
Xiaomi's Leap Forward: One in Seven Smartphones Sold Worldwide
In a remarkable showcase of China's technological prowess, Lei Jun, founder of Xiaomi and a member of the National People's Congress, revealed that his company's significant investment in research and development has yielded substantial returns. Over the past five years, Xiaomi has invested approximately 1050 billion yuan, slightly exceeding its initial goal of 1000 billion yuan. This massive investment in R&D has brought about profound changes for the company, particularly in the global smartphone market. Notably, Xiaomi sold 170 million smartphones in the previous year, capturing 14% of the global market share, which translates to one Xiaomi phone being sold for every seven smartphones sold worldwide, underscoring the brand's growing influence and popularity.


















