Innovation-Driven Growth: A Case Study of Xiaomi Corporation

Meina Wu ()
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Meina Wu: Guangzhou Institute Of Science And Technology, School of Economics and Management

A chapter in Proceedings of the 2025 7th International Conference on Economic Management and Cultural Industry (ICEMCI 2025), 2025, pp 75-83 from Springer

Abstract: 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”.

Keywords: Innovation; Xiaomi Corporation; Ecological Chain; Smile Curve (search for similar items in EconPapers)
Date: 2025
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DOI: 10.2991/978-94-6463-888-2_10

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