Chinese tech company is a rising star in the consumer electronic world, especially in smartphone market the Chinese company has tried to threaten Apple's and Samsung's dominance, and Xiaomi's efforts have made changes in the smartphone market statistics.
Xiaomi was founded by Lei Jun four year ago as a smartphone vendor. In August 2011, Xiaomi has launched its first smartphone Mi1, which was nicknamed Chinese iPhone, at attractive low price made an immediate success for the company. After Mi1's success, Xiaomi used the same pricing strategy for its next-generation smartphones and other products.
_Seeking_Alpha_-_2014-11-19_17.12.13.png "Xiaomi products")
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