Zimi became a wholly-owned subsidiary of Xiaomi, and Zimi employees officially became Xiaomi employees

In March this year, Xiaomi Group announced that it would acquire 50.09% of Zimi’s shares at a price of US$205 million. After the acquisition, Zimi will become a wholly-owned subsidiary of Xiaomi.


The previous announcement showed that Xiaomi’s directors believe that Zimi has technology and R&D capabilities in the power supply and multiple IoT fields, which can improve Xiaomi’s technical competitiveness in the smart field, and achieve product power standardization to save costs. In addition, Zimi also has excellent industry resources and operating experience, which can simultaneously coordinate and enhance the competitiveness of the company’s future ecological chain products.


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