China’s Xiaomi Is a Billion Dollar Company!

buy xiaomi m1 android smartphone china
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buy xiaomi m1 android smartphone chinaHow would you feel if your technology startup which is only 2 years old had managed to become a billion dollar company? Well this is the question we should be putting to Xiaomi’s founder Lei Jun.

According to a report over at Tech in Asia Xiaomi are pulling in a monthly revenue of a staggering $158 million which after a bit of rough maths equals to more than $1.8 billion a year!

To keep up with demand the Xiaomi factory manufacturing the Android Xiaomi M1 smartphones is producing 500,000 units a month (about 25,000 a day) and is still struggling to satisfy consumer demand!

The Xiaomi M1 Android smartphone sells for a very reasonable 1999 Yuan ($313) and boasts a 4.3 inch touch screen, 8 mega-pixel rear camera with LED flash, 1.5 Ghz dual core CPU, 1GB Ram and all the regular smartphone goodies such as GPS, Wi-Fi, Bluetooth etc.

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Andi Sykes is the founder and editor of Gizchina.com. When he's not writing about Chinese tech you can find him discussing mountain bikes at: 9to5bike.com.