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China's Xiaomi doubled its revenue to $12 billion in 2014

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The smartphone maker sold 61 million phones

Xiaomi is still the biggest smartphone maker most folks in the West have never heard of. How big, exactly? According to Reuters, the Chinese company raked in a massive 74.3 billion yuan (about $12 billion) in 2014.

61 million phones sold

Chief executive Lei Jun said on his official microblog account Sunday that the company's pre-tax sales were up 135 percent from 2013, thanks to sales of about 61 million phones, a 227 percent increase. Although the post didn't include related profit numbers, Reuters notes that the company has been scraping by on thin profits despite its growing size: a filing from last month said the company had made about $56 million in 2013 net profit.

Still, investors are bullish on Xiaomi. Although it trails behind Apple and Samsung, the company recently took in a $1.1 billion round of funding, valuing it at about $45 billion.