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2019 Fortune Global 500 released: Xiaomi becomes the youngest Fortune 500

2019 Fortune Global 500 released: Xiaomi becomes the youngest Fortune 500

29-07-2019

Today, the official release of the Fortune Global 500 in 2019, Xiaomi finally made the list as it wished, and it was the first time on the list, ranking 468, ranking 7th among global Internet companies on the list, and 112th among Chinese companies on the list. Bit.
In the list, Xiaomi is defined as an enterprise in the "Internet service and retail" industry, becoming the fourth Chinese Internet company after JD.com, Alibaba, and Tencent, and the seventh Internet company in the world.

Currently, there are 7 Internet companies on the global list, and China has 4 Internet companies on the Fortune 500 list. According to the latest list of 2019, according to Xiaomi’s financial report, Xiaomi Group’s revenue in 2018 was 174.9 billion yuan, and its adjusted net profit reached 8.55 billion yuan.

Public information shows that it took 18 years, 18 years, 14 years and 23 years for JD.com, Alibaba, Tencent and Huawei to enter the Fortune Global 500. Xiaomi Group was founded in April 2010 and has now been listed on the Fortune Global 500 list. In just 9 years, it has become the fastest Chinese Internet and technology company on the list.

Lei Jun seems to have his own obsession with being listed on the top 500 in the world. As early as June 2013, Lei Jun proposed the goal of entering the world's top 500; in a public speech in 2014, Lei Jun also stated that Xiaomi might enter the world's top 500 in the next year; Lei Jun said in an interview with the media in 2017 The goal in 2018 is to enter the world's top 500; in 2018, Lei Jun believes that Xiaomi is 99% likely to enter the world's top 500, and vowed to say: "I think there should be no suspense to enter the world's top 500 this year. A startup company will do it in eight years. Fortune 500 companies seem to have crushed the scale of most listed companies.” However, it is a pity that Xiaomi is not on the list.

This year, Xiaomi finally made the list as expected.

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