- These figures, as Xiaomi informed, does not include smartphones and laptops
- Xiaomi had announced its smartphone + AIoT strategy in January 2019
Xiaomi has announced investing RMB 50 billion on its 5G + AIoT approach. The investment, as the company pointed out, will help in ensuring its dominance over the new smart living era.
“To us, 5G is not merely about a faster smartphone network, while AIoT is also not just about AI technologies or IoT platforms. Instead, 5G+AIoT will be a revolutionary combination that will fundamentally change all Xiaomi’s products, platforms and user scenarios, catalyzing the next stage of our growth in the next generation of Internet era,” read an open-letter posted by Xiaomi’s chairman Lei Jun.
It is to be noted here that Xiaomi had initially announced investing RMB 10 billion towards its AIOT approach. The additional 40 billion hint how seriously the China-based company is taking AIoT.
234.8 Million Devices Connected on Xiaomi’s IoT Platform
Company’s annual earning report also sheds light on the number of devices that are connected to its platform. As per the report, there were 234.8 million devices connected on Xiaomi’s IoT platform. While the company primarily deals in smartphones, these connected devices figures do not include smartphones and laptops.
In 2019, Xiaomi’s revenue of the IoT and lifestyle products segment was RMB 62.1 billion, an increase of 41.7 per cent year-over-year and accounted for 30 per cent of the total revenue from 25 per cent in 2018. In the fourth quarter of 2019, revenue was RMB 19.5 billion, up 30.5 per cent year-over-year.
Xiaomi AI assistant had over 60.4 million monthly-active-users in December 2019, an increase of 55.7 per cent year-over-year. In December 2019, MAU of MIUI increased by 27.9 per cent year-over-year to 309.6 million.
“This bold initiative (5G+AIoT) will enable us to create greater value for you and is a tangible reflection of the philosophy we adhere to: By making a connected world a reality for billions of people globally. We believe technology can be a force for good to improve lives everywhere,” read Jun’s open-letter.