Innovation-Driven Growth: A Case Study of Xiaomi Corporation

DOI

10.2991/978-94-6463-888-2_10How to use a DOI?

Keywords

Innovation; Xiaomi Corporation; Ecological Chain; Smile Curve

Abstract

In the era of global economic integration and rapid technological advancement, innovation has become the core driving force for enterprises to achieve sustainable growth. From smartphones to artificial intelligence, from e-commerce to new energy vehicles, innovation continuously creates new industries and business models, reshaping the market competition landscape. This paper focuses on the relationship between innovation and growth, taking Xiaomi Corporation as a specific case for in-depth analysis. Drawing on the theories of the Value Chain and the Smile Curve, this paper expounds on the key role of innovation in enterprise growth, by focusing on new product development, commercial opportunity mining, and the latest industry exploration. The findings indicate that Xiaomi has made many breakthroughs in core technology fields through continuous technological innovation and increased R&D investment. By developing a unique business model—integrating hardware, internet services, and new retail—Xiaomi has leveraged innovation to establish a competitive advantage. Additionally, the company has actively pursued ecosystem-based innovation by investing in and incubating numerous ecological chain enterprises, resulting in a robust smart hardware ecosystem and a highly competitive “vehicle-home full ecology”.

Copyright

© 2025 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Meina Wu
PY  - 2025
DA  - 2025/12/03
TI  - Innovation-Driven Growth: A Case Study of Xiaomi Corporation
BT  - Proceedings of the 2025 7th International Conference on Economic Management and Cultural Industry (ICEMCI 2025)
PB  - Atlantis Press
SP  - 75
EP  - 83
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-888-2_10
DO  - 10.2991/978-94-6463-888-2_10
ID  - Wu2025
ER  -