Headquarters in Haidian District, Beijing
Headquarters in Haidian District, Beijing
  1. Founding: Xiaomi Inc. was founded in 2010 by Lei Jun and seven other co-founders, making it a relatively new company in the world of technology.
  2. Meaning of Xiaomi: The word ‘Xiaomi’ means ‘millet’ in Chinese. In the company’s early days, Lei Jun said it means “Xiao” for “little” and “mi” for “rice” – indicating that Xiaomi aims to start small and then work towards bigger goals.
  3. Fastest Growth: Xiaomi became the world’s fourth-largest smartphone maker just four years after its founding, demonstrating an impressive rate of growth.
  4. “Internet Company”: Xiaomi likes to position itself as an “internet company” rather than just a hardware company, highlighting its services and software ecosystem, like its MIUI user interface.
  5. Crowdsourcing Input: Xiaomi involves its user community in the development and refinement of its products by encouraging users to suggest changes or features they’d like to see in MIUI.
  6. Flash Sales: In its early days, Xiaomi sold its phones through weekly flash sales. The limited availability created a sense of urgency among consumers and helped generate buzz around the brand.
  7. No Physical Stores: Initially, Xiaomi sold its products exclusively online to cut costs. It was only in recent years that the company started opening physical retail stores.
  8. Record-breaking Sales: Xiaomi holds Guinness World Records for the most mobile phones sold on a single online platform within 24 hours – selling 2.11 million phones on China’s Singles Day (an online shopping holiday) in 2014.
  9. Product Range: In addition to smartphones, Xiaomi also produces a wide range of smart devices, including smart TVs, wearables, drones, and home appliances. It even makes lifestyle products like shoes, bags, and fitness equipment.
  10. Robot Vacuum Cleaners: Xiaomi is a leading player in the robot vacuum cleaner market. Its Mi Robot Vacuum Cleaner is popular for its affordability and advanced features.

Facebook Comments
Previous article10 Fun Facts About LG Electronics
Next articleHow to Use ChatGPT on Android? (2 Easiest Ways!)
Avatar photo
Hi I love tech, crypto, finance, gaming, and basically all of the things that you will find on this website. I have an Apple Macbook Pro for my writing, and an AMD Ryzen/NVIDIA 3080TI desktop for my after hours gaming. All platforms are beautiful in their own way.