On December 17, a spokesperson for @Xiaomi Company posted that the company found that there was a report on the network that "Lei Jun entered the private placement", which was misread. The "Xiaomi Private Equity Fund Management Co., Ltd." mentioned in the relevant rumors is actually a supporting management company of the Xiaomi Industrial Fund, which is mainly committed to industrial investment and boosts the development of China's manufacturing industry in advanced manufacturing, intelligent manufacturing and other industries. New fund business is not planned separately.
Subsequently, Wang Hua, general manager of the public relations department of Xiaomi Group, forwarded the Weibo and said that the company was established in May this year and recently completed registration, and its functions are the same as those of Hubei Xiaomi Yangtze River Industrial Investment Fund. The business scope only includes private equity investment fund management and venture capital fund management services. It will not absorb public deposits or covertly absorb public deposits, and will not engage in financial business such as issuing loans; will not publicly raise and issue funds in any way; and will not publicly carry out securities products and financial derivatives trading activities.
![Information flow 丨 Xiaomi clarified: "Lei Jun entered the private placement" report is misread[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)