Lei Jun, founder, chairman and CEO of Xiaomi Group, said recently that Xiaomi has invested a total of RMB 11.1 billion in research and development expenses in the past three years, only 5.8 billion yuan last year.
In Lei Jun's view, the core of good products is innovation and R&D. In fact, in the early stage of the venture, Xiaomi's entire entrepreneurial team is all in the background of R&D engineers, with an average of more than 10 years of industry experience.
As we all know, large-scale R&D investment is the foundation of technology companies. The most typical one isHuaweiEvery year, hundreds of billions of 砸 research and development.
In the first half of the year, Xiaomi's cash and cash equivalents were 34.92 billion yuan, a year-on-year increase of 134.5%, and the total cash reserve was 51.1 billion yuan.