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Xiaomi Inc.[3] (Chinese Mandarin: [ɕi̯àu̯mì] ( listen), Chinese: 小米科技; pinyin: Xiǎomǐ Kējì, literally "millet technology";[4] English pronunciation: /ˌʃiaʊˈmiː/) is a privately owned Chinese electronics company headquartered in Beijing. It is the world's 5th largest smartphone maker in 2015 Xiaomi sold 70.8 million units and was countable for almost 5 percent of the smartphone global market share.[5] Xiaomi designs, develops, and sells smartphones, mobile apps, and related consumer electronics.[6]