Xiaomi leaps forward in Fortune Global 500 list

Since Huawei’s rapid fall from the smartphone rankings, Chinese smartphone makers have rushed to fill in the hole left behind by the former leader of the Chinese smartphone race. According to the latest rankings, Xiaomi has already done well for itself in the standings. The tech company is already the second largest smartphone maker in terms of sales. Xiaomi is already making strides in another leaderboard: the Fortune Global 500 list.

As always, Fortune has released the list of companies that are worth more than the rest this year. Of note, Xiaomi is number 338 — a huge jump from its place last year at 422. It’s Xiaomi’s third year on the list. The jump reflects the company’s success following its removal from the U.S. blacklist.

Another thing to note is that 135 of the companies on the list are of Chinese origin. Chinese companies are on the rise after the 2020 pandemic.

Xiaomi’s position is impressive but not entirely a surprise. Besides smartphones, the company also has its hands on different industries like wearables and lifestyle products. Most recently, Xiaomi was reportedly working on a revolutionary smart band with a 360-degree display.

For reference, Xiaomi’s rivals Apple and Samsung are at a higher position on the Fortune Global 500 list. Apple is currently sitting at number 6. Samsung is at number 15. The Chinese company still has a lot of ground to cover, but it’s on the right path.

SEE ALSO: Xiaomi’s 200W charger is coming next year

The post Xiaomi leaps forward in Fortune Global 500 list appeared first on GadgetMatch.

Xiaomi leaps forward in Fortune Global 500 list Xiaomi leaps forward in Fortune Global 500 list Reviewed by Telenor Editorial on August 02, 2021 Rating: 5

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