Global tech leader, Xiaomi commenced the annual Mi Developers Conference (MIDC 2020) yesterday in Beijing, China. The conference saw the company unveiled a number of breakthrough technologies including a retractable telescope camera technology, as well as several software improvements in the area of IoT, and even the XiaoAI virtual assistant which got a new version 5.0.
The event themed “Technology for Life”, also included a keynote speech by Xiaomi’s Chairman/CEO Lei Jun. The CEO hinted that behind the brand’s exceptional showing in terms of technological achievements, especially those in the camera domain, is its continuous investment in R&D and talent recruitment. He equally disclosed that the brand will continue to invest in human resources as there are plans to recruit more than 5000 engineers in 2021.
“We believe people are at the foundation of any innovation. When strengthening our technological competence, we should always start with(sic) finding the best people. Currently, Xiaomi has over 10,000 talented members in its engineering team and is planning to recruit 5,000 more in 2021, despite the global pandemic, ” Lei Jun stated. He further added, “my wish for the next decade is to build Xiaomi into the dream company of every engineer, and we will reinforce our strategy of talent cultivation and team composition.”
Xiaomi is relatively a young company considering that it has only been in business for 10 years. The company’s growth within this short space is mainly tied to its huge investment in R&D which includes human resources. This year alone, Xiaomi has allocated over 10 billion RMB to its R&D fund and is presently ranked among the top 20 Chinese companies in terms of R&D investment.
UP NEXT: Xiaomi XiaoAI Speaker Art Battery Edition launched for 399 yuan ($59)
