However, China's Xiaomi outshined its domestic rival Vivo and landed the spot of the world's 5th largest smartphone-making company, following the growth in its smartphone shipment from 74.5 to 92.4 million in the year. Speeding by Xiaomi, Samsung Electronics, Apple Inc., China's Huawei Technologies and OPPO maintained their top 4 spots in the number game. The market expanded in favor of the top 5 vendors during the year as shipment volume by others combined dipped by 11.7%. Not very far back, in 2014 and 2015, Xiaomi was the largest vendor in China, but then stiff market competition stagnated its sales volume in the next two years. Keen to bounce back, Xiaomi, valued at around $100 billion, is now exploring a public listing.