Friday, January 11, 2019

Xiaomi’s five-year plan is a $1.5 billion bet on smart homes



Xiaomi, the Chinese company best known for budget phones, is betting big on a future of connected homes. It plans to plough at least 100 billion yuan, or $1.48 billion, into the so-called “AIoT” sector over the next five years, founder and chief operating office Lei Jun announced on Friday.

from Pocket https://techcrunch.com/2019/01/11/xiaomis-five-year-plan-is-a-1-5-billion-bet-on-smart-homes/
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