Xiaomi ranks in the top 50 of fortune China’s top 500 in 2020: top three Internet service companies

On July 27, fortune chinese.com released the latest Fortune 500 list, and Xiaomi group was listed again. In the overall list, Xiaomi group ranked 50 this year, 3 places higher than last year, and ranked in the top three of the Internet service list.

in the sub list of “Internet services”, Alibaba, Tencent and Xiaomi ranked the top three with 488.9 billion yuan, 377.3 billion yuan and 205.8 billion yuan respectively.

according to the analysis of CICC, the rapid growth of Internet services for many years has continued this year. In the past year, according to the industry classification standard of fortune (Chinese version), the Internet service industry’s revenue increased by 31% year-on-year.

in the list of Fortune Global 500 last year, Xiaomi group ranked 468 for the first time. It took eight years for Xiaomi group to become one of the fastest Internet and technology enterprises in China.

in the past year, the revenue of Xiaomi Group continued to rise. According to the financial report, the total revenue of Xiaomi group in 2019 exceeded 200 billion yuan for the first time, reaching 205.8 billion yuan, with a year-on-year growth of 17.7%. After adjustment, the annual net profit was 11.5 billion yuan, up 34.8% year on year.

in terms of business, in 2019, Xiaomi group’s smartphone business revenue accounted for 59.3%, the proportion of IOT and consumer products business revenue increased by 5 percentage points to 30.2% year-on-year, and the proportion of Internet service revenue also increased to 9.6%. Xiaomi group’s diversified layout has achieved remarkable results.

a few days ago, Lei Jun, chairman, founder and CEO of Xiaomi group, wrote in people’s daily, “Xiaomi has grown from a start-up company with more than a dozen people to become one of the world’s top 500 enterprises. It has not only made high-quality products, but also promoted hundreds of small and medium-sized enterprises to innovate, start businesses and improve efficiency. This is the concrete embodiment of China’s vigorous economic development.”

Lei Jun said that Xiaomi will continue to strengthen scientific and technological innovation, so that the artificial intelligence internet of things will become a service capability throughout Xiaomi’s intelligent ecological products, platforms and scenes.

Author: zmhuaxia