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Founded in 2010 , the Xiaomi Corporation is one of the world ’ s largest smartphone producers , with massive penetration into the Chinese and Asian markets . The company has more than 213 million devices connected to its network , contributing to its status as the largest IoT platform operator in the world . Xiaomi became the world ’ s youngest Fortune 500 company in 2019 , ranking 468th . Currently , Xiaomi products are sold in more than 90 countries , and is the biggest mobile brand in the Indian market , although the business ’ penetration into US markets hasn ’ t taken off as promised . Its flagship phone , the Mi 10 Pro , is 5G capable and boasts a quad camera setup with 8K video capability .

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