Xiaomi Changjiang Industrial Investment Fund

Xiaomi Changjiang Industrial Investment Fund is the strategic investment arm of Xiaomi, focused on semiconductor and new-energy technology manufacturing, as 暗涌Waves mapped in 2023 . It operates as a collaboration between Xiaomi and Hubei Province government, where founder Lei Jun has roots, and is cited as a model of partnership between a leading enterprise and local government .

The fund has made several disclosed bets in hard tech. It led the Series B in Lice Technology, a lidar sensor developer, in 2021 , and has twice followed on in Nuclei System Technology, a RISC-V processor IP company, in 2022 alongside investors including BlueRun Ventures and government-backed chip funds .

Its role sits within a broader Xiaomi capital ecosystem: while the Changjiang fund handles semiconductors and new energy, Xiaomi's private-equity vehicle targets the EV supply chain, and Shunwei Capital—the independently raised fund also tied to Lei—invests more broadly across robotics, healthcare, and consumer .