Don’t miss the latest developments in business and finance.

image

Xiaomi

About Xiaomi

Facebook IconLinkedIN Icon

What is Xiaomi?

Headquartered in China, Xiaomi is an electronics company founded by Lei Jun in 2010. The company deals in consumer electronics products — from smartphones to tablets, notebooks, televisions, smart bulbs, wearables, and other ecosystem products like routers, safety cameras, action cameras, umbrellas, etc. Primarily an internet company, Xiaomi also has its own digital payment app Mi Pay, besides several other internet services that are integral part of the company’s Android-based MIUI operating system.
 
Xiaomi started its India operations in 2014 under the leadership of its country managing director Manu Kumar Jain, one of the co-founders of online apparel store Jabong. In 2015, the company launched its first India-centric smartphone, the Mi 4i. However, the company’s success story started with the launch of the Redmi and the Redmi Note series of smartphones. In 2018, Xiaomi became the top smartphone manufacturer in the country, exceeding Samsung in four straight quarters.
 
Besides smartphones, Xiaomi also offers value-added internet services in India through its MIUI operating system. In 2018, the company launched the Mi Music and Mi Videos apps, which come pre-installed in all Xiaomi smartphones. Both these apps play content stored in the phone’s internal storage and also stream content from partner platforms using the internet. The company’s digital payments app Mi Pay uses the unified payment interface (UPI) for transactions.
 
Apart from smartphones and internet-based products, the company also sells wearables, smart bulbs, shoes, backpacks, luggage bags, umbrellas, and air purifiers in India. Though the company started as an online brand, it has gradually expanded to the offline space for last-mile connectivity. The company also has its biggest offline experience store in Bengaluru, called Mi Home. The store has put on display all the products that the company has designed and developed so far.

Latest Updates on Xiaomi

The company's revenue for 2022 was 280.04 billion yuan, a drop of 14.7%, while net income came in at 8.52 billion yuan, down 61.4%

Updated On: 24 Mar 2023 | 5:19 PM IST

Leading smartphone and smart TV brand Xiaomi India on Friday announced a collaboration with the United Way India to upskill the transgender community in the country.

Updated On: 24 Mar 2023 | 1:23 PM IST

India's smart home security camera market shipments experienced 44 per cent (on-year) growth in 2022, a report has said

Updated On: 17 Mar 2023 | 12:23 PM IST

While Xiaomi remained focused on selling mobile phones under 10,000 rupees ($120), Indian consumers were willing to pay up for better looking models with richer features

Updated On: 16 Mar 2023 | 8:56 AM IST

Priced at Rs 13,999, the Xiaomi Redmi Smart Fire TV 32 will be available in limited quantity at an introductory price of Rs 11,999

Updated On: 14 Mar 2023 | 1:26 PM IST

The POCO X5 5G will be available in supernova green, wildcat blue and jaguar black colours on Flipkart from March 21

Updated On: 14 Mar 2023 | 1:04 PM IST

Priced at Rs 79,999 for the 12GB RAM and 256GB on-board storage, the Xiaomi 13 Pro offers a novel imaging experience on top of a premium package

Updated On: 06 Feb 2024 | 6:25 PM IST

Smart device maker Xiaomi on Thursday announced it has teamed up with United Way India to establish Innovative Tinkering labs to supplement the learning process for over 4,000 children

Updated On: 09 Mar 2023 | 5:43 PM IST

The Xiaomi 13 Pro will be available in limited stocks. It will be available with introductory offers, including up to Rs 12,000 exchange bonus exclusive to existing Xiaomi and Redmi smartphone owners

Updated On: 28 Feb 2023 | 1:04 PM IST

Talking about growth drivers for the company's business, he said that small size screen televisions are expected to dominate in the market but people are expected to move to higher screens

Updated On: 14 Feb 2023 | 9:50 PM IST

Several smartphone companies offered online-exclusive deals and discounts helping the e-commerce companies to sell more

Updated On: 14 Feb 2023 | 9:05 AM IST

Unveiled in China last year, the Xiaomi 13 Pro boasts second-generation camera system co-engineered with Leica

Updated On: 08 Feb 2023 | 2:28 PM IST

Device maker accused of violating Foreign Exchange Management Act

Updated On: 30 Jan 2023 | 8:04 PM IST

Jain announced his exit from Xiaomi group with a social media post, adding that he will take some time off before rejoining the Indian startup ecosystem with "another fulfilling challenge"

Updated On: 30 Jan 2023 | 6:33 PM IST

Available on Xiaomi online store, the sale offers on smartphone, tablets, laptops, and more will be live until January 20

Updated On: 16 Jan 2023 | 1:33 PM IST

The Redmi Note 12, Redmi Note 12 Pro, and Redmi Note 12 Pro+ will be available for purchase on Xiaomi online store, Mi Home, Mi Studio, and select retail stores from 12 pm on January 11

Updated On: 11 Jan 2023 | 9:42 AM IST

The Amazon Prime Phones Party sale offers would be live on the e-commerce platform until January 8

Updated On: 06 Jan 2023 | 2:19 PM IST

The Redmi Note 12 5G, Redmi Note 12 Pro 5G, and Redmi Note 12 Pro+ 5G will be available for purchase on Xiaomi online store, Mi Home, Mi Studio, and select retail partners starting January 11

Updated On: 05 Jan 2023 | 4:55 PM IST

Even with its limitations, the Xiaomi Redmi Note 12 Pro Plus 5G makes an all-round smartphone with something in store for everyone

Updated On: 05 Jan 2023 | 4:48 PM IST

Xiaomi would launch the Redmi Note 12 5G, Redmi Note 12 Pro 5G, and Redmi Note 12 Pro+ 5G smartphones today at 12pm

Updated On: 05 Jan 2023 | 10:29 AM IST