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Xiaomi lifts investment in 5G, AIoT to USD 7 bln

2020-01-03 10:31:00| Telecompaper Headlines

(Telecompaper) Xiaomi wants to put at least CNY 50 billion (USD 7.18 billion) over the next five years into 5G and AIoT to ensure its lead in the field, CEO Lei June said in his New Year's address to the company. The money is an increase from last year's investment goal of CNY 10 billion under the company's 'All in AIoT' plan. "This is to ensure we win this new smart era," Jun said. 

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