Xiaomi has built the world's largest consumer IoT platform; global consumer IoT device connections exceeded 1.1 billion as of end-Q2. Lei Jun said Xiaomi has invested 105.5 billion yuan in hard-tech R&D over the past five years and expects to invest more than 200 billion yuan over the next five years, focusing on chips, operating systems and embodied AI.

2026-10-21

Xiaomi has built the world's largest consumer IoT platform; global consumer IoT device connections exceeded 1.1 billion as of end-Q2. Lei Jun said Xiaomi has invested 105.5 billion yuan in hard-tech R&D over the past five years and expects to invest more than 200 billion yuan over the next five years, focusing on chips, operating systems and embodied AI.