Lei Jun, chairman of the Xiaomi Group, posted on Weibo: In 2020, we clarified our strategy for starting a technology business and proposed to invest 100 billion dollars in R&D over 5 years. We persevered for five or six years, and the results came out step by step. Of course, we also need to continue to invest more in R&D to make better products. Therefore, we plan to invest another 200 billion yuan over the next five years.

Lei Jun, chairman of the Xiaomi Group, posted on Weibo: In 2020, we clarified our strategy for starting a technology business and proposed to invest 100 billion dollars in R&D over 5 years. We persevered for five or six years, and the results came out step by step. Of course, we also need to continue to invest more in R&D to make better products. Therefore, we plan to invest another 200 billion yuan over the next five years.