Business

Xiaomi is named as BCG’s Innovative Companies

Xiaomi India, the country’s No.1 Smartphone and Smart TV brand, has been placed on Boston Consulting Group’s (BCG) “50 Most Innovative Companies of 2022” list.

The designation partly recognizes Xiaomi’s commitment to pursuing technological innovation and strengthening its research and development capabilities.

Its research and development spending hit USD538 million in the second quarter of 2022, a 22.8 percent rise year on year.

“Xiaomi’s R&D expenditure has increased at a compound annual growth rate of 39.7 percent since 2017 and is forecast to reach USD2.4 billion in 2022 and USD14 billion in the next five years.”

Lei Jun, Founder, Chairman, and CEO of Xiaomi Group,

BCG’s Most Innovative Companies ranking is based on a survey of more than 1,500 global innovation executives who were polled in December 2021 and January 2022.

It assesses a company’s performance in four categories: global mindshare, industry peer view, industry disruption and value creation.

BCG has published its annual innovation report since 2003. Other companies on the 2022 list include Microsoft, Alphabet, IBM, Pfizer, Coca-Cola, Tencent, etc.

Xiaomi is building an ever-expanding technology ecosphere spanning smartphones, wearable devices, smart homes, smart manufacturing, smart electric vehicles, and bionic robots globally to connect people to the world around them better and improve their lives.

The Xiaomi Corporation

Xiaomi Corporation (“Xiaomi”) was created in April 2010 and debuted on the Hong Kong Stock Exchange’s Main Board on July 9, 2018. (1810. HK).

Xiaomi is a manufacturer of consumer goods and smart devices firm that focuses on smartphones and smart gear that are linked via an IoT network.

Embracing our aim of “making friends with users and being the coolest company in their hearts,” Xiaomi strives for constant innovation, high-quality user experience, and operational efficiency.

The company works tirelessly to create fantastic items at reasonable prices so that everyone on the planet can have a better life through creative technology.
According to Canalys, the business placed third in the world in terms of smartphone shipments in the second quarter of 2022. With 526.9 million smart devices connected to its platform as of June 30, 2022, excluding smartphones, tablets, and laptops, the business has also developed the world’s leading consumer AIoT (AI+IoT) platform.
Xiaomi products are available in over 100 countries and regions throughout the world.
In August 2022, the company made the Fortune Global 500 list for the fourth time, ranking 266th, up 72 places compared to 2021.
The Hang Seng Index, Hang Seng China Enterprises Index, Hang Seng TECH Index, and Hang Seng China 50 Index all include Xiaomi.
Xiaomi India has been the number 1 smartphone player since Q3 2017 IDC Quarterly Mobile Phone Tracker report.
Xiaomi India has been the number 1 Smart TV brand since Q2 2018 IDC Worldwide Quarterly Tracker.
This article was shared with Prittle Prattle News as a Press Release.
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