China-based Xiaomi Corporation week ago made it to the Fortune’s Global 500 list for the initial time. The manufacturer is ranked at 468th position with a revenue of $26,443.50 million and a net profit of $2,049.10 million in the previous fiscal year.
The Chinese company Additionally uncovered that it is ranked at 7th position in the Internet Services and Retailing category. In addition, Xiaomi is the youngest company in the Fortune Global 500 list for the year 2019.
In an open letter talking about this achievement, Lei Jun, Founder, Chairman and CEO of Xiaomi, appreciated the efforts of the employees and reported that there’s a unique gift for each of its 20,538 co-workers and members of the key external teams.
The company said that as a token of appreciation, each of these members will receive 1,000 shares of Xiaomi stocks. Of these 1,000 shares, 500 shares serve to celebrate the Global 500 achievement, even though the remaining 500 are gifted to the family and loved ones of each coworker and partner for their support alongside the way.
Commenting about this achievement, Xiaomi’s Lei Jun said: “This honor does not mark the end of our pursuit, however smoothly a new beginning. We remain committed to making remarkable and highly fresh products at honest prices, like our philosophy states, in an effort to let our Mi Fans, users and investors enjoy a much better life.”
Xiaomi started operations in April 2010 as an internet manufacturer with smartphones and smart hardware connected by an Internet of Stuff (IoT) platform at its core. In just 9 several years, the manufacturer has been called as one of the Fortune Global 500 companies. The company was Furthermore named in Fortune’s China 500 list for the initial time in June, securing the 53rd rank in the list.