Funding Received
$347 Million in 4 Rounds from 2 Investors
Most Recent Funding
Series D on August 22, 2013 / Undisclosed Amount
Founded:
April 4, 2010
Headquarters:
Beijing
Description:
Xiaomi is a privately owned company that designs, develops, and sells internet services and consumer electronics.
Founders:
Lei Jun, Hong Feng, Liu De, Huang Jiangji, Zhou Guangping, Li Wanqiang, Lin Bin
Categories:
Mobile
Website:
http://www.mi.com

Detailed Description

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Xiaomi, Inc. is a privately owned company that designs, develops, and sells internet services and consumer electronics.

With focus on developing mobile operating systems, Xiaomi targets the lower-middle market and has gained a loyal fan base by incorporating user feedback into the design of its latest sets and Android skins. It offers internet value-added products including TV boxes, backpacks, phone screen protectors, earphones, hats, men’s wear, women’s wear, and shoes. Its three core businesses are Mi-phone, MIUI, and Miliao, with a range of products such as MIUI, Xiaomi Reading, Xiaomi TV, and Xiaomi TV Box.

Founded in April 2010, Xiaomi reached a valuation of $10 billion after completing its latest round of fundraising on August 23, 2013. It has become the fourth largest internet company in China, behind e-commerce giant Alibaba Group Holding Ltd., service portal provider Tencent Holdings Ltd., and search giant Baidu, Inc.

In the second quarter of 2013, a survey released by research firm Canalys showed Xiaomi sold 4.4 million smartphones in China versus the 4.3 million sold by Apple, Inc. As of August 14, 2013, Xiaomi had sold about 17 million handsets. Qihu360 and Samsung are considered to be Xiaomi's major competitors.

Current Team (9)

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Funding Rounds (4) - $347M

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Investments (3)

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Products (13)

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  • Rteiltczdpgywgyray00

    Mipad

    China's colorful answer to the iPad mini
  • Um569c3nl1y7lkskd2y0

    MiHome launcher

    MiHome launcher was added to CrunchBase in 2013
  • Ocgit1umsyckej6uglyk

    DuoKan Reader

    Duokan.com is focused on the development and application of e-reading and online video...
  • Apli8rw3ueqwevgoa6qu

    MiTalk

    Communication mobile app
  • Dut0gkyuzgmix9kyrqcg

    MiBox Digital Receiver

    MiBox Digital Receiver was added to CrunchBase in 2013
  • T1vrb0nfvybispxzjwhx

    Mi 2A

    Mi 2A was added to CrunchBase in 2013
  • Dcfdi9uuaysojcg7p0ky

    Mi 2S

    Mi 2S was added to CrunchBase in 2013
  • Rezd6aegqprlvryhhlxp

    Mi 2

    Mi 2 was added to CrunchBase in 2013

Investors (2)

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  • F0a0dd25bf4c5576a677bf39f08bb68a

    QiMing Venture Partners

    Since our debut in 2006, we’ve established ourselves as a leading investment firm in China and...
  • Be3de5609febe52b26115f5be1ca3129

    Morningside Group

    Morningside Group is a private investment group founded in 1986 by the Chan family of Hong Kong.

Offices/Locations (1)

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  • Headquarters

    68 Qinghe Road

    Huaren Wucaicheng

    Beijing, 100085

    CHN

Images (1)

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  • Sgbr1minkqitubgkipv4

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