On August 10, 2020, Fortune magazine released the list of the world's top 500 in 2020. There are seven Internet-related companies on the list, namely Amazon, Alphabet and Facebook in the United States, and JD.COM Group, Alibaba Group, Tencent Holdings Limited and Xiaomi Group in China.
Among them, the biggest increase in ranking was Alibaba, which rose by 50 places, followed by Xiaomi, which rose by 46 places. Ali and Xiaomi have become the two fastest growing Internet companies.
At the beginning of 20 19, Xiaomi group launched the "mobile phone +AIoT" dual-engine strategy. Smart phone business adopts dual-brand strategy. The annual sales volume of smartphones reached 65.438+0.25 billion units, ranking fourth in the world in market share. The financial report shows that the total revenue of Xiaomi in 20 19 reached RMB 205.8 billion, up by 17.7% year-on-year. The adjusted net profit was11500 million yuan, a year-on-year increase of 34.8%.