Millet Technology shares 1,266 million yuan in shares of Midea Group

1. Fully open, systematic cooperation and coordinated development;

2. Sharing principles: Sharing intelligent system platforms, data, and cloud computing;

3. The principle of convergence: integration of online and offline business operations based on the mobile Internet;

4. The principle of priority: giving each other priority and preferred strategic cooperation under the same conditions.

After the completion of the issuance, Xiaomi Technology will hold 1.29% of the shares of Midea Group and may nominate a core executive to be a group director of Midea.

It is understood that this year, the United States will complete the publication of 25 smart home appliance categories, and smart life solutions such as nutrition wisdom housekeepers, water health smart housekeepers, and energy housekeeping smart housekeepers will be gradually introduced to the market.

At the end of 2013, Xiaomi established an eco-chain team and was mainly responsible for investing in smart hardware companies. Xiao Jun, chairman of Xiaomi, said: "I hope to use the millet model to replicate 100 companies and drive the entire industry to grow together."

At present, many of Xiaomi's star products come from Xiaomi's investment in ecological chain companies such as millet bracelets, mobile power supplies, and air purifiers. They come from companies such as Huami, Zimei and Zhimi.

Through the mobile phone as a must-have item, connecting the hardware devices in the home, Xiaomi gradually built a peripheral hardware ecological chain around the core hardware of Xiaomi’s mobile phones (tablets), TVs (boxes) and smart routers. All these Smart products are all connected to Xiaomi's mobile phones and share data.

So far, 25 companies have already accepted Xiaomi's investment and become enterprises under Xiaomi's ecological chain. Lei Jun said that Xiaomi is preparing to replicate 100 such companies in the field of smart hardware.

Lei Jun’s recent capitalization has made people dazzled. At the beginning of November, when Chen Qian, the former chief editor of Sina was announced to join Xiaomi, Lei Jun said that Xiaomi will invest US$1 billion in the first phase for content input;

In early December, Lei Jun announced that Jinshan will invest US$1 billion in cloud services. Jinshan, Xiaomi and Temasek jointly invested 295 million U.S. dollars in China Telecom’s largest telecommunications neutral Internet infrastructure service provider.