Biz / Tech

Xiaomi bets more on Shanghai in AI and other sectors

Xiaomi will be involved in the city's development of artificial intelligence and other strategic sectors, which will boost Shanghai's consumption and design development.

Xiaomi Corp and the Shanghai government signed a strategic partnership on Tuesday as the Hong Kong-listed company aims to set up major facilities of Fintech, the Internet of Things and industrial design in Shanghai. 

Shanghai Party Secretary Li Qiang and Mayor Ying Yong met Xiaomi’s Chairman and Chief Executive Lei Jun in the city. 

Shanghai plans to attract a batch of innovative and competitive firms like Xiaomi to establish itself as a global modern city, which offers a good business environment for enterprises, government officials said.

Xiaomi will be involved in the city’s development of artificial intelligence and other strategic sectors, which will boost Shanghai’s consumption and design development, Lei said.

The company, which offers smartphones, TVs and other smart devices, has just issued this year's biggest tech IPO globally Hong Kong last month.

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