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Xiaomi Hits the list of the Most Valuable Companies in the world for the 4th consecutive year

Xiaomi has risen 72 places in the Fortune Global 500 in 2022, ranking 266th. Xiaomi’s growth seems to have no end, as the world’s third-largest smartphone manufacturer continues improving its sales figures year after year and fighting face to face with the two big players in the market Samsung and Apple.

A good proof of this is that Xiaomi has been cast, for the fourth consecutive year, on the list of the 500 most valuable companies in the world. For the fourth consecutive year, Xiaomi is ranked among the 300 most valuable companies in the world.

Xiaomi returns to climb positions in the Fortune Global 500

recently published the 2022 Fortune Global 500 list a list of the 500 most valuable companies in the world in the current year and Xiaomi reappeared in it for the fourth consecutive year. Specifically, the Xiaomi group ranked 266th in said ranking, which means that the Chinese firm has climbed 72 positions compared to last year and 200 positions since entering this classification for the first time in 2019.

The Xiaomi 12 was one of the Chinese firm’s best-selling terminals in the first quarter of 2022. The Chinese giant appeared for the first time on this list in 2019, ranking ranked 468 and since then I have not stopped climbing steps in this ranking, in 2020 it was ranked 422 and last year it was ranked 338.

The Xiaomi group has achieved this milestone thanks to total revenue in 2021 of 328.3 billion yuan, about 47,700 million euros which represents a year-on-year growth of 33.5%, and an adjusted net profit of 22 billion yuan, about 3,200 million euros leading to a year-on-year increase in 69.5%.

Xiaomi exceeds 500 million users worldwide: there are only 3 brands that have achieved this milestoneFurthermore, Xiaomi’s revenue in foreign markets increased by 33.7% compared to the previous year, which represents 49.8% of its total income. In addition, this trend continues in 2022, since in the first quarter of the year this proportion increased to 51.1%.

Ron Harold

It has been a long time since I joined Research Snipers. Though I have been working as a part-time tech-news writer, it feels good to be part of the team. Besides that, I am building a finance-based blog, working as a freelance content writer/blogger, and a video editor.

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