Xiaomi

Xiaomi Corporation is a Chinese multinational technology company headquartered in Beijing, China, founded in April 2010 by Lei Jun and six associates. It is best known as the world’s second-largest smartphone manufacturer, behind Samsung, with a market share of about 12% as of 2024. Xiaomi’s smartphones run on its proprietary Xiaomi HyperOS (formerly MIUI) operating system, which boasts over 500 million monthly active users.

Initially focused on online sales, Xiaomi expanded to brick-and-mortar stores and diversified its product portfolio to include a wide range of consumer electronics such as televisions, air purifiers, electric vehicles, and smart home (IoT) devices. The company is recognized for its strategy of keeping product prices close to manufacturing costs, maintaining product availability for about 18 months, and optimizing inventory through flash sales.

Xiaomi has also entered the robotics field, unveiling its humanoid robot CyberOne in 2022, equipped with high power density actuators. The company plans to integrate CyberOne into its manufacturing processes and expand robotics applications across electronics, machinery, AI, and automotive industries. Xiaomi invests heavily in R&D, with plans to spend over $15 billion in the next five years to compete in the premium smartphone market and beyond.

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• CyberOne: Xiaomi’s first humanoid robot, launched in 2022, featuring advanced actuators and AI capabilities. It is part of Xiaomi’s broader “Cyber” series, which includes the CyberDog and CyberDog 2 robots. Xiaomi is actively integrating CyberOne into its manufacturing systems and plans to expand its use across various industries

Xiaomi specializes in AI-powered humanoid robots with high power density actuators, designed for versatile applications including manufacturing automation and service robotics. Their robotics efforts focus on combining AI, robotics hardware, and integration with smart manufacturing processes.

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• Ranked 338th on the Fortune Global 500 and the youngest company on the list.
• Second-largest smartphone manufacturer globally with strong market presence in China, India, Europe, and Russia.
• Diverse product ecosystem spanning smartphones, IoT devices, smart home appliances, and electric vehicles.
• Heavy investment in R&D, including semiconductor design and AI, with over $15 billion planned over five years.
• Active expansion into robotics and autonomous systems, leveraging AI and manufacturing expertise.
• Strong financial performance with revenues around HKD 299 billion in 2023 and a global workforce of approximately 16,700 employees.
• Strategic positioning in innovation hubs such as Beijing’s Haidian District, fostering collaboration and technological development.