ã€Global Internet Report】 May 3, Xiaomi Corporation and Hubei Province signed a strategic cooperation agreement, and the Yangtze River Industry Fund co-sponsored to raise the scale of 12 billion yuan in the Yangtze River millet industry fund, the fund will be used to support the millet and millet ecology Chain business development. At present, Xiaomi has set up two millet homes in Hubei Province, one in Wuhan and one Xiantao. There is no millet ecological chain enterprise in Hubei. It is understood that the Xiaomi ecological chain is a smart hardware incubator based on the corporate ecology. During the past three years, Xiaomi's ecological chain has explored a series of unique ways of playing without any precedent and completely relying on its own practice: "Investment is not controlled, help not add to chaos" investment logic, with engineers The main investment team and matrix-wide hatching have become the world's largest and most widely deployed ecosystem in the field of intelligent hardware products. Xiaomi's ecological chain investment is the value and methodology of Xiaomi's output and production of products. The resources needed by the team to meet the needs of Xiaomi, such as e-commerce, marketing, and brands, have established a series of matrices around Xiaomi itself. At the end of 2016, Xiaomi founder, chairman, and CEO Lei Jun had stated publicly that in 2016 Xiaomi's smart hardware ecological chain, its annual revenue is expected to reach 15 billion yuan. At present, Xiaomi has invested in 77 smart hardware eco-chain companies, five of which have become unicorns with a valuation of more than one billion US dollars. Products include smart wearable devices, water purifiers, air purifiers, balance cars, patch panels, and more. Lei Jun said during the two sessions this year that Xiaomi will invest 100 ecological chain enterprises within five years; in 2017, the company’s total revenue is expected to exceed 100 billion yuan. One month later, he visited Wuhan again and was hired as the first consultant of the Wuhan recruiting Bureau. At the time, Lei Jun said in an interview that it would focus on promoting the development of Xiaomi's career in Wuhan. The Changjiang Industrial Fund, co-initiator of the 12 billion yuan fund, was established on December 30, 2015. The only mission is to develop the industry, focusing on cultivating and developing strategic emerging industries, and integrating global resources such as capital, projects, and talents to promote breakthrough development of strategic emerging industries in Hubei.