Company Overview

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Founded:
April 4, 2010
Founders:
Lei Jun, Hong Feng, Liu De, Huang Jiangji, Zhou Guangping, Li Wanqiang, Lin Bin
Employees:
2,600
Headquarters:
Beijing
Funding:
$347M
Categories:
Mobile
Description:
Mi Inc., based in Beijing, China, designs, develops, and sells smart phones, apps, and a wide range of consumer electronics.

Detailed Description

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

Xiaomi has pioneered the mobile phone operating system via internet and making better mobile operating system through the participation of over 600,000 enthusiasts. Our employees are mainly composed of senior employees from Microsoft, Google, Kingsoft, Motorola, and other IT companies all over the world.

Born for Fanciers, Xiaomi targets the lower-middle market. The company has gained a loyal fan base by incorporating user feedback into the design of its latest sets and Android skins, which in turn help the company keep its development costs down. It offers Internet value-added products including TV boxes, backpacks, phone screen protectors, earphones, hats, men’s wear, women’s wear, and shoes, which were well received by consumers.

Mi-phone, MIUI, and Miliao are the three core businesses of the company, with a range of products like MIUI, Xiaomi Reading, Xiaomi TV, and Xiaomi TV Box.

Xiaomi Tech was founded in April 2010, but it already has 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 latest survey released by research firm Canalys showed Xiaomi sold a whopping 4.4 million smartphones in China versus the 4.3 million sold by Apple, Inc. As of August 14, 2013, Xiaomi sold about 17 million handsets.

Major rivals are Qihu360 and Samsung.

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 devoted to the development and application of electronic reading and video on the...
  • 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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