MI is a privately owned Chinese electronics company headquartered in Beijing. It is the world's 5th largest smartphone maker in 2015.Since the release of its first smartphone in August 2011, Xiaomi has gained market share in mainland China and expanded into developing a wider range of consumer electronics, including a smart home device ecosystem.Xiaomi is the world's 4th most valuable technology start-up after it received US$1.1 billion funding from investors, making Xiaomi's valuation more than US$46 billion.

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