Xiaomi announced that it will update its R&D plan to increase its R&D investment to 100 billion yuan

Xiaomi held a new product launch conference for Xiaomi Mi 12 this evening. Xiaomi founder Lei Jun announced that the R&D investment in the next five years will be increased to 100 billion. Lei Jun said that two years ago, Xiaomi released a five-year research and development plan: invest 50 billion in the next five years. In the past two years, Xiaomi's R&D investment has exceeded 22 billion yuan, and the number of engineers has exceeded 16,000. But this is far from enough. The R&D plan will be updated and the R&D investment in the next five years will be increased to 100 billion yuan.

Lei Jun said: "Xiaomi firmly believes in technology-oriented, hard-core technology, and lives up to the expectations of Mi Fan."

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