Mi was founded in 2010 by serial entrepreneur Mr. Lei Jun, who believes that high-quality technology doesn’t need to cost a fortune. The company creates remarkable hardware, software, and internet services for and with the help of Mi fans. It incorporates their feedback into its product range, which currently includes the Mi 5, Mi Note, Mi Pad, Redmi Series, Mi TV, Mi Band, Mi Smart Home gadgets and other accessories. Mi is headquartered in Beijing, China and has offices in Asia-Pacific, India, and Brazil. It is the world's 5th largest smartphone maker in 2015, Mi sold over 70 million units and was countable for 5 percent of the smartphone global market share.