Smartphone brand Xiaomi advanced in rank on the 2022 Fortune Global 500 list for the fourth year in a row.
The global technology company ranked 266 in 2022, moving up 72 places from last year's 338.
Xiaomi first entered the Fortune Global 500 list in 2019, ranking at number 468. According to Fortune Magazine, they are the fastest rising Chinese technology company, advancing more than 200 positions in four years.
They said in a statement that they are committed to building amazing products with honest prices so that everyone can enjoy a better life through innovative technology.
