Xiaomi's five-year plan is a $1.5 billion bet on smart homes
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Xiaomi, the Chinese company best known for budget phones, is betting big on a future of connected homes. It plans to plough at least 10 billion yuan, or $1.48 billion, into the so-called “AIoT” sector over the next five years, founder and chief operating officer Lei Jun announced on Friday. AIoT, short for “AI + […]
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