The Chinese manufacturing industry is one of the most competitive in the world today. In the smartphone manufacturing sector, many companies have been forced to pull out of China and some simply ran out of business. However, Xiaomi in its eight years of existence has continued to pull through. Are you surprised? Xiaomi is only 8 years old. Lei Jun led a small start-up team to commence operations eight years ago, but presently, this company has over 20,000 workers and its business has expanded out of China into many countries in Asia as well as Europe. Unofficially, its products are available in all the continents of the world. This “small” company quietly opened its doors in the Silver Valley Building of Baofu Temple Bridge and today, it is a mighty investment with diverse arms.
Yesterday, Lei Jun sent out an email to all Xiaomi workers thanking them for their enormous support over the years. As of now, Xiaomi’s worth is about $50 billion but there are salient reports that suggest that this company could be worth as much as $100 billion. This company is also an Internet company whose sales of smartphones, smart hardware, and IoT platforms have exceeded 100 billion Yuan ($15.8 billion). It has other arms and investment such as Huami and Zhimi which handles its wearable and air purifier gadgets respectively. Congratulate Xiaomi on her eight anniversary in the comment below.