[Lei Jun: Xiaomi’s investment in hard-core technology is expected to exceed 200 billion yuan in the next five years] On October 21, at the 2026 World Intelligent Connected Vehicle Conference, Lei Jun, founder, chairman and CEO of Xiaomi Group, said that so far, Xiaomi has built the world’s largest consumer-grade IoT platform. As of the end of the second quarter, Xiaomi’s global IoT The number of connected devices has exceeded 1.1 billion. In order to improve the overall ecological experience, Xiaomi has continued to increase R&D investment in underlying hard-core technologies such as chips, operating systems, and AI embodied intelligence in the past few years. In the past five years, Xiaomi has invested 105.5 billion yuan in the research and development of hard-core technologies, and it is expected that related investments will exceed 200 billion yuan in the next five years.