Xiaomi still today for many represents an unknown brand, sometimes referred to as "chinoison" while the results and successes of this company are very distant from this definition. And Xiaomi's CFO (Chief Financial Officer), Zhou Guangping, explains to us his ideas. During an interview he said that the revenues of the Internet services alone in the first quarter of 2019 increased by 31,8% on an annual basis.
But above all, what impression it is the revelation about the number of active users in the world, with a global coverage of around 500 millions of people that daily using a Xiaomi product. The growth of the company has always been constant, at times perhaps slowed down, but still growing thanks to new markets such as the IoT (Internet of Things), on which Xiaomi has invested heavily in terms of capital, studies and hopes. on which he is beginning to receive the first results, considering a large margin of growth.
Xiaomi boasts 500 millions of active users worldwide
In fact this seems to be a market with 1 trillions of dollars and the prospects of the companies are still very wide. Xiaomi's financial strategy is very much based on mobile + IoT dualism, and in fact most of the daily users come from the combination of a smart gadget that uses the smartphone application for the various enhancements of the case.
For numbers lovers, in May Xiaomi released a financial report showing the turnover of the entire corporate group, equal to about 6,37 million dollars with a growth of 27,2% year on year. During this reference period, the number of IoT devices connected to the Xiaomi platform reached 171 million units (excluding smartphones, notebooks and tablets) with an increase of 70% compared to the previous year. In short, mind-boggling numbers, so anyone is still intent on thinking of Xiaomi as a Chinese?