Enterprise

Xiaomi makes the Fortune Global 500 list for the first time

It is the youngest company on the list

Published

on

How do you define a company’s success? For most people, success is landing the top spot: in being the best among competitors. Of course, there can only be one top dog. In chasing the number one spot, sometimes the journey is the success story in itself.

Backed up with years of experience, Xiaomi is making the necessary steps towards its own success story. For the first time in its nine-year existence, the Chinese company has made the Fortune Global 500 list of companies.

Currently, Xiaomi ranks as the 468th largest company, raking in a revenue of US$ 26,443.50 million and a net profit of US$ 2,049.10 million. In specific categories, Xiaomi is also the seventh-best company in the Internet and Retailing category.

At only nine years old, Xiaomi is the youngest company in the 2019 batch. It joins long-standing companies like Samsung (US$ 36,575.40 in net profit) and Apple (US$ 48,351.00 in net profit).

Additionally, Xiaomi is no stranger to Fortune’s lists. Back in June, the company also made the Fortune China 500 list, ranking 53rd overall. Needless to say, 2018 was a big year for the Chinese company.

Outside of Fortune, Xiaomi has made its mark elsewhere. Currently, the company is a huge player in international shipment and sales rankings. Xiaomi is on the rise. With a little luck, they should climb higher by the next fiscal year.

SEE ALSO: Xiaomi starts teasing Android One powered Mi A3

Enterprise

Global Connect Show Shenzhen empowers Chinese enterprises

Opportune time for new Chinese enterprises to go global

Published

on

The Global Connect Show Shenzhen 2026 (GCS SZ 2026) was successfully held on June 1 at China’s innovation hub.

More than 100 Chinese enterprises joined the event, encouraged to expand into international markets.

The program focused on three core pillars:

  • Chinese brand going global
  • Global channel connection
  • Dedicated “Into the Enterprise” series

China has developed a new generation of internationally competitive companies across various sectors, including:

  • consumer electronics
  • smart hardware
  • artificial intelligence
  • robotics

As these companies enter a new phase of going global, demand is growing for global communications, brand building, market trust, and localized business networks.

As such, the Global Connect Show is one of the platforms to be able to strengthen the relationship across enterprises, partners, business associations, and even media and influencers.

It is a significant window for innovative brands to enter global retail channels by building compelling brand narratives and developing strong localized operations.

This year’s GCS is the third staging of the show, which consistently aims to match Chinese brands with partners through a results-first approach. Such an approach includes hands-on product experiences, presentations, and one-on-one meetings.

Continue Reading

Enterprise

New US-China ban might affect 75% of phones, laptops

Companies can no longer use Chinese labs to test their products.

Published

on

The United States is continuing its crusade against Chinese technology today. However, the target now isn’t a company from China but a method important to a lot of non-Chinese brands.

Today, via Reuters, the Federal Communications Commission (or FCC) has unanimously voted to prohibit companies from using Chinese labs to test their electronic devices if they are to be sold for use in the United States. Naturally, this includes smartphones and computers.

Notably, the prohibition doesn’t directly target Chinese brands. However, it will still affect a huge swath of the industry. The FCC estimates that around 75 percent of the entire market are devices tested in labs based in China.

This means that companies who wish to sell future products in the country must move their testing to labs in the United States or other countries that it deems secure. At its current iteration, the prohibition will not affect devices that already earned their certification prior. However, it might prevent them from getting recertified once their current one expires.

Now, the prohibition isn’t an absolute lock just yet. The FCC will allow the industry to submit comments about the proposal. But, with a unanimous vote from the FCC, companies might have to start looking for alternative testing sites if they want to stay operation in the United States.

SEE ALSO: TikTok finally gets a buyer in the United States

Continue Reading

Enterprise

OnePlus has reportedly merged with realme

Both brands were previously rumored for restructuring early this year.

Published

on

OnePlus 13

OnePlus has a problem. For a while now, rumors have swirled about the company’s dissolution. For their part, the company has continued to deny the reports, citing business as usual. Likely to their dismay, the reports just keep coming. Today, sources have hinted that OnePlus has merged with realme.

Back in January, it was rumored that OnePlus would be closing up shop this year. Since the company very quickly denied the rumors, the report hardly made waves. However, a suspected merger with realme is more difficult to debunk.

For one, realme is itself in a very interesting position. Also back in January, realme was reportedly moving back into being a sub-brand of OPPO. Coupled together with the OnePlus debacle, all this internal restructuring seems par for the course.

According to Digital Chat Station on Weibo, OnePlus and realme have already concluded the merger. The two brands have reportedly united their Chinese and international operations under one roof. Likewise, their marketing will be the same. Pete Lau will still be the main head for this new division.

As with anything of this nature, take this with a grain of salt. OPPO, OnePlus, and realme have not issued any official statements concerning a merger or a shutdown for any brand.

SEE ALSO: realme is reportedly going back to being an OPPO sub-brand

Continue Reading

Trending