Beijing, July 22 (TIWN) Chinese smartphone manufacturer Xiaomi has become the youngest company on the Fortune Global 500 list for 2019, ranking 468, with a revenue of $26,443.50 million and a net profit of $2,049.10 million in the previous fiscal.

Xiaomi was also named in Fortune's China 500 list for the first time in June, ranking 53rd The firm is investing 10 billion Renminbi in the development of "All in AIoT" in the next five years as part of its "Smartphone+AIoT" dual-core strategy