Xiaomi founder, chairman and CEO Lei Jun said on Friday that Xiaomi's R&D investment this year is expected to exceed 7 billion yuan and next year will exceed 10 billion yuan.
He said that Xiaomi's R&D investment last year reached 5.8 billion yuan, this year it is expected to exceed 7 billion yuan, and next year it will exceed 10 billion yuan. "We insist on investing because this is investing in the future. Only with talent can there be innovation and the future."
Lei Jun said that Chinese enterprises are moving from learning to imitate innovation to core competitiveness innovation, from learning mature markets to localized innovation. The future benefits of innovation investment at this stage will be far greater than ever.
Xiaomi's international business revenue accounted for 48%. Lei Jun said that in the near future, Xiaomi's international revenue will soon exceed 50% and become a truly global enterprise. "Xiaomi's international revenue is growing fast, and the global market is promising."
More on Tech Industry
