Xiaomi (OTCMKTS:XIACF), founded in April 2010 by entrepreneur Lei Jun and a group of partners, is a Chinese multinational electronics company headquartered in Beijing. The company began with the launch of its proprietary MIUI operating system and quickly expanded into hardware design and manufacturing. Over the past decade, Xiaomi has established itself as one of the world’s leading smartphone vendors, focusing on delivering high-performance devices at competitive price points.
In addition to its core smartphone business, Xiaomi operates two main hardware sub-brands: Mi and Redmi. Its product portfolio spans laptops, smart TVs, wearable devices, wireless routers and a growing range of Internet of Things (IoT) and lifestyle products such as air purifiers, smart home appliances and electric scooters. Xiaomi’s software arm, which develops MIUI and related internet services—including cloud storage, mobile payments, advertising and entertainment content—complements its hardware offerings and creates an integrated user experience.
Xiaomi has pursued an “online-to-offline” retail strategy, leveraging e-commerce platforms alongside a network of Mi Home stores and partner outlets. The company serves customers in more than 90 markets across Asia, Europe and Latin America, and has formed strategic partnerships to enhance local distribution, after-sales service and marketing. Its global expansion has been driven by an emphasis on research and development, a lean cost structure and an adaptable product roadmap tailored to diverse regional needs.
Under the leadership of Lei Jun, who serves as Chairman and Chief Executive Officer, Xiaomi continues to refine its ecosystem approach—bringing together hardware, software and services into a unified platform. The company remains committed to innovation, affordability and user-centric design as it seeks to capitalize on emerging trends in 5G connectivity, artificial intelligence and smart living.
