Lei Jun: Xiaomi Will Invest Over CNY 10 Billion in R&D in 2020
According to Lei Jun, founder and CEO of Chinese consumer electronics behemoth Xiaomi (01810:HK), the company is planning to spend more than CNY 10 billion on research and development in 2020.
In 2019, Xiaomi allocated around CNY 7 billion to drive innovation internally.
This text is a result of machine translation.
Related companies：
Briefing Jun 28, 2022 12:09 PM
· Real Estate
The second batch of homesteads sold intensively in Shanghai this year began to trade 32 plots from July 25, reducing the quantity and improving the quality
Briefing Jun 24, 2022 07:24 AM
· Real Estate
Financial associated press commentary: don't rush to deny the "wheat house exchange"
In-depth
Technology, Consumer Staples
Smart IoT Device Brings Future Homes into Focus, but Sparks with Interoperability Issue
With the dawn of home automation having been heralded for years, the 'smart' label of in-home products as forthcoming additions has become ubiquitous in the sustainable technology market. Global companies sought to further underline their credentials in home automation which led to a massive stretch of the imagination from smart light bulbs and thermostats to doorbells.
Jun 02, 2022 10:07 PM
Briefing Jun 23, 2022 02:03 PM
· Industrials
Samsung and apple smartphones began to enter Russia through parallel import channels
Jan 30, 2024 07:59 PM
Dec 11, 2023 08:49 PM
Jan 05, 2023 07:33 PM
Nov 08, 2022 08:32 AM
Briefing Jun 19, 2022 01:29 PM
Xiaomi 618's Omni channel payment exceeded 18.7 billion yuan
Technology
Xiaomi's Q3 Net Profit Surged by 182.9% YoY, while R&D Spending Rises to CNY 5 Billion
Smartphone makers' product matrix is one of the sources of competitive advantage, and applications such as the Internet of Things and smart electric vehicles will be a future trend.
Nov 21, 2023 03:51 PM
Briefing Jun 07, 2022 10:58 AM
· Technology
Shenzhen state owned assets supervision and Administration Commission reported that the online video involved the "Secretary of state owned enterprises"
Technology
Xiaomi Records a 4% Revenue Drop with Expanded Gross Profit
Compared with last year's period, Xiaomi sold 15.8% fewer devices. But it still has some reasons to cheer – it kept its third place globally as a manufacturer and remained 2nd in two major regions – Europe and the Middle East.
Sep 01, 2023 11:35 AM
Briefing May 23, 2022 10:24 AM
· Technology
New urbanization stocks fell in shock
See more
Read next
Insight
In-depth
Consumer Staples · Analysis
Chinese Cuisine Brand YGF Malatang Ventures into Brazil
Apr 23, 2024 02:21 PM