SHANGHAI :
Xiaomi to Spend USD7.2 Billion on 5G and AIoT, CEO Lei Jun Says
Liao Shumin
DATE:  Jan 02 2020
/ SOURCE:  yicai
Xiaomi to Spend USD7.2 Billion on 5G and AIoT, CEO Lei Jun Says Xiaomi to Spend USD7.2 Billion on 5G and AIoT, CEO Lei Jun Says

(Yicai Global) Jan. 2 -- Xiaomi will invest over CNY50 billion (USD7.2 billion) in fifth-generation wireless network communication and Artificial Intelligence of Things technologies over the next five years, its Chairman Lei Jun said in a company circular today.

5G + AIoT is a service capability that runs through the company's entire product range that will enhance the advantages of AIoT and smart living, Lei stated.

Chang Cheng, a former Lenovo Group vice president, has joined Xiaomi as VP in charge of mobile product planning, Lei also announced in the memorandum.

Editor: Ben Armour

Follow Yicai Global on
Keywords:   Xiaomi Corporation,5G,AIoT