Xiaomi 50 million invests in a new robot technology company.

Beijing Xiaomi Robotics Co., Ltd. was recently established with a legal representative of Zeng Xuezhong with a registered capital of 50 million yuan. the scope of business includes: research and development of intelligent robots; application system integration services in artificial intelligence industry; basic resources and technology platforms of artificial intelligence; and manufacturing of micro motors and components. Enterprise check equity penetration shows that the company is indirectly wholly owned by Xiaomi Communication Technology Co., Ltd.