Xiaomi Corporation (; Chinese: 小米 [ɕjǎu.mì] ( listen)) is a Chinese electronics company headquartered in Beijing. Xiaomi makes and invests in smartphones, mobile apps, laptops, and related consumer electronics.Xiaomi released its first smartphone in August 2011 and has rapidly gained market share in China to become China 's largest smartphone company in 2014. As of the start of Q2 of 2018, Xiaomi is the world 's 4th largest smartphone manufacturer. Xiaomi has expanded into developing a wider range of consumer electronics, including a smart home (IoT) device ecosystem.Xiaomi has 15,000 employees in China, India, Malaysia, Singapore and is expanding to other countries such as Indonesia, the Philippines, and South Africa. According to Forbes, Lei Jun, the founder and CEO, has an estimated net worth of US$12.5 billion. He is China 's 11th richest person and 118th in the world. Xiaomi is the world 's 4th most valuable technology start-up after receiving US$1.1 billion funding from investors, making Xiaomi's valuation more than US$46 billion.
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