Lei Jun: In the next five years, Xiaomi will invest 200 billion yuan to promote core technological innovation

“I have also said this many times before, and I will say it again today. Xiaomi is indeed a Beijing-born enterprise. Xiaomi’s development to this point is inseparable from Beijing, the fertile land for entrepreneurship,” said Lei Jun, a National People’s Congress delegate and founder of Xiaomi Group, during the open day event of the Beijing delegation on March 6. When discussing how Xiaomi Group conducts technological innovation, Lei Jun stated that Xiaomi will focus on tackling key core technologies. Xiaomi will continue to promote the cultivation of new quality productivity, foster deep integration of high-end manufacturing with emerging industries such as new energy vehicles and robotics, and make technological innovation the core driving force of Xiaomi’s development. Lei Jun revealed that over the next five years, Xiaomi will invest 200 billion yuan to promote hardcore technological innovation. (Shanghai Securities News)