Xiaomi Industrial Investment

Xiaomi Industrial Investment (小米产投) is Xiaomi Group's corporate venture capital arm, positioned as a key player in China's industrial investment wave that accelerated around 2022 . Per 暗涌Waves, it operates alongside a separate strategic investment department inside Xiaomi, and co-launched the Xiaomi Changjiang Industrial Investment Fund with Hubei Province government—an arrangement now cited as a model of collaboration between industry leaders and local governments .

The fund concentrates on semiconductors and new energy manufacturing, with portfolio companies including VCSEL developer Vertilite (which received consecutive investments in 2020 alongside Huawei's Hubble) and automotive chipmaker Yuntu Semiconductor, where it has made multiple follow-on investments alongside state-backed and industry investors . It also appears in lidar maker Hesai Technology's cap table alongside Baidu and Meituan .