In recent years, smartphone manufacturers around the world are increasingly interested in innovating technologically, investing hundreds of millions of euros each year in research and development.
Lei Jun: Xiaomi will invest 50 billion Yuan in 5 years on technological innovation
In this regard, the President and CEO of Xiaomi Group, Lei Jun, has released a press release that has been published in the Chinese People's Day newspaper. Let's read it together!
In the first half of the year, China reversed the downward trend of the economy caused by the epidemic. With the orderly recovery of work and production, the economy has shown decidedly positive signs. GDP in the second quarter went from negative to positive, indicating that the Chinese economy has a strong recovery capacity and is on track. In the process of fighting the epidemic, most private companies responded quickly, donated money and materials, and acted as an important force for mobilizing the whole of society. Thanks to a process called "six stability" and that "six guarantees", private companies have become the new strength of the economy.
Currently, information technology and the manufacturing industry are accelerating integration, the consumer electronics industry is rapidly evolving in the direction of intelligence and people are full of expectations for a smarter life. Entrepreneurs must fully understand today's general trends, play the card of the digital economy, plan scientifically, distribute rationally and at the same time work hard, constantly and continuously implement the strategy of expansion of domestic demand and improve a large-scale market which is in China's potential.
Xiaomi has grown from a startup with a dozen people to a company present in the Fortune 500. Not only has it produced high quality products, but it has also pushed hundreds of small and medium-sized enterprises to innovate, start businesses and improve efficiency. This is a concrete manifestation of the booming Chinese economy. Next, we plan to invest 50 billion yuan (6 billion euros) in five years to continue increasing scientific and technological innovation, so that the Internet of Things artificial intelligence becomes a service that crosses all products, platforms and the scenarios of our intelligent ecosystem.
The impact of the epidemic is temporary and controllable. We firmly believe that the basic trend of economic stability and long-term improvement in my country will not change. The Chinese market will be more dynamic after this crisis and Chinese companies will be more competitive.
Lei Jun
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