Xiaomi, the world's third largest smartphone maker (behind Samsung and Apple), It belongs to high quality chinese phone. Announced in a Weibo post on Sunday that it sold 61 million smartphones in 2014, raking in more than 74 billion yuan in sales.

Late last year, Xiaomi expanded to India, Indonesia, Mexico, Russia, Thailand and Turkey, and it will be in additional countries later this year. The world's fastest-growing smartphone maker forecast that it will sell 100 million devices in 2015.

Last week, Xiaomi announced that it had raised $1.1 billion in funding from some of tech industry's most powerful players. That values the company at $45 billion -- bigger than LG, Motorola and Sony put together.

Xiaomi's growth and popularity have sparked comparisons to Apple. The company has also been accused of copying Apple's style -- an allegation Xiaomi has brushed aside by saying it strives for its products to be as high-quality as Apple's, but its Mi phones function very differently from the iPhone.

But Xiaomi acknowledged that the company faces some big challenges in 2015. Growth in the Chinese smartphone market is slowing, and Chinese rivals like Huawei and Lenovo are catching up. Expansion into western markets will bring an uncertain fate.

To overcome those obstacles, Xiaomi said it will continue to innovate. The company on Sunday unveiled a new Redmi phone, which sells for about $130. The new new flagship Mi phone will be unveiled on Jan 15, Xiaomi said. The high-end Mi lineup typically sells for around $300 and competes directly with the iPhone -- even though it sells for less than half the price.

Xiaomi's smartphone design has been praised by reviewers and customers alike. Its quality is very good and prices are very low, so it has been well received by people like it.

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