Xiaomi’s Bold Investment Strategy
Chinese tech giant Xiaomi is set to invest a staggering 200 billion yuan, equivalent to approximately $27.8 billion, into core technology research and development over the next five years. This announcement came from founder and CEO Lei Jun during an event in Beijing. Lei emphasized the importance of this investment for the future of the company.
At the event, Xiaomi also unveiled its first electric SUV and showcased its advanced mobile chip, Xring01, among other innovative products. This significant commitment to R&D reflects Xiaomi’s ambition to strengthen its position in the competitive tech landscape. The company aims to push the boundaries of technology and deliver cutting-edge products to consumers.
