A report from China says Xiaomi is planning to assemble a brand new international headquarters and simply acquired a web site in Shenzhen for it. The plot of land is reported to have price ¥531 million.

A few months in the past, Xiaomi signed an settlement with the federal government of Shenzhen for the development of its international headquarters. The Xiaomi Group will make investments ¥7.76 billion for the development of the brand new headquarters which is predicted to comprehend a mixed working income of ¥51 billion between 2020 and 2024.

The headquarters will embrace a smartphone and synthetic intelligence middle, a enterprise growth middle, and an web service middle.

Xiaomi shouldn’t be the one Chinese language firm constructing a brand new headquarters in town of Shenzhen. Nearly the identical interval Xiaomi introduced its plans for its headquarters, Vivo additionally acquired a web site in Shenzhen that price its $182 million. That is greater than double the quantity Xiaomi paid for its personal headquarters.

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