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Smartphone maker Xiaomi Corp. filed for its initial public offering (IPO) in early May of 2018. The Beijing-based company, headed by co-founder and Chief Executive Officer Lei Jun, generates revenue through four primary business segments: smartphones, Internet of Things (IoT) and lifestyle products, internet services, and miscellaneous additional services and products.
Most of the world’s largest software companies still operate out of the United States as of 2018, but even American tech giants are paying attention to the software revolution underway in China.
“Fintech is not only an enabler but the driving engine,” said Pierre Gramegna, the Minister of Finance of Luxembourg.
If you keep track of these things, you’ll note that the list of the world’s top 10 technology companies continues to be dominated by American names. Then again, you’ll note that two of the names on the list are Chinese and that the second company on the list is Korean.