Xiaomi’s subsidiary, Nanjing Information Technology Co, Ltd, has increased its capital to nearly 1 billion, indicating a major move?

Yes, Xiaomi's subsidiary Nanjing Information Technology Co, Ltd has increased its capital to nearly 1 billion, signaling a significant development

【Phoneauto News】On July 12th, Phoneauto noticed that according to the information displayed on the Qichacha APP, Mi’s subsidiary company, Mi Space Nanjing Information Technology Co., Ltd., has undergone an industrial and commercial change. The registered capital of this company has increased from 671.51 million RMB to 971.51 million RMB, an increase of 300 million RMB, or about 45%.

Mi Company

According to the industrial and commercial information on the Qichacha APP, Mi Space Nanjing Information Technology Co., Ltd. was established on March 26th, 2019, with Zhang Feng as its legal representative and executive director. On August 16th, 2020, Zhang Feng, along with four other executives including Lu Weibing, the former president of Mi China, was announced by the founder of Mi Group as a Mi partner. Currently, Zhang Feng serves as the Vice President, Chief of Staff, and Chairman of the Mi Group’s Purchasing Committee. In addition, Liu De serves as the supervisor of this company. Furthermore, the business scope of Mi Space Nanjing Information Technology Co., Ltd. includes information system integration services, software development, technology development in the field of communication technology, technology import and export, organization and planning of cultural and artistic exchange activities, and leasing of self-owned properties, among others. Currently, this company is fully controlled by MI Space NJ Limited.

It is worth mentioning that, according to information obtained by Phoneauto, Mi’s car project should already be in full swing. The prototype of their engineering vehicle was completed as early as September last year and winter testing began in the same year. According to leaked information, Mi’s first car has already been priced and will be launched next year, along with a self-developed chipset and in-car system architecture of decent quality. Furthermore, by the end of this year, Mi may also announce some interim achievements. Interested netizens can pay attention to Mi’s official updates.

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