Xiaomi has spent 2 billion yuan to set up its new management company in China

Earlier this week, Wuhan Yi Yubiling, a management company, was established in China with a registered capital of 2 billion yuan (approximately US $ 313 million). The company is wholly owned by Xiaomi .

According to pandaily, the news comes from business registration information, which indicates that the start-up is legally represented by Alain Lam. This information states that the scope of business includes corporate governance, corporate governance consulting and information consulting services. According to the Chinese tech giant, the significant investment to establish the company will also help advance its business development.

Xiaomi

Remarkably, the investment began when the company shared its financial report for the third quarter of this year. The report shows that Xiaomi has invested in more than 360 companies by the end of the third quarter, with a total investment of about 59.1 billion yuan (approximately US $ 9.2 billion). Aside from investing in other companies, the company has recently even registered its second car unit as it seeks to expand its horizons in the booming electric car market. It is even planning to build a new car plant in Beijing with an annual production capacity of 300,000 units.

Comments

Popular posts from this blog

What is VoLTE and how can you activate it on your Xiaomi

So you can check the battery status of your Xiaomi smartphone and how many cycles you have performed

How to exit the FASTBOOT mode of your Xiaomi if you have entered accidentally

Does your Xiaomi charge slowly or intermittently? So you can fix it

Problems with Android Auto and your Xiaomi? So you can fix it

If your Xiaomi disconnects only from the WiFi it may be because of that MIUI setting

How to change the font in MIUI and thus further customize your Xiaomi: so you can change the type, color and size of the letters of MIUI

What is the Safe Mode of your Xiaomi, what is it for and how can you activate it

Improve and amplify the volume of your Xiaomi and / or headphones with these simple adjustments

How to activate the second space if your Xiaomi does not have this option