Xiaomi Corporation
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Xiaomi Corporation - overview
Established
2010
Location
Beijing, -, China
Primary Industry
Consumer Products
About
Xiaomi Communications Co. , Ltd. is a Chinese technology company focused on designing, manufacturing, and selling consumer electronics and smart devices to enhance modern living. Founded in 2010 in Beijing, China, Xiaomi designs a wide array of consumer electronics.
The company was co-founded by Feng Hong, Georgios Tsocanis, and Jojje Måbrant. Xiaomi has participated in 11 deals, with its latest funding of USD 855. 00 mn completed in December 2020. The company has grown significantly since its inception, establishing a global presence.
Xiaomi is a technology company specializing in a diverse range of consumer electronics and smart home products. Their core offerings include smartphones, wearables, home appliances, and smart devices designed to enhance daily life through innovative technology. Key products such as the Redmi series of smartphones and various models of TWS earphones cater to tech-savvy consumers looking for high-quality performance at competitive prices. Xiaomi's air purifiers, vacuum cleaners, and smart lighting solutions aim to improve home environments, while their gaming monitors, equipped with high refresh rates, target gamers seeking immersive experiences.
The company markets its products globally, with significant sales in regions like Europe, India, and Southeast Asia, reaching a broad customer base that includes both individual consumers and businesses. In the fiscal year 2021, Xiaomi generated revenue amounting to USD 50,888. 27 mn, with an EBITDA of USD 4,509. 03 mn.
The company's revenue model incorporates one-time hardware sales and potential recurring income streams through software services associated with their devices, supported by a robust online and physical retail presence. Xiaomi plans to expand its product offerings with new innovations in the smart home sector, aiming for launches throughout 2022. The company is targeting expansion into new markets, particularly in North America and Africa, by 2023. The recent funding of USD 855.
00 mn will be utilized to bolster research and development efforts, ensuring the launch of competitive products and strengthening its market entry strategies.
Current Investors
Morgan Stanley Investment Management, Deutsche Bank, NGP Capital
Primary Industry
Consumer Products
Sub Industries
Consumer Electronics, Electronics, Application Integration Software, Operating Systems (OS), Systems Management Software, Telecoms Equipment
Website
www.mi.com
Verticals
Manufacturing, RegTech
Company Stage
Mature
Total Amount Raised
Subscriber access only
Xiaomi Corporation - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Announced | Camelot Information Systems | - |
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