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Lei Jun: XIAOMI-W to Pump RMB200B into Hard Tech Innovation in 5 Yrs
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XIAOMI-W (01810.HK) will splash RMB200 billion over the next five years to advance hard tech innovation, said Lei Jun, a deputy to the National People's Congress, and the founder, chairman, and CEO of XIAOMI-W, during the Beijing delegation's open day event, Shanghai Securities News reported.

Lei stressed that Xiaomi will focus on breakthroughs in key core technologies, continuously advancing the cultivation of new quality productivity, and promoting the deep integration of high-end manufacturing with emerging industries such as new energy vehicles and robotics. He stated that technological innovation will be the core driving force for Xiaomi's development.

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