China-based Xiaomi Corporation recently made it to the Fortune’s Global 500 list for the initial time. The company 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 In addition unveiled that it is ranked at 7th position in the Internet Services and Retailing category. Moreover, 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 announced that there’s a special gift for each of its 20,538 co-workers and members of the major external teams.
The manufacturer said that like a token of appreciation, each of those members will receive 1,000 shares of Xiaomi stocks. Of these 1,000 shares, 500 shares serve to celebrate the Global 500 achievement, whereas 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, but simply a fresh 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 improved life.”
Xiaomi started operations in April 2010 as an internet manufacturer with phones and smart hardware connected by an Internet of Stuff (IoT) platform at its core. In just 9 several years, the manufacturer has been titled like one of the Fortune Global 500 companies. The manufacturer was moreover named in Fortune’s China 500 list for the first time in June, securing the 53rd rank in the list.