By 2015, it was developing a wide range of consumer electronics. Initially the company only sold its products online however, it later opened brick and mortar stores.
In August 2011, Xiaomi released its first smartphone and, by 2014, it had the largest market share of smartphones sold in China. Lei had founded Kingsoft as well as, which he sold to Amazon for $75 million in 2004. Xiaomi was founded in 2010 in Beijing by now multi- billionaire Lei Jun when he was 40 years old, along with six senior associates. The company is ranked 338th and is the youngest company on the Fortune Global 500. Behind Samsung, it is the second largest manufacturer of smartphones in the world, most of which run the MIUI operating system.
Xiaomi Corporation ( / ˈ ʃ aʊ m iː/ Chinese: 小米), commonly known as Xiaomi and registered as Xiaomi Inc., is a Chinese designer and manufacturer of consumer electronics and related software, home appliances, and household items. A Xiaomi Exclusive Service Centre for customer support in Kuala Lumpur
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