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Chinese smartphone maker Xiaomi has grabbed a healthy slice of the smartphone market at an impressively quick pace
That number is nearly two-thirds of the profit the company made in the entire year of 2017, meaning the fourth largest smartphone maker in the world is not slowing down.
Xiaomi posted a profit of 14.6 billion yuan ($2.1 billion) out of 45.2 billion yuan revenue in its first earnings report since IPO.
Huawei has shipped more phones than Apple to become the second biggest smartphone manufacturer in the world
Huawei isn't the only Chinese brand as two others also make the top five.
Chinese smartphone giant Xiaomi reportedly gave its CEO a $1.5 billion bonus — one of the largest CEO bonuses in history
In an unusual move, Xiaomi CEO Lei Jun is reportedly getting $1.5 billion in stock awards that aren't tied to any particular goal or milestone. The company is planning an IPO for later this year.
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The CEO of one of China’s biggest phone makers said the company might start selling its smartphones in the US this year
This isn't the first time the rumour gets thrown around.
Microsoft is rising after announcing that it’s partnering with Xiaomi to make AI and cloud computing devices
Microsoft and Chinese tech giant Xiaomi have partnered up to collaborate on cloud computing, AI, and hardware.