TacticScaleWhat Xiaomi Does & How It Makes Money (1810.HK)
Updated October 2026 · reflects Xiaomi's latest reported financials
Chinese maker of smartphones, smart home devices, and electric vehicles. Xiaomi makes most of its money selling hardware: smartphones, IoT and lifestyle products, and electric vehicles.
How Xiaomi makes money
Xiaomi makes most of its money selling hardware: smartphones, IoT and lifestyle products, and electric vehicles. It sells through wholesale, its own retail stores, and e-commerce, and it earns additional revenue from advertising, online games, and fintech services delivered to its user base.
What Xiaomi does
Xiaomi Corporation, founded in 2010 and headquartered in Beijing, is a consumer electronics company that started out selling smartphones and now sells in Mainland China and internationally. It reports four segments: Smartphones; IoT and Lifestyle Products, which covers smart large home appliances, smart TVs, tablets, wearables, and other connected devices; Internet Services, including advertising, online games, and fintech; and smart electric vehicles, which it develops, manufactures, and sells. Its products reach customers through wholesale channels, its own retail stores, and e-commerce, and it also sells products made by its ecosystem partners. Supporting activities include repair and installation services, parts and materials sales, commercial factoring, payment technology, and investments. This mix of hardware sales and recurring internet revenue gives Xiaomi a broad, integrated consumer tech business.
Products & services
- Xiaomi smartphones
- Smart electric vehicles
- Smart TVs
- Smart large home appliances
- Tablets and wearables
- Internet services (advertising, online games, fintech)
What is Xiaomi worth?
A reliable owner-earnings fair value isn't available for this company yet — we'd rather say so than print a number we don't trust.
We show a fair value only when the method is trustworthy. See Xiaomi on TacticScale →