Market Chatter: Xiaomi to Spend 200 Billion Yuan for Core Tech R&D Over Next Five Years

MT Newswires Live

05/23

Xiaomi (HKG:1810) will invest 200 billion yuan in core technology research and development over the next five years, Reuters reported Thursday, citing Chief Executive Officer Lei Jun's comments at a Beijing event.

Lei made the announcement at an event where the tech giant is expected to unveil its first electric SUV and advanced Xring01 mobile chip, as well as a range of other products, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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