After appearing for the first time in 2019 , Xiaomi once again makes an appearance in the Fortune Global 500 list of 2020 , a famous ranking with the most influential and powerful companies worldwide.
If in 2019 it managed to position itself in position 468, this year the firm has managed to climb 46 positions until reaching position 422 . A great example of growth, which in turn gives Xiaomi the merit of being one of the youngest companies to appear in this ranking.
Likewise, this escalation positions Xiaomi as one of the companies that has achieved the greatest growth in the last year , only behind Alibaba, which managed to climb a total of 50 positions.
We return to @FortuneMagazine # Global500 for the second year in a row. We also climbed to rank 422!
Thank you very much #MiFans for having joined us in these last 10 years #InnovationForEveryone # From10ToInfinity
If you want to know more https://t.co/joxTWEE0iU pic.twitter.com/kvi7ZNClPL
– Xiaomi Spain (@XiaomiEspana) August 10, 2020
In more detail, Xiaomi ranks 422 with a revenue of $ 29,795 million and a profit of $ 1,453.0 million . In terms of growth, Xiaomi has managed to increase its revenue by 12.7% by the way, although in reality its profits have been reduced by -29%.
Great growth not only thanks to their smartphones but also to their gadgets
This continuous growth by Xiaomi is given not only by its smartphones but by leading the AIoT market. In 2019 Xiaomi continued to expand its IoT platform reaching 235 million connected devices .
Likewise, this escalation in the Fortune Global 2020 is given thanks to the expansion by Xiaomi in other countries beyond the Chinese borders. By the end of 2019, the firm already covered 90 countries and regions around the world , obtaining almost half of its income from these foreign countries.