Xiaomi Corporation

Who owns Xiaomi?
Xiaomi Corporation is a public company listed on the Hong Kong Stock Exchange under ticker 1810. Founder, chairman, and CEO Lei Jun controls the company through a dual-class share structure that gives him majority voting power.

Is Xiaomi publicly traded?
Yes. Xiaomi listed on the Hong Kong Stock Exchange in July 2018 under ticker 1810, raising about $4.7 billion in one of that year's largest technology IPOs.

What is Xiaomi's revenue?
Xiaomi reported record revenue of RMB 457.3 billion (approximately $66 billion) for 2025, up 25 percent, with adjusted net profit of RMB 39.2 billion.

Does Xiaomi make cars?
Yes. Xiaomi EV launched the SU7 electric sedan in March 2024 and the YU7 SUV in 2025. The company delivered 411,082 vehicles in 2025 and targets 550,000 in 2026, and the EV segment posted its first annual operating profit in 2025.

Where is Xiaomi headquartered?
Xiaomi is headquartered in Beijing, China. Its main EV factory is also in Beijing, and it manufactures phones and devices in China and India.

When was Xiaomi founded?
Lei Jun and seven co-founders founded Xiaomi on April 6, 2010, in Beijing. Its first product was the MIUI Android interface, followed by the Mi 1 phone in 2011.

Lei Jun, already a celebrated Chinese software entrepreneur and early investor, founded Xiaomi on April 6, 2010, with seven co-founders. The first product was MIUI, a heavily customized Android interface released in August 2010 that built a fan community before the company shipped hardware.

The Mi 1 phone launched in August 2011 at RMB 1,999, roughly half the price of comparable flagships, sold online only in flash sales. The model made Xiaomi China's fastest-growing smartphone brand. By 2014 it was China's top smartphone vendor and expanded into India and other emerging markets, where it repeated the value formula.

The company diversified into an ecosystem of connected products, incubating or partnering with more than a hundred hardware startups to sell everything from rice cookers to scooters under the Mi and Redmi labels. Redmi spun off as its own brand in 2019 to separate the value line from the increasingly premium Xiaomi flagships.

Xiaomi listed on the Hong Kong Stock Exchange in July 2018, raising approximately $4.7 billion in one of the year's largest tech IPOs. Growth stalled briefly in 2016 and again in 2022 and 2023 amid Chinese smartphone saturation, but overseas expansion and premium phones restored momentum.

In January 2021 the US Department of Defense designated Xiaomi a "Communist Chinese military company," blocking US investment. The company sued and won removal in May 2021, the only Chinese tech firm to reverse such a designation at that time.

In March 2021 Lei Jun announced Xiaomi would build electric cars, committing $10 billion over a decade. The Xiaomi SU7 sedan launched March 28, 2024, and drew more than 100,000 firm orders in its first days. Deliveries reached 411,082 vehicles in 2025, exceeding a raised target of 350,000, and the company added the YU7 SUV in 2025. The EV business turned its first annual operating profit in 2025, a milestone most EV startups take far longer to reach.

Through 2026 the company is targeting 550,000 vehicle deliveries while managing rising memory and component costs that pressured smartphone margins in the first half of the year.

Xiaomi's highest-profile regulatory episode was the January 2021 US Department of Defense designation as a "Communist Chinese military company," which would have forced US investors to divest. The company sued, arguing it is a consumer business, and won removal in May 2021, becoming the only Chinese tech firm to reverse such a designation.

The EV business drew scrutiny in 2025 over autonomous driving marketing and a fatal crash involving a SU7 on highway driver assistance, which renewed a national debate about driver-assistance claims and led regulators to tighten rules on smart-driving terminology. Xiaomi adjusted its marketing language and emphasized driver responsibility.

The company has faced ongoing privacy and data-security questions in markets including India, where regulators have examined its apps, and periodic labor and supply-chain criticism common to large electronics manufacturers. India has also been the site of tax and foreign-exchange investigations affecting Chinese phone makers, though Xiaomi has contested adverse findings.