a revenue of US$ 29.795 billion (RMB 205.84 billion) and a net profit of US$ 1.453 billion (RMB 34.8 billion) in the previous fiscal year, up 34.8% year-on-year. The company keeps its ranking at No. 7 in the Internet Services and Retailing category.

“This year marks the 10th anniversary of Xiaomi’s foundation. Looking back at the past decade, Xiaomi would not have achieved the success it enjoys today without cordial and unwavering support from our nearly 19,000 colleagues worldwide, Mi Fans, users, business partners and friends,” said Lei Jun, Founder, Chairman and CEO of Xiaomi.

“In the unusual year of 2020, when our lives are all deeply impacted by various radical changes, I would all the more want everyone of you to accept my gratitude and appreciation during these difficult times. I would also like to take this chance to accentuate our commitment to continuously making and introducing amazing innovative products, at the most accessible and honest pricing points, to every Mi Fan and user at every corner of the world,” he added.

As an internet company with smartphones and smart hardware connected by an Internet of Things (IoT) platform at its core founded in April 2010, Xiaomi was also named to Fortune’s China 500 list again in July, ranking 50th, up three slots from 53rd last year. The company is at No. 24 among the world’s 50 most innovative companies of 2020 by Boston Consulting Group, and at No. 384 on Forbes Global 2000 list for 2020.

Xiaomi continues to demonstrate its healthy consumer brand equity and strong growth potential, thanks to the company’s unique “triathlon” business model, and the results of its forerunning position in the 5G era.

According to international market research organization IDC, as of June 2020, Xiaomi remained the world’s 4th smartphone brand in terms of shipment sales volume. The company has also incubated and invested in over 200 ecosystem companies, many of which are specialized in developing smart hardware, and thus built the world’s largest consumer IoT platform with approximately 252 million connected smart hardware, excluding smartphones and laptops, by late March 2020.

Since Xiaomi’s global expansion journey started some 6 years ago, as of June 2020, in terms of shipments, Xiaomi was among top five in 50 markets, of the 90 global markets where the company is officially present, according to international market research organization Canalys.

“In our global markets, we have observed good results during the year till now, and by the first quarter of 2020, we for the first time witnessed our overseas revenue from our global markets account for half of the company’s overall. We have been focusing our resources and talents on our global expansion journey, which we started six years ago, and fulfilling our mission of letting everyone in the world enjoy the best possible innovative products,” said Chew Shou Zi, President of International, Xiaomi.

“Impacts from the pandemic were felt in the first few months of this year, but as lockdown measures are gradually loosened, we see a robust rebound thanks to our efforts taken on securing the manufacturing and supply chain, working closely with our global partners, as well as living up to the potential of our omnichannel online-offline retail system,” he added.

According to IDC, as of the second quarter of 2020, Xiaomi had been the largest smartphone brand in India by shipments for the 12th consecutive quarter, or a 29.4% market share.

In both the first and the second quarters, Xiaomi became the top smartphone brand in Spain, with whopping market shares of 28% and 37% respectively, a bit more than two years after its official entry in November 2017; while in the second quarter, we surged to No. 2 smartphone brand in France, representing a market share of 15%, and a year-on-year increase of 82%.

Xiaomi is also dedicated to building and expanding its highly efficient new retail network, which incorporates both online and offline channels, in overseas markets. As of June 30, 2019, there were 520 authorized Mi Home stores overseas, representing a 92.6 percent year-on-year growth.

At the start of 2020, Xiaomi fine tuned its overarching strategy from “Smartphone+AIoT” to “5G+AI+IoT and next generation super internet”, by investing at least RMB 50 billion over the five years in “5G+AIoT” to double down on our lead in the field. 5G is not solely about a faster smartphone network. “5G+AIoT” represents Xiaomi’s ability to offer services across our comprehensive product line. It gives us the chance to offer unique and pioneering AIoT use cases. The strategy perfectly fits the company’s Internet DNA to ensure it wins in this new smart era.

The company reached RMB 10 billion threshold in sales revenues in 2012, RMB 100 billion in 2017, and its total revenue exceeded RMB 200 billion in 2019.

The Fortune Global 500, also known as Global 500, is an annual ranking of the top 500 corporations worldwide compiled and published by Fortune magazine for 68 years, as measured by revenue from the previous fiscal year.

The world’s 500 largest companies for 2020 generated US$ 33.3 trillion in revenues and US$ 2.1 trillion in profits in 2019. Together, this year’s companies employ 69.6 million people worldwide and are represented by 32 countries and regions.

***

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 an equal emphasis on innovation and quality, Xiaomi continuously pursues high-quality user experience and operational 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 leading consumer IoT platform, with 252 million smart devices connected to its platform, excluding smartphones and laptops. Xiaomi products are present in more than 90 markets around the world.

In August 2020, the company was ranked 422nd on the Fortune Global 500 list of 2020, one year after it made to the list as the youngest company for the first time. In May 2020, the company made the Forbes Global 2000 list again and its ranking jumped to 384th.

For more information about Xiaomi, please visit our blog http://blog.mi.com/en/

Please write to us at global-pr@xiaomi.com, should you have any inquiries.

ShotByMi 2020 Opens up for Second Round

ShotByMi Photography Challenge is the ultimate phone photography contest for every Mi fan from all over the world.

This year, ShotByMi 2020 is aiming to bring out the photographer inside of Mi fans by inspiring more and more Mi fans to feel the charm of photography and empowering them to create Mi-fans-only photographic art. By returning to photography itself, ShotByMi 2020 is giving the worldwide Mi fans a chance to explore their own stories behind photographic works and showcase their unique visions to the whole world. 

On July 15th, ShotByMi 2020 Episode One Summer Vibes came to a successful end, attracting over 31,000 photos and short videos in 35,000 entries from 155 countries and regions.

On August 1st, ShotByMi official team announced the final winner @Kyaw zin htun for the Grand Prize including $5000 creative fund and Mi phone for Xiaomi’s official photography shooting program. Outstanding Prize winners were announced as well.

ShotByMi 2020 Episode Two Street Life is open for entries on August 5th. Street Photography is a challenging and yet exciting genre of photography that records everyday life in a public place. It will be another great chance for Mi fans to refuel their inspiration and unfold their street life story.

As before, world-class photographers Michael Yamashita and three other influential photographers Jordi Koalitic, Jord Hammond and Clay Enos are the final judges for the winning photographs evaluation and selection. This is a whole new perspective for ShotByMi 2020 to be a more high-profile international photography contest with professional photographers onboard.

Especially the leading judge Michael Yamashita, a world-famous photographer for National Geographic Magazine, is the 2020 recipient of the 9th annual Hamdan bin Mohammed bin Rashid Al Maktoum International Photography Award (HIPA)  special ‘Photography Appreciation Award’.

Not only partnering up with short-video sharing APP Likee and online photographers community 500px, ShotByMi 2020 Episode 2: Street Life is also getting support from FeiyuTech to push the contest together.

ShotByMi 2020: Your Vision, Your Story. Xiaomi looks forward to exploring more life beauty with Mi Fans through the lens of Xiaomi smartphones. 

ShotByMi 2020 link: https://event.mi.com/global/shotbymi/