Xiaomi Corp.
Explore Xiaomi
Core profile pages, annual revenue records, and related research hubs for this company.
Xiaomi Corp.
Explore Xiaomi
Core profile pages, annual revenue records, and related research hubs for this company.
Company History
Founded 2010 in Beijing, China
Xiaomi was founded in Beijing in 2010 by Lei Jun and a group of co-founders. Its first product was MIUI software, followed by aggressively priced smartphones that built a fan-driven hardware brand.
Lei Jun is the founder, chairman, and CEO of Xiaomi Corporation, which he established in April 2010 alongside seven co-founders after stepping down from Kingsoft. At Xiaomi, Lei Jun has served as the driving philosophical and commercial force behind the company's hardware-at-cost, software-monetization model. He is known in China for his public persona as an accessible, consumer-oriented entrepreneur—a contrast to the more formal executive styles common in Chinese technology leadership. Lei Jun personally led the announcement presentation for the Xiaomi SU7 electric vehicle in December 2023, delivering a performance widely compared to Steve Jobs-era Apple keynotes. In 2024, Forbes estimated his net worth at approximately 8.5 billion US dollars, attributable primarily to his Xiaomi equity stake. He remains deeply involved in product development decisions across all major Xiaomi categories.
Lin Bin co-founded Xiaomi in 2010 alongside Lei Jun, bringing engineering credibility from his tenures at both Google China and Microsoft China. As President and co-CEO during Xiaomi's formative years, Lin Bin oversaw the hardware engineering and manufacturing operations that produced the Mi series smartphones. His background in software engineering from two of the world's most technically rigorous companies helped ensure that Xiaomi's hardware-software integration remained competitive from the company's earliest products. Lin Bin stepped back from full-time executive responsibilities in 2019, transitioning to an advisory and strategic role. His equity stake in Xiaomi at the time of the 2018 IPO was substantial, and he remains one of the company's significant individual shareholders.
Lei Jun and co-founders establish Xiaomi in Beijing and release MIUI as the first product.
Xiaomi launches its first smartphone, using aggressive pricing and online fan engagement.
Xiaomi expands internationally and becomes one of the most valuable private technology startups of its era.
Xiaomi lists on the Hong Kong Stock Exchange under stock code 1810.
Xiaomi unveils HyperOS as the operating system layer for phones, IoT products, and cars.
Xiaomi begins delivering the SU7 electric vehicle, making smart EVs a major strategic pillar.
Xiaomi reports FY2025 revenue of RMB457.286687B and profit attributable of RMB41.643389B.
Xiaomi reports Q1 2026 revenue of RMB111.3B, up 47.4% year over year.
Build a wide network of connected-device companies around Xiaomi design, distribution, and software standards.
Enter electric vehicles and smart mobility as the next large device category.
Xiaomi traces its origins to 2010.
The EV launch and HyperOS shift turned Xiaomi from a smartphone-led hardware company into a broader Human x Car x Home platform.
Xiaomi grew from MIUI and value smartphones into a global consumer technology company spanning IoT, internet services, HyperOS, and smart EVs.
This Xiaomi profile covers founding, leadership, financials, and current strategic context.