Chinese smartphone maker Xiaomi Corp will invest more than 50 billion yuan ($7.1...
FILE PHOTO: The logo of Xiaomi is seen inside the company's office in Bengaluru, India, January 18, 2018. REUTERS/Abhishek N. Chinnappa/File Photo
Xiaomi Chief Executive Lei Jun made the announcement in a letter posted on the company’s social media account on Thursday, but did not provide specific investment details. The announced investment increases Xiaomi’s pledge made last year to invest 10 billion yuan over five years in an “All in AIoT” strategy.
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