Fortune World 500 aka World 500 is an annual rating of high 500 corporations on the earth calculated, analyzed and printed by the Fortune journal. Only in the near past, 2019’s World 500 was printed and Xiaomi, the comparatively younger Chinese language firm, managed to safe 468th place.
This doesn’t come as a shock contemplating the corporate jumped from approx. $1,453.72 million (in 2012) income to approx. $14,537.21 million in income (in 2017) in 5 years. Xiaomi was additionally named in Fortune’s China 500 record at 53rd place this yr.
Lei Jun, Founder, Chairman, and CEO of Xiaomi, stated,
It took Xiaomi solely 9 years to make the Fortune World 500 record, a milestone that we owe an enormous thanks to all our Mi Followers and customers for his or her unwavering help. We’re additionally the youngest firm on this yr’s record, a proud document that we are going to bear in mind and produce to a different stage within the international growth journey.
The corporate nonetheless has an extended method to go however it is a huge step forward for Xiaomi contemplating the corporate is barely 9 years outdated. It showcases how a lot the Chinese language firm has achieved in such a short while.