No 7 Xiaomi

Xiaomi Inc sold 61.12 million smartphones in 2014, up 227 percent year on year, Xinhua reported on Jan 4, citing company founder and chief executive officer Lei Jun.

Sales of the brand expanded to six countries and regions over the past year, including Malaysia, Singapore and the Philippines.

Xiaomi, which was founded in April 2010 and valued at $45 billion in the new round of financing late December, is among the world's top four smartphone vendors.

The smartphone maker introduced its latest model Mi Note on Jan 15 at a floor price of 2,299 yuan ($370), hoping itto gain popularity among developed regions.

Lei Jun, founder and CEO of Xiaomi, speaks at a launch ceremony of Xiaomi Phone 4, in Beijing, July 22, 2014. [Photo/Agencies]