Xiaomi
Xiaomi (HKEX: 1810) is a publicly traded Smartwatches & Fitness company founded in 2010 and based in Beijing, China.
Xiaomi was founded on April 6, 2010, in Beijing by Lei Jun with co-founders including Lin Bin and Liu De, and listed on the Main Board of the Hong Kong Stock Exchange on July 9, 2018, under stock code 1810. It earns revenue by selling smartphones, wearables, smart-home and lifestyle hardware, and electric vehicles in more than 100 markets, with devices linked through its HyperOS operating system. Xiaomi reports more than 1.16 billion connected AIoT devices and more than 766 million monthly active users. Its wearables business began with the Mi Band fitness tracker, unveiled on July 22, 2014, and spans the Xiaomi Smart Band line, Xiaomi Watch S-series smartwatches and REDMI watches, all paired with the Mi Fitness app. Xiaomi reported 2025 revenue of CN¥457.29 billion and net income of CN¥41.57 billion. Its electric vehicle unit, Xiaomi EV, launched the SU7 sedan in March 2024.
Xiaomi sells fitness bands and smartwatches at high volume. Canalys counted 8.7 million Xiaomi wearable bands shipped in Q1 2025, up 44% year over year, across its Smart Band and REDMI Watch lines. Counterpoint put its Q2 2026 smartwatch shipments down 38% year over year, for a 6.1% share of the global market. Its bands and watches sync through the Mi Fitness app, and the Watch S5 can control Xiaomi Home smart-home devices, which ties the wrist to Xiaomi's wider hardware ecosystem.
At a glance
Total raised
Undisclosed
Headcount
10k+
Headquarters
Beijing
ChinaFounded
2010
Status
Public
Subsector
Wearables, ranked
Top 25 Wearables companies →Funding history
Total raised
—
Rounds tracked
0
No dated funding rounds on file. This company is privately held and may be raising or operating on undisclosed capital.
