On the evening of December 24, Xiaomi officially issued a statement refuting relevant rumors about Xiaomi’s investment business. The Economic Crime Investigation Team of the Shanghai Public Security Bureau recently reported that the Shanghai police successfully solved a case of infringement of chip technology trade secrets, arrested 14 suspects, and seized 7 servers that stored the infringing chip technology.
There are reports that the infringed company in the case is Huawei and the infringing company is Zunpai Communications. Its founder and CEO Zhang Kun has lost contact for several months.
Xiaomi Group participated in the Pre-A round of financing of Zunpai Communications in May 2022, and many people linked this infringement case to Xiaomi.
Xiaomi officially pointed out in the statement that Hanxing Venture Capital Co., Ltd., an investment company under Xiaomi Group, participated in the financing of a chip company in 2022. This move is an extremely normal financial investment behavior.
A total of several national and local government industrial development funds and more than 20 financial investment institutions have participated in the chip company's multiple rounds of financing.
As one of the many shareholders of the company,Xiaomi is neither the earliest investor nor the investor with the largest investment scale, nor is it the investor that played a leading role in several rounds of financing.
at the same time,Xiaomi is not involved in the direct management and operation of the chip company, nor does it have any intellectual property or technical cooperation with the company.
Xiaomi said that it has completed evidence collection for these irresponsible and completely untrue information and reported it to the relevant departments.
Original text of Xiaomi’s official statement——
Statement on rumors regarding our investment business
Recently, a large number of rumors and false reports about a certain chip company and Xiaomi have been circulating on the Internet. Regarding these irresponsible and completely untrue information, we have completed the evidence collection and reported it to the relevant departments, and made a solemn clarification as follows:
Hanxing Venture Capital Co., Ltd., an investment company under Xiaomi Group, participated in the financing of a chip company in 2022. This is an extremely normal financial investment behavior.
A total of several national and local government industrial development funds and more than 20 financial investment institutions have participated in the chip company's multiple rounds of financing. As one of the company’s many shareholders, Xiaomi is neither the earliest investor nor the investor with the largest investment, nor is it the investor who has played a leading role in several rounds of financing.
At the same time, Xiaomi is neither involved in the direct management and operation of the chip company, nor does it have any intellectual property or technical cooperation with the company.
Since 2017, we have jointly invested in dozens of semiconductor companies with investment companies owned by many friends or related national and local industrial funds. These companies have played an important role in promoting the diversification of chip supply and the development of domestic technology, and many of them have grown into important suppliers to many friends in the industry.
We reiterate that Xiaomi attaches great importance to intellectual property rights and firmly opposes the theft of trade secrets through illegal means. However, we also firmly oppose unfair competition behaviors that mislead the public by distorting interpretations of news events, slandering and smearing, and maliciously devaluing the legitimate goodwill of others.