Showing posts with label Boston Consulting Group. Show all posts
Showing posts with label Boston Consulting Group. Show all posts

Monday, July 17, 2023

Xiaomi Moves Up on Boston Consulting’s 50 Most Innovative Companies List Xiaomi lists two places higher than last year

Boston Consulting Group (BCG) has ranked Xiaomi 29th on its “50 Most Innovative Companies of 2023” list, two places higher than last year.

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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