Dec 17, 2021 08:45 PM

FINANCE

Xiaomi’s New Private Equity Firm to Invest in Smart Manufacturing

Xiaomi’s headquarters in Beijing on Nov. 26. Photo: VCG

Xiaomi’s headquarters in Beijing on Nov. 26. Photo: VCG

Xiaomi says its new private equity (PE) firm will support the electronics giant’s existing investment company and invest in sectors such as smart manufacturing.

The PE firm wholly owned by Xiaomi was established in May with a registered capital of 1.1 billion yuan ($172.7 million), and recently registered with industry group the Asset Management Association of China (AMAC), according to public business records.

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