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Xiaomi ranks 266 on Fortune Global List

  • Staff Correspondent
  • 5 August, 2022 12:00 AM
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Xiaomi ranks 266 on Fortune Global List

Xiaomi Group on Thursday announced that it was ranked 266 on the 2022 Fortune Global 500 list.

The global technology company, which is the world’s third largest smartphone manufacturer, moved up the list for the fourth year in a row.

Xiaomi first appeared on the Fortune Global 500 list as No 468 in 2019, just nine years after its founding.

According to Fortune Magazine, Xiaomi, which entered for the first time in the Fortune Global 500 List in 2019, has advanced more than 200 positions in four years, making it the fastest rising Chinese technology company.

Xiaomi's revenue and adjusted net profit hit new highs in 2021. Total revenue of Xiaomi Group in 2021 reached RMB 328.3 billion, a year-on-year increase of 33.5 percent.