Xiaomi is a Chinese electronics company founded in 2010 that produces affordable smartphones, smart home devices, and other consumer tech products. It has experienced rapid growth, becoming the top smartphone brand in India in 2017 and the world's 4th largest smartphone manufacturer. Xiaomi focuses on competitive pricing through an innovative business model that emphasizes low margins and high sales volumes. It has expanded globally from its origins in China and completed an IPO on the Hong Kong Stock Exchange in 2018.