Xiaomi Inc. is a privately owned Chinese electronics and software company founded in 2010 by Lei Jun. It has established a presence in 70 countries and regions and is among the top 5 smartphone companies in 16 markets. Xiaomi employs around 18,000 people and generated over RMB 100 billion in revenues in 2017. It uses a matrix and flat organizational structure and pursues an aggressive expansion of its ecosystem of products and services. Major strengths include efficient leadership, impressive growth rates, and cost advantages, while weaknesses include low profit margins and lower smartphone capabilities compared to major competitors.