Xiaomi Corp
- Industry
- Consumer Electronics
- Exchange
- HK
- Country
- Hong Kong
- Employees
- 55,994
- Website
- www.mi.com
Composite valuation range · conservative HK$18–HK$22 / fair HK$23–HK$28 / optimistic HK$31–HK$36. At HK$28.68, Between the fair and optimistic ranges.
At publication HK$30.7 (May 17, 2026)
Data from EODHD, shown in the reporting currency; for reference only, not investment advice.
Xiaomi Corporation, an investment holding company, engages in the development and sales of smartphones in Mainland China and internationally. It operates through Smartphones, IoT and Lifestyle Products, Internet Services, and smart electric vehicles segments. The company also offers internet of things (IoT) and lifestyle products comprising smart large home appliances, smart TVs, tablets, wearables and other IoT and lifestyle products; hardware repairment services for products; installation services for certain IoT products; and sale of materials. In addition, it provides internet services, such as advertising, online game, and fintech services; and development, manufacture, and sales of smart electric vehicles. Further, the company in the wholesale and retail of smartphones and ecosystem partners' products; investment activities; sales of smart hardware; software and hardware development; procurement and sales of smartphones, ecosystem partners' products and spare parts, and raw materials; operation of retail stores; and commercial factoring and e-commerce business. Additionally, it provides intra-group capital supervision, collection, remittance, credit guarantee, and interest rate risk management; customer; software related; promotion; electronic payment technology; and technical services. Xiaomi Corporation was incorporated in 2010 and is headquartered in Beijing, the People's Republic of China.
History
Xiaomi Corporation is an investment holding company incorporated in 2010 and headquartered in Beijing, in the People's Republic of China, with shares listed in Hong Kong. It engages in the development and sales of smartphones in Mainland China and internationally, and has expanded into four operating segments: Smartphones, IoT and Lifestyle Products, Internet Services, and smart electric vehicles. In 2025 total revenue was RMB 457.29 billion, of which the Smartphone and AIoT business contributed RMB 351.22 billion (76.8%) and the Smart EV, AI and other new initiatives segment RMB 106.07 billion (23.2%).
Industry position
Per Omdia data, Xiaomi remained among the top three in global smartphone shipments in 2025, with a 13.3% share. Its internet services carried a 76.5% gross margin, overseas internet services revenue was RMB 12.6 billion (33.8% of that revenue), and 2025 R&D expenses were RMB 33.13 billion. In smart electric vehicles, where it delivered 411,082 units in 2025, it is a later entrant pursuing scale alongside established players such as BYD and Tesla. Its standing rests on overlapping layers: brand recognition in mass and value-oriented technology markets, supply-chain, channel and R&D scale, and a cross-scenario ecosystem spanning phones, home devices, wearables, TVs and cars.