(Yicai Global) April 30 -- Chinese consumer electronics maker Xiaomi will set up two technology research and development centers in eastern Nanjing and central Wuhan, hiring at least 20,000 people.
Xiaomi will continue to increase its spending on technology R&D, founder and Chairman Lei Jun, posted on his WeChat account today.
The Beijing-based company invested CNY11.1 billion (USD1.6 billion) in R&D over the past three years, with a tally of CNY5.8 billion last year, Lei said. As a nine-year-old company, the figure still lags far behind a world-class enterprise, he added.
Xiaomi has shaken up its organizational structure with 18 new appointments, including two advisory members and the general secretary of the technical committee, Lei added. The committee will establish cooperation with the government, colleges and other businesses, and train talent.
Editor: Emmi Laine