Lei Jun emphasized that Xiaomi has always adhered to the principle of "technology first": R&D investment this year exceeds 30 billion.

Yesterday evening, Xiaomi founder Lei Jun gave an internal speech to Xiaomi employees after the Xiaomi Values Competition. Lei Jun said that a sudden traffic accident at the end of March brought about a storm of doubts, criticisms, and accusations to Xiaomi. He mentioned, "This year is Xiaomi's 15th anniversary. We had originally planned many celebrations, summaries, and planning activities, but most of them have been canceled." Lei Jun emphasized that the most important thing for Xiaomi in the past 5 years has been our consistent focus on technology. "Five years ago, we set a new goal, which is to become a global leader in hardcore technology for the new generation. Five years ago, we made a clear commitment to invest over 100 billion in research and development for five years, to increase the research and development of core technologies. As of now, we have invested approximately 105 billion, and this year's investment is expected to exceed 30 billion."