Xiaomi Group announced today that as of December 31, 2019, its annual revenue is expected to exceed CNY 200 billion, and the estimated R&D cost was around CNY 7 billion.

Xiaomi will continue to give priority to investment in 5G+AIoT, in an effort to further its lead in IoT.

Xiaomi estimates that its R&D cost is expected to exceed CNY 10 billion for the year 2020.