National People’s Congress representative Lei Jun stated at the “First ‘Representative Channel’ Session of the 14th National People’s Congress Third Session” that “Five years ago, we made up our minds to increase the intensity of technological innovation and further invest in core technologies.”
According to Lei Jun, at that time, we planned to invest 100 billion in 5 years, and now 5 years have passed, we have invested about 105 billion, and the huge R&D investment has brought huge changes to Xiaomi.
“Xiaomi has been in the top three of the global mobile phone market for 18 consecutive quarters, and last year we sold 170 million mobile phones, accounting for 14% of the global market share, which is equivalent to one out of every seven mobile phones is Xiaomi’s, and we are continuing to sprint to the high-end market.”
In addition, Lei Jun also said: “The Xiaomi 15 Ultra we just released performed very well, and its sales far exceeded expectations. At the same time, the number of connected devices on the IoT platform of Xiaomi smart furniture exceeds 900 million, which is the world’s largest consumer IoT platform. All this shows that users around the world are increasingly recognizing the value of China’s scientific and technological innovation. ”
