Pkrevenue.com

Tag: Xiaomi

  • Xiaomi further improves rank to 266 in Fortune Global 500 list

    Xiaomi further improves rank to 266 in Fortune Global 500 list

    Beijing, CHINA: Xiaomi Group has been ranked No. 266 on the 2022 Fortune Global 500 list announced on Wednesday.

    The company, which is the world’s third largest smartphone manufacturer, moved up the list for the fourth year in a row.

    READ MORE: Jazz announces free calls to calamity hit Balochistan

    Xiaomi first appeared on the Fortune Global 500 list as No. 468 in 2019, just nine years after its founding. The fast-growing company has improved its ranking every year since – to 422 in 2020 and to 338 last year.

    According to Fortune Magazine, Xiaomi, which first entered the Fortune Global 500 List in 2019, has advanced more than 200 positions in four years, making it the fastest rising Chinese technology company.

    Xiaomi’s revenue and adjusted net profit hit new highs in 2021. Total revenue of Xiaomi Group in 2021 reached RMB 328.3 billion, a year-on-year increase of 33.5 per cent. Its adjusted net profit reached RMB 22 billion last year, a year-on-year increase of 69.5 per cent.

    READ MORE: Careem customers donate Rs10.3 million

    Xiaomi Group’s overseas-market revenue in 2021 increased by 33.7 per cent year-on-year, accounting for 49.8 per cent of its total revenue. In the first quarter of 2022, this proportion increased to 51.1 per cent.

    Thanks to its “Smartphone × AIoT” strategy, Xiaomi’s global smartphone shipments hit a record high in 2021. Its AIoT products also expanded rapidly, building a rich product ecosystem around smartphones.

    According to Canalys, Xiaomi ranked third in the global smartphone industry with a market share of 14.1 per cent in 2021. Its smartphone sales ranked first in 14 markets and was in the top five in 62 markets.

    READ MORE: Forbes China includes Xiaomi in best employers list

    As of December 31, 2021, more than 434 million smart devices were connected to its platform (excluding smartphones, tablets and laptops), a year-on-year increase of 33.6 per cent. The number of its global MIUI monthly active users reached 509 million, a year-on-year increase of 28.4 per cent.

    In 2021, the share of Xiaomi’s high-end smartphone shipments increased to about 13 per cent of its total smartphone shipments, nearly doubling from the previous year.

    Meanwhile, Xiaomi has continued to increase its investment in research. In 2021, Xiaomi’s R&D expenditure was RMB 13.2 billion, a year-on-year increase of 42.3 per cent. In the next five years, Xiaomi’s investment in research is expected to exceed RMB 100 billion. As of March 31, 2022, Xiaomi has been granted more than 26,000 patents; its global patent applications exceeded 53,000.

    READ MORE: Xiaomi joins hands with SELECT for phone production

    Going forward, Xiaomi is committed to building amazing products with honest prices so that everyone can enjoy a better life through innovative technology.

  • Forbes China includes Xiaomi in best employers list

    Forbes China includes Xiaomi in best employers list

    BEIJING: Xiaomi, a global technology leader and the third largest smartphone manufacturer has been named one of the top ten employers by Forbes China.

    READ MORE: Xiaomi joins hands with SELECT for phone production

    Xiaomi had 33,000 full-time employees worldwide at the end of last year. Other companies on the list include Schneider Electric, Hitachi Energy, Bank of China, etc.

    Forbes China made its selection after surveying 70,000 people over three months. The survey, which involved multiple topics, was conducted by Forbes China and Russell Consulting Company.

    READ MORE: Xiaomi plans assembly plant in Pakistan

    Xiaomi was listed as one of the “World’s Best Employers 2021” by Forbes. It was also ranked No. 4 on the list of “China’s Most Attractive Employers” for engineering students by Universum.

    Xiaomi prides itself on maintaining best practices for recruitment, employment, and employee benefits. According to the Company’s Environmental, Social, and Governance (ESG) Report last year, Xiaomi was free of unfair labor practices or gender discrimination.

    READ MORE: Clearance of mobile phones: Customs valuation of 234 brands, models issued

    “Xiaomi is pleased and honored to be recognized for our employment practices,” said Wang Xiang, Partner and President of Xiaomi Group. “We recruit talent from around the world and give our employees the best opportunity we can to unleash their creativity to make products that improve the world. Xiaomi is committed to operating at the highest standards and protecting the rights of our employees.”

  • Xiaomi joins hands with SELECT for phone production

    Xiaomi joins hands with SELECT for phone production

    KARACHI: Xiaomi, a global consumer electronics and smartphone giant, has decided to manufacture mobile phones in Pakistan. In this connection, Xiaomi has joined hands with Select Technologies (Pvt) Limited (SELECT), a wholly-owned subsidiary of Air Link Communication Limited (AIRLINK), as its manufacturing partner for Xiaomi mobile phones in Pakistan.

    “We are targeting a production of initially around 2.5 – 3 million handsets annually subject to smooth supply chain which is expected to add approximately $450 million annually in top line revenue numbers and will have a material incremental impact on the EPS [earnings per share] of the company other than the normal course of business,” said a statement issued by Air Link Communication Limited on Monday.

    According to the company, the production facility will be located adjacent to the AIRLINK’s existing state of the art mobile manufacturing facility at Quaid-e-Azam Industrial Estate, Kot Lakhpat, Lahore.

    The production facility will facility is anticipated to be operational within the month of January 2022.

    “… SELECT will be the manufacturing partner whereas AIRLINK will continue to be one of the largest distributors of Xiaomi phones in Pakistan,” the company added.

    Courtesy the manufacturing of Xiaomi phones by SELECT, AIRLINK expects to substantially increase its distribution and retail business of Xiaomi phones in Pakistan.

    Xiaomi plans assembly plant in Pakistan
  • Xiaomi plans assembly plant in Pakistan

    Xiaomi plans assembly plant in Pakistan

    Xiaomi has planned assembly plant in Pakistan within the next three to four months. This strategic move not only signifies a significant milestone for the tech giant but also carries promising prospects for the Pakistani market.

    (more…)