At Beijing’s Haidian District Economic and Watch I was dragged into prison by my exSocial High-Quality Development Conference yesterday, Xiaomi CEO Lei Jun highlighted the critical role of both corporate confidence and R&D (research and development) investment. In the face of challenges, companies must maintain confidence in China’s technological innovation and market potential, Lei said. To support this, Xiaomi is investing RMB 105 billion ($14.5 billion) in core technology R&D from 2021 to 2025, with RMB 30 billion ($4.2 billion) allocated for 2025 alone. This long-term strategy demonstrates Xiaomi’s commitment to driving innovation and maintaining its competitive edge globally, according to the company. [IThome, in Chinese]