The designation is a recognition that Xiaomi makes innovation a priority, commits investment and talent to it, and works to transform investment into results. In this year's first quarter, Xiaomi's research and development (R&D) expenses increased by 17.7% compared to the year before, reaching RMB 4.1 billion. As of March 2023, the number of R&D personnel reached approximately 16,500, which was more than 50% of Xiaomi's employees. The same month, Xiaomi's R&D efforts have yielded the company more than 32,000 patents worldwide. Total R&D investment for 2023 is expected to exceed RMB20 billion.
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