Xiaomi is a Chinese private company that is the 3rd largest smartphone maker in the world. It designs, develops, and sells smartphones, mobile apps, laptops and other electronic devices. The company was founded in 2010 and has a large market share in China and India. Xiaomi produces high-quality, low-cost products and relies on word-of-mouth advertising rather than traditional branding. It faces threats from increasing competition and potential issues expanding globally or changing its business model.