Xiaomi Corporation is a Chinese multinational electronics company founded in April 2010 and headquartered in Beijing, China. It was founded by entrepreneur Lei Jun, who aimed to create innovative and high-quality technology products at affordable prices. Initially, Xiaomi focused on developing and selling smartphones. Its debut smartphone, the Xiaomi Mi 1, was launched in 2011. The company gained popularity by selling its devices online and adopting a direct-to-consumer business model, which helped reduce costs and increase its market share. Over time, Xiaomi expanded its product portfolio to include a wide range of consumer electronics, including smart home devices, wearables, tablets, laptops, TVs, and more. It also invested in other technology spheres such as artificial intelligence (AI) and Internet of Things (IoT). Operating on a global scale, Xiaomi has a strong presence in various markets, particularly in China, India, and Southeast Asia. The company has also expanded into many other countries worldwide, including Europe and Latin America. It has established a network of authorized stores and partnered with local distributors to reach customers effectively. Xiaomi has a few noteworthy subsidiaries, including Redmi, which focuses on budget smartphones, and POCO, which offers more premium devices at competitive prices. Additionally, the company has formed joint ventures and partnerships with various companies, such as Huami Corporation for fitness wearables and TCL Corporation for smart TVs. In terms of market position, Xiaomi is one of the major players in the global smartphone industry. It consistently ranks among the top five smartphone manufacturers worldwide. However, competition remains fierce from rivals like Samsung and Apple. Xiaomi has achieved several significant milestones and accolades. In 2019, it became the youngest company on the Fortune Global 500 list. The company also set a Guinness World Record for the most mobile phones sold in a 24-hour period during its annual Mi Fan Festival. As of the most recent information available, Xiaomi continues to innovate and expand its product lineup. The company recently announced plans to venture into electric vehicles, signaling its ambitious growth strategy. Furthermore, it aims to strengthen its position in the global market with a focus on 5G technology, AI, and IoT products. In conclusion, Xiaomi is a prominent Chinese tech company known for its affordable and innovative consumer electronics. With a wide range of products, a global presence, and a strong market position, Xiaomi is continually striving to offer cutting-edge technology to consumers worldwide.