On July 22, Fortune magazine released the ranking of the world's top 500 in 2019. Xiaomi group was listed for the first time, ranking 468, ranking 7th among the global Internet enterprises on the list and 112th among the Chinese enterprises on the list.
Xiaomi ranks 468 in the world's top 500. Xiaomi ranks 468 in the world's top 500.
Ranked 7th among global Internet enterprises, and Xiaomi ranked 7th among global Internet enterprises.
In the list, Xiaomi is defined as an enterprise in the 'Internet service and retail' industry, becoming the fourth Chinese Internet enterprise on the list after JD, Alibaba and Tencent, and the seventh Internet enterprise on the list in the world. With the addition of Xiaomi, the number of Chinese Internet companies exceeds that of the United States.
Fortune magazine of the United States publishes the list of "Fortune Global 500" every year, taking the annual income and net profit of each enterprise as the selection criteria. According to the latest list in 2019, according to the financial report of Xiaomi group, the annual revenue of Xiaomi group in 2018 was 174.9 billion yuan, and the adjusted net profit reached 8.55 billion yuan.
According to public information, it took 18 years for JD, Alibaba, Tencent and Huawei to enter the Fortune Global 500, 18 years, 14 years and 23 years respectively. Xiaomi group was founded in April 2010 and has now been listed on the Fortune Global 500. In only eight years, it has become the fastest Internet and technology enterprise in China.