Chinese multinational electronics company Xiaomi is the 4th largest global firm that has developed mobile System-on-Chip (SoC) capabilities and the youngest Fortune 500 enterprise in 2019. The company was established in 2010 and released its 1st smartphone in August 2011, rapidly gaining market share in China and becoming the country’s largest smartphone firm by 2014. It has since expanded its product offerings to include a variety of consumer electronics, including smart home devices. Xiaomi has also spread into other markets, including Singapore, Japan, South Korea, Russia, South Africa, and most countries throughout Southeast Asia and Europe. Xiaomi reported over 291 million users in 2019.